ValuEngine upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a buy rating in a report released on Wednesday morning.

FCEL has been the topic of several other research reports. Zacks Investment Research upgraded shares of FuelCell Energy from a sell rating to a hold rating in a research report on Wednesday, August 15th. B. Riley set a $4.00 price objective on shares of FuelCell Energy and gave the company a buy rating in a research report on Friday, September 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. FuelCell Energy currently has an average rating of Buy and a consensus price target of $3.50.

FuelCell Energy stock opened at $1.06 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.23 and a debt-to-equity ratio of 0.81. FuelCell Energy has a fifty-two week low of $1.00 and a fifty-two week high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). The company had revenue of $12.11 million for the quarter, compared to analysts’ expectations of $11.57 million. FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. During the same quarter last year, the business posted ($0.31) EPS. equities analysts expect that FuelCell Energy will post -0.78 earnings per share for the current year.

In other FuelCell Energy news, Chairman John A. Rolls bought 152,000 shares of FuelCell Energy stock in a transaction that occurred on Wednesday, June 27th. The shares were bought at an average price of $1.31 per share, with a total value of $199,120.00. Following the acquisition, the chairman now owns 317,274 shares in the company, valued at $415,628.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in FCEL. BlackRock Inc. grew its holdings in shares of FuelCell Energy by 385.2% during the 2nd quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock valued at $6,364,000 after purchasing an additional 3,827,437 shares during the last quarter. Levin Capital Strategies L.P. grew its holdings in shares of FuelCell Energy by 12.3% during the 2nd quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock valued at $3,562,000 after purchasing an additional 296,075 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FuelCell Energy by 244.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock valued at $343,000 after purchasing an additional 184,181 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of FuelCell Energy during the 2nd quarter valued at $200,000. Finally, KBC Group NV grew its holdings in shares of FuelCell Energy by 45.2% during the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after purchasing an additional 130,667 shares during the last quarter. 21.91% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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