FuelCell Energy PT Lowered to $1.75 (FCEL)
Equities researchers at Stifel Nicolaus cut their target price on shares of FuelCell Energy (NASDAQ: FCEL) from $2.00 to $1.75 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock.
Shares of FuelCell Energy traded down 0.23% during mid-day trading on Wednesday, hitting $0.9777. FuelCell Energy has a one year low of $0.83 and a one year high of $1.95. The stock’s 50-day moving average is currently $1.07. The company’s market cap is $185.3 million.
FuelCell Energy last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.03. The company had revenue of $36.40 million for the quarter, compared to the consensus estimate of $34.79 million. On average, analysts predict that FuelCell Energy will post $-0.14 earnings per share for the current fiscal year.
Separately, analysts at FBR Capital reiterated a “market perform” rating on shares of FuelCell Energy in a research note to investors on Monday, December 24th. They now have a $1.50 price target on the stock.
Two research analysts have rated the stock with a buy rating, and one has assigned a hold rating to the stock. The company presently has an average rating of “overweight” and a consensus price target of $2.33.
FuelCell Energy, Inc. (FuelCell Energy) is engaged in the development and production of stationary fuel cells for commercial, industrial, government and utility customers.
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