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FuelCell Energy (NASDAQ:FCEL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Net reports. The firm currently has a $1.60 target price on the stock.

Shares of FuelCell Energy (NASDAQ:FCEL) traded up 6.25% on Tuesday, hitting $1.70. 4,772,017 shares of the company’s stock traded hands. FuelCell Energy has a 52-week low of $0.84 and a 52-week high of $1.95. The stock’s 50-day moving average is $1.50 and its 200-day moving average is $1.37. The company’s market cap is $349.1 million.

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

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company initiated coverage on shares of FuelCell Energy in a research note on Monday, February 3rd. They set an “outperform” rating on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of FuelCell Energy in a research note 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.

To view Zacks’ full report, visit www.zacks.com

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