Zacks Investment Research upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas. “

A number of other equities research analysts also recently weighed in on the company. B. Riley set a $4.00 target price on FuelCell Energy and gave the stock a buy rating in a research report on Friday, September 7th. ValuEngine upgraded FuelCell Energy from a strong sell rating to a sell rating in a research report on Saturday, June 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. FuelCell Energy currently has a consensus rating of Buy and a consensus target price of $3.50.

FCEL opened at $1.06 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.94 and a quick ratio of 1.23. FuelCell Energy has a 1-year low of $1.00 and a 1-year high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $12.11 million during the quarter, compared to analyst estimates of $11.57 million. FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. During the same quarter last year, the company earned ($0.31) earnings per share. equities research analysts anticipate that FuelCell Energy will post -0.78 EPS for the current year.

In related news, Chairman John A. Rolls acquired 152,000 shares of the business’s stock in a transaction dated Wednesday, June 27th. The stock was bought at an average price of $1.31 per share, for a total transaction of $199,120.00. Following the transaction, the chairman now owns 317,274 shares of the company’s stock, valued at $415,628.94. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.11% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of FuelCell Energy by 22.0% in the first quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after acquiring an additional 29,141 shares during the last quarter. Resource Management LLC boosted its holdings in FuelCell Energy by 237.2% during the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock valued at $111,000 after acquiring an additional 59,300 shares during the period. BlackRock Inc. lifted its stake in shares of FuelCell Energy by 3.4% in the first quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock valued at $1,719,000 after buying an additional 32,376 shares during the period. Levin Capital Strategies L.P. lifted its stake in shares of FuelCell Energy by 12.3% in the second quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock valued at $3,562,000 after buying an additional 296,075 shares during the period. Finally, KBC Group NV lifted its stake in shares of FuelCell Energy by 45.2% in the first quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after buying an additional 130,667 shares during the period. Institutional investors own 21.91% of the company’s stock.

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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