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Equities researchers at Cowen and Company initiated coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

FuelCell Energy (NASDAQ:FCEL) traded down 2.10% during mid-day trading on Monday, hitting $1.40. The stock had a trading volume of 2,799,373 shares. FuelCell Energy has a 1-year low of $0.84 and a 1-year high of $1.95. The stock’s 50-day moving average is $1.5 and its 200-day moving average is $1.36. The company’s market cap is $287.5 million.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Monday, December 16th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.02. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Analysts expect that FuelCell Energy will post $-0.10 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of FuelCell Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 20th. They now have a $1.40 price target on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of FuelCell Energy in a research note to investors on Wednesday, December 18th. They now have a $2.00 price target on the stock, up previously from $1.75.

FuelCell Energy, Inc (NASDAQ:FCEL) is a integrated fuel cell company.

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