FuelCell Energy (FCEL) PT Set at $2.00 by Roth Capital
A number of other research firms also recently issued reports on FCEL. B. Riley raised shares of FuelCell Energy from a neutral rating to a buy rating and lifted their price objective for the stock from $2.50 to $3.50 in a report on Friday. Cowen set a $3.00 price objective on shares of FuelCell Energy and gave the stock a buy rating in a report on Thursday. CIBC initiated coverage on shares of FuelCell Energy in a report on Wednesday, October 4th. They set an outperform rating and a $4.00 price objective for the company. Oppenheimer initiated coverage on shares of FuelCell Energy in a report on Wednesday, October 4th. They set an outperform rating and a $4.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of FuelCell Energy from a hold rating to a sell rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $3.17.
FuelCell Energy (NASDAQ:FCEL) traded down $0.03 on Thursday, hitting $1.98. 3,380,000 shares of the stock were exchanged, compared to its average volume of 1,670,000. The stock has a market cap of $138.42, a price-to-earnings ratio of -1.38 and a beta of 1.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $2.49.
FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, January 11th. The energy company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.05. The firm had revenue of $47.90 million during the quarter, compared to analyst estimates of $25.90 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 up 95.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.41) EPS. research analysts forecast that FuelCell Energy will post -1.19 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of FCEL. Vanguard Group Inc. lifted its holdings in shares of FuelCell Energy by 99.4% during 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 last quarter. Robecosam AG lifted its holdings in shares of FuelCell Energy by 26.3% during the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock worth $2,040,000 after acquiring an additional 250,000 shares during the last quarter. CNA Financial Corp lifted its holdings in shares of FuelCell Energy by 112.3% during the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after acquiring an additional 232,695 shares during the last quarter. KBC Group NV lifted its holdings in shares of FuelCell Energy by 170.5% during the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after acquiring an additional 147,155 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in FuelCell Energy by 90.1% in the second 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 during the last quarter. 14.56% of the stock is owned by institutional investors.
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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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