FuelCell Energy Inc. (FCEL) Receives Market Perform Rating from FBR & Co
FBR & Co reissued their market perform rating on shares of FuelCell Energy Inc. (NASDAQ:FCEL) in a research note published on Wednesday. FBR & Co currently has a $3.00 price target on the stock, down from their previous price target of $5.50.
Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded FuelCell Energy from a sell rating to a buy rating and set a $6.00 price objective on the stock in a research note on Wednesday, August 10th. Roth Capital reiterated a buy rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. FuelCell Energy currently has an average rating of Buy and an average price target of $11.19.
Shares of FuelCell Energy (NASDAQ:FCEL) opened at 2.25 on Wednesday. The firm has a 50-day moving average of $3.74 and a 200 day moving average of $5.17. FuelCell Energy has a 12 month low of $2.70 and a 12 month high of $10.74. The firm’s market cap is $75.47 million.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Wednesday, September 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.01. FuelCell Energy had a negative return on equity of 45.82% and a negative net margin of 34.72%. The business had revenue of $21.72 million for the quarter. During the same quarter in the previous year, the company posted ($0.24) EPS. FuelCell Energy’s revenue for the quarter was down 47.5% on a year-over-year basis. On average, equities research analysts anticipate that FuelCell Energy will post ($1.68) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in FuelCell Energy by 6.4% in the second quarter. Vanguard Group Inc. now owns 935,970 shares of the company’s stock valued at $5,821,000 after buying an additional 56,420 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of FuelCell Energy by 24.9% in the third quarter. BlackRock Fund Advisors now owns 809,187 shares of the company’s stock worth $4,386,000 after buying an additional 161,139 shares during the last quarter. Levin Capital Strategies L.P. raised its position in shares of FuelCell Energy by 27.6% in the second quarter. Levin Capital Strategies L.P. now owns 760,677 shares of the company’s stock worth $4,731,000 after buying an additional 164,455 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of FuelCell Energy by 6.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 684,184 shares of the company’s stock worth $3,708,000 after buying an additional 43,305 shares during the last quarter. Finally, Robecosam AG raised its position in shares of FuelCell Energy by 33.9% in the third quarter. Robecosam AG now owns 458,000 shares of the company’s stock worth $2,450,000 after buying an additional 116,000 shares during the last quarter. 23.21% of the stock is currently owned by hedge funds and other institutional investors.
FuelCell Energy Company Profile
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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