FuelCell Energy Inc. (FCEL) Trading Down 2%
FuelCell Energy Inc. (NASDAQ:FCEL)’s share price traded down 2% on Wednesday . The company traded as low as $5.70 and last traded at $5.82, with a volume of 259,790 shares traded. The stock had previously closed at $5.94.
A number of equities analysts recently weighed in on the stock. FBR & Co restated a “buy” rating on shares of FuelCell Energy in a report on Sunday, May 8th. Roth Capital restated a “buy” rating and issued a $12.00 price objective on shares of FuelCell Energy in a report on Sunday, May 8th. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, March 15th. Vetr raised shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.52 target price for the company in a research report on Monday, March 14th. Finally, Craig Hallum assumed coverage on shares of FuelCell Energy in a research report on Monday, May 2nd. They issued a “buy” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. FuelCell Energy currently has an average rating of “Buy” and a consensus price target of $13.93.
The company has a 50-day moving average price of $6.29 and a 200 day moving average price of $6.04. The company’s market cap is $183.29 million.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.16. During the same quarter in the previous year, the business posted ($0.48) EPS. Analysts anticipate that FuelCell Energy Inc. will post ($1.75) earnings per share for the current fiscal year.
FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, stationary fuel cell power plants for distributed power generation. It provides turn-key power generation solutions to its customers, including power plant installations, as well as power plant operation and maintenance.
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