FuelCell Energy Inc. (NASDAQ:FCEL) rose 1.3% during trading on Wednesday . The company traded as high as $5.49 and last traded at $5.31, with a volume of 358,082 shares changing hands. The stock had previously closed at $5.24.

FCEL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, August 10th. FBR & Co reiterated a “buy” rating and set a $9.00 price target on shares of FuelCell Energy in a report on Monday, July 11th. Roth Capital reiterated a “buy” rating and set a $12.00 price target on shares of FuelCell Energy in a report on Friday, June 10th. Finally, Craig Hallum initiated coverage on shares of FuelCell Energy in a report on Monday, May 2nd. They set a “buy” rating and a $13.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $12.94.

The firm has a 50-day moving average of $5.49 and a 200 day moving average of $6.03. The firm’s market cap is $166.35 million.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.16. During the same period in the prior year, the business posted ($0.48) EPS. On average, equities analysts forecast that FuelCell Energy Inc. will post ($1.67) earnings per share for the current fiscal year.

FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.

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