FuelCell Energy Inc. (FCEL) Shares Down 2.8%
FuelCell Energy Inc. (NASDAQ:FCEL) shares fell 2.8% on Monday . The stock traded as low as $5.20 and last traded at $5.20, with a volume of 245,772 shares. The stock had previously closed at $5.35.
A number of analysts recently issued reports on the stock. FBR & Co reissued a “buy” rating on shares of FuelCell Energy in a research report on Sunday, May 8th. Roth Capital reissued a “buy” rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Sunday, May 8th. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, August 10th. Finally, Craig Hallum assumed coverage on shares of FuelCell Energy in a research report on Monday, May 2nd. They set a “buy” rating and a $13.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $12.94.
The stock’s 50 day moving average is $5.39 and its 200 day moving average is $6.04. The stock’s market capitalization is $164.15 million.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.16. During the same period in the previous year, the firm earned ($0.48) earnings per share. On average, analysts forecast that FuelCell Energy Inc. will post ($1.67) EPS 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.
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