FuelCell Energy, Inc. (FCEL) Given Consensus Recommendation of “Hold” by Analysts
Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.00.
Several research analysts have commented on FCEL shares. Raymond James Financial, Inc. started coverage on shares of FuelCell Energy in a research report on Tuesday, August 15th. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen and Company set a $2.00 price target on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. started coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price target for the company. Finally, CIBC started coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price target for the company.
FuelCell Energy (NASDAQ FCEL) traded down $0.02 during midday trading on Thursday, reaching $1.57. 680,300 shares of the company’s stock traded hands, compared to its average volume of 1,323,598. FuelCell Energy has a 1 year low of $0.80 and a 1 year high of $2.94. 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 earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. During the same quarter last year, the company posted ($0.38) EPS. FuelCell Energy’s revenue for the quarter was down 52.3% on a year-over-year basis. equities analysts expect that FuelCell Energy will post -1.19 earnings per share for the current year.
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Several large investors have recently modified their holdings of FCEL. Bank of New York Mellon Corp lifted its stake in shares of FuelCell Energy by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after acquiring an additional 14,521 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of FuelCell Energy in the 1st quarter worth approximately $600,000. LMR Partners LLP acquired a new stake in shares of FuelCell Energy in the 2nd quarter worth approximately $142,000. CNA Financial Corp lifted its stake in shares of 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 acquiring an additional 155,367 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 946,548 shares during the period. 14.72% of the stock is owned by institutional investors.
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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