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

Several research firms recently issued reports on FCEL. FBR & Co reaffirmed a “buy” rating and set a $9.00 price target on shares of FuelCell Energy in a research note on Monday, July 11th. Roth Capital reaffirmed a “buy” rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Monday, May 16th. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, August 10th. Finally, Craig Hallum began coverage on shares of FuelCell Energy in a research note on Monday, May 2nd. They set a “buy” rating and a $13.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $12.94.

The company’s market capitalization is $166.35 million. The firm has a 50-day moving average of $5.44 and a 200 day moving average of $6.02.

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