FuelCell Energy Inc. (FCEL) Sees Large Volume Increase
Shares of FuelCell Energy Inc. (NASDAQ:FCEL) saw an uptick in trading volume on Wednesday . 449,289 shares traded hands during 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.
Several brokerages recently weighed in on FCEL. Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Wednesday, August 10th. FBR & Co reaffirmed a “buy” rating and issued a $9.00 price target on shares of FuelCell Energy in a report on Monday, July 11th. Roth Capital reaffirmed a “buy” rating and issued a $12.00 price target on shares of FuelCell Energy in a report on Friday, June 10th. Finally, Craig Hallum began coverage on FuelCell Energy in a report on Monday, May 2nd. They issued a “buy” rating and a $13.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $12.94.
The company’s market capitalization is $167.04 million. The stock has a 50-day moving average price of $5.35 and a 200 day moving average price of $6.03.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.16. During the same quarter last year, the business earned ($0.48) earnings per share. Equities 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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