FuelCell Energy Inc (NASDAQ:FCEL) Director John A. Rolls bought 100,000 shares of FuelCell Energy stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $0.75 per share, for a total transaction of $75,000.00. Following the purchase, the director now owns 417,274 shares of the company’s stock, valued at approximately $312,955.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of FCEL traded up $0.06 during midday trading on Wednesday, hitting $0.77. The stock had a trading volume of 8,889 shares, compared to its average volume of 714,202. FuelCell Energy Inc has a 1 year low of $0.70 and a 1 year high of $2.17. The company has a market cap of $77.61 million, a P/E ratio of -0.69 and a beta of 1.77. 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 (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). The company had revenue of $12.11 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted ($0.31) earnings per share. Analysts predict that FuelCell Energy Inc will post -0.77 earnings per share for the current fiscal year.

FCEL has been the topic of several recent analyst reports. B. Riley set a $4.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a research note on Friday, September 7th. ValuEngine raised shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. FuelCell Energy has an average rating of “Buy” and an average price target of $3.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Resource Management LLC grew its holdings in shares of FuelCell Energy by 237.2% in the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock worth $111,000 after purchasing an additional 59,300 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of FuelCell Energy in the second quarter worth about $200,000. Northern Trust Corp grew its holdings 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 purchasing an additional 29,141 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FuelCell Energy by 244.0% in the second quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after purchasing an additional 184,181 shares during the last quarter. Finally, BlackRock Inc. grew its holdings 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 worth $1,719,000 after purchasing an additional 32,376 shares during the last quarter. Hedge funds and other institutional investors own 21.65% of the company’s stock.

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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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