Oppenheimer Holdings, Inc. Begins Coverage on FuelCell Energy, Inc. (FCEL)
Stock analysts at Oppenheimer Holdings, Inc. initiated coverage on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $4.00 price target on the energy company’s stock. Oppenheimer Holdings, Inc.’s target price indicates a potential upside of 76.99% from the company’s previous close. Oppenheimer Holdings also issued estimates for FuelCell Energy’s Q4 2017 earnings at ($0.23) EPS, FY2017 earnings at ($1.22) EPS, FY2018 earnings at ($0.78) EPS and FY2019 earnings at ($0.60) EPS.
A number of other research analysts have also recently commented on FCEL. Cowen and Company set a $2.00 price target on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, August 11th. Raymond James Financial, Inc. assumed coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They issued a “market perform” rating on the stock. Zacks Investment Research cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Roth Capital restated a “neutral” rating and issued a $1.50 price target on shares of FuelCell Energy in a report on Tuesday, September 12th. Finally, FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. FuelCell Energy has an average rating of “Hold” and a consensus price target of $2.90.
FuelCell Energy (NASDAQ FCEL) remained flat at $2.26 during midday trading on Wednesday. The stock had a trading volume of 3,378,422 shares. FuelCell Energy has a 52 week low of $0.80 and a 52 week high of $5.45. The firm’s market cap is $138.96 million. The stock’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.39.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results 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 company had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The company’s revenue for the quarter was down 52.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.38) earnings per share. Equities research analysts forecast that FuelCell Energy will post ($1.20) EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Robecosam AG lifted its stake in FuelCell Energy by 35.7% in the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after acquiring an additional 250,000 shares during the period. Goldman Sachs Group Inc. lifted its stake in FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after acquiring an additional 65,392 shares during the period. Vanguard Group Inc. lifted its stake in FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after acquiring an additional 946,548 shares during the period. CNA Financial Corp lifted its stake in FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after acquiring an additional 155,367 shares during the period. Finally, LMR Partners LLP purchased a new stake in FuelCell Energy in the second quarter worth about $142,000. 13.99% of the stock is owned by institutional investors.
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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