FuelCell Energy, Inc. (FCEL) Stock Rating Reaffirmed by Cowen and Company
FuelCell Energy, Inc. (NASDAQ:FCEL)‘s stock had its “buy” rating reissued by equities researchers at Cowen and Company in a research report issued to clients and investors on Sunday. They currently have a $2.50 price target on the energy company’s stock. Cowen and Company’s target price would suggest a potential upside of 67.79% from the company’s previous close.
Several other equities research analysts have also recently issued reports on FCEL. FBR & Co reissued a “hold” rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Zacks Investment Research raised FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Raymond James Financial, Inc. started coverage on FuelCell Energy in a research report on Tuesday, August 15th. They set a “market perform” rating on the stock. Finally, ValuEngine cut FuelCell Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. FuelCell Energy currently has a consensus rating of “Hold” and an average price target of $1.88.
FuelCell Energy (NASDAQ:FCEL) opened at 1.49 on Friday. FuelCell Energy has a 52-week low of $0.80 and a 52-week high of $5.67. The company’s 50-day moving average is $1.50 and its 200-day moving average is $1.36. The company’s market capitalization is $88.76 million.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.08. The firm had revenue of $10.36 million during the quarter, compared to analyst estimates of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 51.88%. The firm’s revenue for the quarter was down 52.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.38) earnings per share. On average, analysts expect that FuelCell Energy will post ($1.14) earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of FuelCell Energy by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after buying an additional 14,521 shares during the period. KBC Group NV lifted its stake in shares of FuelCell Energy by 36.8% in the 1st quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after purchasing an additional 23,231 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the last quarter. Robecosam AG lifted its stake in shares of FuelCell Energy by 16.7% in the 1st quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after purchasing an additional 100,000 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of FuelCell Energy in the 2nd quarter valued at $142,000. Hedge funds and other institutional investors own 14.43% of the company’s stock.
FuelCell Energy Company Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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