Research analysts at CIBC began coverage on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating and a $4.00 price target on the energy company’s stock. CIBC’s target price indicates a potential upside of 111.64% from the stock’s current price.

A number of other brokerages have also commented on FCEL. Cowen and Company lowered their price objective on FuelCell Energy from $2.50 to $2.00 and set an “outperform” rating for the company in a research report on Friday, June 9th. Zacks Investment Research downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. assumed coverage on shares of FuelCell Energy in a research note on Tuesday, August 15th. They set a “market perform” rating for the company. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2.58.

Shares of FuelCell Energy (NASDAQ:FCEL) opened at 1.89 on Wednesday. The stock has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.37. The firm’s market cap is $116.21 million. FuelCell Energy has a one year low of $0.80 and a one year high of $5.67.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.08). The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The firm’s quarterly revenue was down 52.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.38) earnings per share. On average, equities research analysts forecast that FuelCell Energy will post ($1.20) EPS for the current year.

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A number of hedge funds have recently made changes to their positions in FCEL. AQR Capital Management LLC bought a new position in FuelCell Energy in the fourth quarter valued at approximately $693,000. KBC Group NV boosted its holdings in shares of FuelCell Energy by 36.8% in the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after buying an additional 23,231 shares during the period. Robecosam AG increased its position in shares of FuelCell Energy by 16.7% during the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock worth $998,000 after acquiring an additional 100,000 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of FuelCell Energy during the first quarter worth $600,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of FuelCell Energy by 4.6% during the first quarter. BlackRock Institutional Trust Company N.A. now owns 609,494 shares of the energy company’s stock worth $4,126,000 after acquiring an additional 26,863 shares in the last quarter. Hedge funds and other institutional investors own 13.99% 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.

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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