FuelCell Energy Inc. (FCEL) Stock Price Down 3.5%
FuelCell Energy Inc. (NASDAQ:FCEL) shares traded down 3.5% during trading on Tuesday . The stock traded as low as $5.21 and last traded at $5.21, with a volume of 261,601 shares. The stock had previously closed at $5.40.
A number of analysts have issued reports on FCEL shares. FBR & Co reaffirmed a “buy” rating and set a $9.00 price target on shares of FuelCell Energy in a 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 report on Friday, June 10th. Finally, Craig Hallum started coverage on FuelCell Energy in a report on Monday, May 2nd. They set a “buy” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. FuelCell Energy currently has a consensus rating of “Buy” and a consensus price target of $13.93.
The firm’s 50 day moving average is $5.50 and its 200-day moving average is $6.03. The stock’s market capitalization is $165.09 million.
FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.16. During the same period last year, the firm earned ($0.48) earnings per share. On average, analysts anticipate that FuelCell Energy Inc. will post ($1.67) 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 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.