FuelCell Energy Inc. (FCEL) Trading Down 2.8%
FuelCell Energy Inc. (NASDAQ:FCEL) fell 2.8% during trading on Tuesday . The company traded as low as $5.20 and last traded at $5.21, with a volume of 285,843 shares traded. The stock had previously closed at $5.36.
A number of brokerages have weighed in on FCEL. FBR & Co reiterated a “buy” rating on shares of FuelCell Energy in a report on Sunday, May 8th. Roth Capital reissued a “buy” rating and set a $12.00 price objective on shares of FuelCell Energy in a research report on Sunday, May 8th. Zacks Investment Research raised FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, August 10th. Finally, Craig Hallum started coverage on FuelCell Energy in a research report on Monday, May 2nd. They set a “buy” rating and a $13.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $12.94.
The firm’s 50 day moving average price is $5.49 and its 200 day moving average price is $6.03. The stock’s market capitalization is $164.46 million.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.16. During the same period last year, the company posted ($0.48) earnings per share. On average, equities analysts expect that FuelCell Energy Inc. will post ($1.67) EPS 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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