FuelCell Energy Inc (FCEL) Receives Consensus Rating of “Hold” from Analysts

Shares of FuelCell Energy Inc (NASDAQ:FCEL) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.30.

FCEL has been the topic of several recent research reports. Cowen set a $3.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Thursday, January 11th. B. Riley raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2.50 to $3.50 in a report on Friday, January 12th. Roth Capital set a $2.00 target price on shares of FuelCell Energy and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th.

Shares of FuelCell Energy (NASDAQ:FCEL) opened at $1.50 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. The stock has a market cap of $125.63, a P/E ratio of -1.29 and a beta of 1.75. FuelCell Energy has a 1 year low of $0.80 and a 1 year high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. The firm had revenue of $47.90 million during the quarter, compared to the consensus estimate of $25.90 million. FuelCell Energy had a negative net margin of 56.35% and a negative return on equity of 51.62%. The business’s revenue for the quarter was up 95.5% compared to the same quarter last year. During the same period last year, the business posted ($0.41) earnings per share. sell-side analysts anticipate that FuelCell Energy will post -0.73 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Robecosam AG increased its holdings in shares of FuelCell Energy by 26.3% during the third quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock worth $2,040,000 after purchasing an additional 250,000 shares during the period. Vanguard Group Inc. increased 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 valued at $2,354,000 after acquiring an additional 946,548 shares during the last quarter. KBC Group NV increased its stake in FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after acquiring an additional 147,155 shares during the last quarter. CNA Financial Corp increased its stake in FuelCell Energy by 112.3% in the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after acquiring an additional 232,695 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased 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 valued at $171,000 after acquiring an additional 65,392 shares during the last quarter. 13.53% of the stock is currently owned by institutional investors.

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About FuelCell Energy

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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