Cowen and Company reiterated their outperform rating on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a research report sent to investors on Wednesday. The brokerage currently has a $2.50 target price on the energy company’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of FuelCell Energy from a hold rating to a buy rating and set a $1.00 price objective on the stock in a report on Tuesday, May 30th. FBR & Co reiterated a hold rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Raymond James Financial, Inc. initiated coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They issued a market perform rating on the stock. Roth Capital reiterated a neutral rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. Finally, ValuEngine lowered shares of FuelCell Energy from a sell rating to a strong sell rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $1.88.

FuelCell Energy (FCEL) opened at 1.74 on Wednesday. The stock’s market cap is $106.98 million. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $5.67. The company has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.35.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.08). The business had revenue of $10.36 million for the quarter, compared to analyst estimates of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business’s revenue was down 52.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) EPS. On average, equities research analysts predict that FuelCell Energy will post ($1.20) EPS for the current year.

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A number of hedge funds have recently modified their holdings of the business. Robecosam AG lifted its holdings in FuelCell Energy by 35.7% in the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after buying an additional 250,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after buying an additional 65,392 shares in the last quarter. Vanguard Group Inc. lifted its holdings in FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after buying an additional 946,548 shares in the last quarter. CNA Financial Corp lifted its holdings in FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after buying an additional 155,367 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in FuelCell Energy in the 2nd quarter worth $142,000. Hedge funds and other institutional investors own 13.99% of the company’s stock.

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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