FuelCell Energy, Inc. (NASDAQ:FCEL) dropped 5.3% on Monday . The company traded as low as $2.10 and last traded at $2.14. 3,764,654 shares traded hands during mid-day trading, an increase of 141% from the average session volume of 1,560,660 shares. The stock had previously closed at $2.26.

FCEL has been the topic of a number of research reports. Cowen and Company reaffirmed a “buy” rating and issued a $2.50 price objective on shares of FuelCell Energy in a report on Sunday, September 10th. Raymond James Financial, Inc. initiated coverage on FuelCell Energy in a report on Tuesday, August 15th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. initiated coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. Finally, CIBC initiated coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. FuelCell Energy presently has an average rating of “Hold” and a consensus price target of $2.90.

The stock’s market cap is $127.89 million. The company’s 50-day moving average price is $1.67 and its 200 day moving average price is $1.40.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.08). The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 52.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. On average, equities research analysts predict that FuelCell Energy, Inc. will post ($1.20) earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after buying an additional 946,548 shares during the period. Robecosam AG raised its stake in shares of FuelCell Energy by 35.7% in the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after buying an additional 250,000 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of FuelCell Energy in the first quarter valued at $600,000. CNA Financial Corp raised its stake in shares of FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after buying an additional 155,367 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after buying an additional 65,392 shares during the period. Hedge funds and other institutional investors own 13.99% of the company’s stock.

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FuelCell Energy Company Profile

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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