FuelCell Energy, Inc. (FCEL) Given Average Recommendation of “Hold” by Brokerages
FuelCell Energy, Inc. (NASDAQ:FCEL) has earned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.00.
A number of research firms recently weighed in on FCEL. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Roth Capital restated a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. CIBC began coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective for the company. Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. began coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective for the company.
Institutional investors and hedge funds have recently modified their holdings of the business. Robecosam AG boosted its position in FuelCell Energy by 35.7% during the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 250,000 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in FuelCell Energy during the first quarter valued at $600,000. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 14,521 shares during the last quarter. CNA Financial Corp boosted its position in shares of FuelCell Energy by 300.0% during the 2nd 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of FuelCell Energy by 90.1% during the 2nd 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 in the last quarter. 13.92% of the stock is currently owned by institutional investors and hedge funds.
FuelCell Energy (FCEL) traded up $0.07 during midday trading on Friday, reaching $2.21. The company had a trading volume of 1,832,897 shares, compared to its average volume of 1,980,426. The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.08). The company had revenue of $10.36 million during 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 for the quarter was down 52.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) earnings per share. equities analysts anticipate that FuelCell Energy will post -1.19 EPS for the current fiscal year.
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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