FuelCell Energy (FCEL) Upgraded by Roth Capital to “Buy”
Roth Capital upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a neutral rating to a buy rating in a research note published on Friday morning, Marketbeat reports. The firm currently has $4.00 target price on the energy company’s stock, up from their previous target price of $2.00.
Several other research firms also recently issued reports on FCEL. B. Riley reissued a neutral rating on shares of FuelCell Energy in a research report on Wednesday, November 1st. Cowen set a $3.00 target price on FuelCell Energy and gave the company a buy rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research downgraded FuelCell Energy from a hold rating to a sell rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $3.50.
Shares of FuelCell Energy (NASDAQ:FCEL) traded up $0.06 on Friday, hitting $1.65. The stock had a trading volume of 2,451,874 shares, compared to its average volume of 1,580,000. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $2.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 2.08. The stock has a market cap of $129.58, a price-to-earnings ratio of -1.38 and a beta of 1.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of FuelCell Energy by 154.5% in the 4th quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after acquiring an additional 37,661 shares during the period. KBC Group NV increased its position in shares of FuelCell Energy by 23.8% in the 4th quarter. KBC Group NV now owns 289,051 shares of the energy company’s stock valued at $491,000 after acquiring an additional 55,586 shares during the period. Goldman Sachs Group Inc. increased its position in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares during the period. CNA Financial Corp increased its position in shares of FuelCell Energy by 112.3% in the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after acquiring an additional 232,695 shares during the period. Finally, Robecosam AG increased its position in shares of FuelCell Energy by 35.7% in the 2nd 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 period. 13.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.