FuelCell Energy Inc. (FCEL) Sees Unusually-High Trading Volume
Shares of FuelCell Energy Inc. (NASDAQ:FCEL) saw unusually-high trading volume on Wednesday . Approximately 449,289 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 428,588 shares.The stock last traded at $5.26 and had previously closed at $5.34.
FCEL has been the topic of a number of research reports. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Wednesday, August 10th. FBR & Co reissued a “buy” rating and issued a $9.00 price objective on shares of FuelCell Energy in a research report 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 report on Friday, June 10th. Finally, Craig Hallum assumed coverage on shares of FuelCell Energy in a research report 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, FuelCell Energy currently has a consensus rating of “Buy” and an average target price of $12.94.
The company’s market cap is $161.95 million. The firm’s 50-day moving average is $5.39 and its 200 day moving average is $6.04.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results 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 period in the prior year, the company posted ($0.48) earnings per share. On average, equities research analysts predict that FuelCell Energy Inc. will post ($1.67) EPS 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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