Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.00.

A number of equities research analysts have recently commented on the stock. Roth Capital reiterated a “neutral” rating and set a $1.50 price target on shares of FuelCell Energy in a report on Tuesday. Cowen and Company restated a “buy” rating and issued a $2.50 target price on shares of FuelCell Energy in a report on Sunday. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Raymond James Financial, Inc. started coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They issued a “market perform” rating on the stock.

FuelCell Energy (NASDAQ FCEL) traded down 2.26% during midday trading on Friday, hitting $1.51. 982,546 shares of the company were exchanged. The stock has a 50 day moving average of $1.50 and a 200-day moving average of $1.36. The stock’s market capitalization is $90.25 million. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $5.67.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The firm had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $16.78 million. During the same quarter in the previous year, the company earned ($0.38) EPS. The company’s quarterly revenue was down 52.3% compared to the same quarter last year. Equities analysts expect that FuelCell Energy will post ($1.19) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Robecosam AG boosted its holdings in FuelCell Energy by 35.7% in the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after purchasing an additional 250,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after purchasing an additional 65,392 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after purchasing an additional 946,548 shares during the last quarter. CNA Financial Corp boosted its holdings in FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after purchasing an additional 155,367 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in FuelCell Energy in the second quarter worth approximately $142,000. Institutional investors own 14.43% of the company’s stock.

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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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