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Equities researchers at Cowen and Company upped their price objective on shares of FuelCell Energy (NASDAQ:FCEL) from $2.40 to $3.00 in a research report issued on Wednesday. Cowen and Company’s price target would indicate a potential upside of 32.16% from the stock’s previous close.

A number of other analysts have also recently weighed in on FCEL. Analysts at ISI Group cut their price target on shares of FuelCell Energy to $2.40 in a research note on Thursday, June 5th. Analysts at Stifel Nicolaus initiated coverage on shares of FuelCell Energy in a research note on Wednesday, May 28th. They set a “buy” rating and a $2.90 price target on the stock. Two analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $2.70.

Shares of FuelCell Energy (NASDAQ:FCEL) traded up 3.96% during mid-day trading on Wednesday, hitting $2.36. The stock had a trading volume of 2,422,519 shares. FuelCell Energy has a 52 week low of $1.12 and a 52 week high of $4.74. The stock’s 50-day moving average is $2.29 and its 200-day moving average is $2.24. The company’s market cap is $613.7 million.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $38.27 million for the quarter, compared to the consensus estimate of $44.73 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. Analysts expect that FuelCell Energy will post $-0.13 EPS for the current fiscal year.

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

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