Roth Capital Reaffirms “Neutral” Rating for FuelCell Energy, Inc. (FCEL)
Roth Capital reiterated their neutral rating on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a research report sent to investors on Tuesday. Roth Capital currently has a $1.50 price objective on the energy company’s stock.
Several other analysts also recently commented on the company. Cowen and Company reissued a buy rating and issued a $2.50 price objective on shares of FuelCell Energy in a research note on Sunday, September 10th. FBR & Co reissued a hold rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Zacks Investment Research raised FuelCell Energy from a sell rating to a hold rating in a research note on Tuesday, August 22nd. Raymond James Financial, Inc. assumed coverage on FuelCell Energy in a research note on Tuesday, August 15th. They issued a market perform rating for the company. Finally, ValuEngine downgraded FuelCell Energy from a sell rating to a strong sell rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $1.88.
FuelCell Energy (NASDAQ:FCEL) opened at 1.49 on Tuesday. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $5.67. The company’s market capitalization is $88.76 million. The firm has a 50-day moving average price of $1.50 and a 200-day moving average price of $1.36.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). The company had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The business’s revenue for the quarter was down 52.3% compared to the same quarter last year. During the same period last year, the company earned ($0.38) earnings per share. On average, analysts forecast that FuelCell Energy will post ($1.19) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in FuelCell Energy by 13.3% during 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 purchasing an additional 14,521 shares during the period. KBC Group NV grew its holdings in FuelCell Energy by 36.8% during the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after purchasing an additional 23,231 shares during the period. Goldman Sachs Group Inc. grew its holdings in FuelCell Energy by 90.1% during the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the period. Robecosam AG grew its holdings in FuelCell Energy by 16.7% during the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after purchasing an additional 100,000 shares during the period. Finally, LMR Partners LLP bought a new position in FuelCell Energy during the second quarter valued at $142,000. 14.43% of the stock is owned by institutional investors and hedge funds.
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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