FuelCell Energy Inc. (NASDAQ:FCEL) shares traded up 3.3% during mid-day trading on Wednesday . The company traded as high as $5.30 and last traded at $5.25, with a volume of 420,612 shares trading hands. The stock had previously closed at $5.08.

A number of research analysts have recently issued reports on the company. FBR & Co reissued a “buy” rating and issued a $9.00 target price on shares of FuelCell Energy in a report on Monday, July 11th. Zacks Investment Research lowered FuelCell Energy from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, Roth Capital reissued a “buy” rating and issued a $12.00 target price on shares of FuelCell Energy in a report on Friday, June 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. FuelCell Energy currently has an average rating of “Buy” and a consensus target price of $12.94.

The firm’s market cap is $179.10 million. The firm has a 50-day moving average price of $5.22 and a 200 day moving average price of $6.03.

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FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Wednesday, September 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.01. The business had revenue of $21.72 million for the quarter. FuelCell Energy had a negative return on equity of 45.82% and a negative net margin of 34.72%. The company’s revenue for the quarter was down 47.5% on a year-over-year basis. During the same period last year, the business posted ($0.24) EPS. On average, equities research analysts expect that FuelCell Energy Inc. will post ($1.60) EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in FCEL. Vanguard Group Inc. increased its stake in shares of FuelCell Energy by 6.4% in the second quarter. Vanguard Group Inc. now owns 935,970 shares of the company’s stock valued at $5,821,000 after buying an additional 56,420 shares during the period. Levin Capital Strategies L.P. increased its stake in shares of FuelCell Energy by 27.6% in the second quarter. Levin Capital Strategies L.P. now owns 760,677 shares of the company’s stock valued at $4,731,000 after buying an additional 164,455 shares during the period. BlackRock Fund Advisors increased its stake in shares of FuelCell Energy by 2.8% in the second quarter. BlackRock Fund Advisors now owns 648,048 shares of the company’s stock valued at $4,031,000 after buying an additional 17,686 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of FuelCell Energy by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 640,879 shares of the company’s stock valued at $3,986,000 after buying an additional 31,385 shares during the period. Finally, GAM Holding AG increased its stake in shares of FuelCell Energy by 49.5% in the second quarter. GAM Holding AG now owns 376,148 shares of the company’s stock valued at $2,340,000 after buying an additional 124,474 shares during the period. 20.60% of the stock is currently owned by institutional investors and hedge funds.

About FuelCell Energy

FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.

5 Day Chart for NASDAQ:FCEL

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