FuelCell Energy (FCEL) Set to Announce Earnings on Monday
FuelCell Energy (NASDAQ:FCEL) will be releasing its Q314 earnings data on Monday, September 8th. Analysts expect FuelCell Energy to post earnings of ($0.03) per share and revenue of $53.64 million for the quarter.
FuelCell Energy (NASDAQ:FCEL) opened at 2.55 on Friday. FuelCell Energy has a 1-year low of $1.18 and a 1-year high of $4.74. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.36. The company’s market cap is $663.1 million. FuelCell Energy also saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 31,297,349 shares, a drop of 5.9% from the July 31st total of 33,263,619 shares. Based on an average daily volume of 6,776,315 shares, the short-interest ratio is presently 4.6 days. Currently, 15.1% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of FuelCell Energy from $2.40 to $3.00 in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. FuelCell Energy currently has a consensus rating of “Hold” and an average price target of $2.70.
FuelCell Energy, Inc (NASDAQ:FCEL) is a integrated fuel cell company.
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