FuelCell Energy, Inc. (NASDAQ:FCEL) has been given a $2.00 price objective by analysts at Cowen and Company in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the energy company’s stock. Cowen and Company’s price target suggests a potential upside of 44.93% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of FuelCell Energy from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research report on Wednesday, May 10th. ValuEngine downgraded shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1.75.

FuelCell Energy (FCEL) traded down 2.82% during trading on Friday, reaching $1.38. 746,413 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.36. FuelCell Energy has a 52 week low of $0.80 and a 52 week high of $5.67. The stock’s market capitalization is $82.21 million.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, June 8th. The energy company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.06. FuelCell Energy had a negative net margin of 60.75% and a negative return on equity of 44.42%. The company had revenue of $20.40 million for the quarter, compared to analysts’ expectations of $19.30 million. During the same period in the previous year, the firm posted ($0.56) earnings per share. The business’s revenue for the quarter was down 28.7% on a year-over-year basis. On average, equities analysts expect that FuelCell Energy will post ($1.12) EPS for the current year.

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Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in FuelCell Energy during the fourth quarter valued at approximately $693,000. Bank of New York Mellon Corp increased its stake in FuelCell Energy by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after buying an additional 14,521 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in FuelCell Energy during the first quarter valued at approximately $600,000. Levin Capital Strategies L.P. increased its stake in FuelCell Energy by 1,717.4% in the first quarter. Levin Capital Strategies L.P. now owns 310,776 shares of the energy company’s stock valued at $427,000 after buying an additional 293,676 shares in the last quarter. Finally, KBC Group NV increased its stake in FuelCell Energy by 36.8% in the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after buying an additional 23,231 shares in the last quarter. 14.52% of the stock is owned by institutional investors.

About FuelCell Energy

Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.

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