FuelCell Energy (FCEL) Raised to Buy at Roth Capital

FuelCell Energy (NASDAQ:FCEL) was upgraded by equities researchers at Roth Capital from a “neutral” rating to a “buy” rating in a research note issued on Friday.

FCEL has been the subject of several other research reports. B. Riley reaffirmed a “neutral” rating on shares of FuelCell Energy in a report on Wednesday, November 1st. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Cowen set a $3.00 price target on FuelCell Energy and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. FuelCell Energy presently has an average rating of “Hold” and a consensus target price of $3.17.

Shares of FuelCell Energy (NASDAQ:FCEL) traded up $0.09 during trading hours on Friday, hitting $1.68. The stock had a trading volume of 1,193,274 shares, compared to its average volume of 1,623,281. FuelCell Energy has a twelve month low of $0.80 and a twelve month high of $2.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.08 and a quick ratio of 1.32. The stock has a market cap of $120.33, a P/E ratio of -1.40 and a beta of 1.75.

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

Institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC lifted its stake in FuelCell Energy by 4.3% during the first quarter. TIAA CREF Investment Management LLC now owns 76,060 shares of the energy company’s stock worth $515,000 after purchasing an additional 3,101 shares in the last quarter. BlackRock Fund Advisors lifted its stake in FuelCell Energy by 6.1% during the first quarter. BlackRock Fund Advisors now owns 630,362 shares of the energy company’s stock worth $4,268,000 after purchasing an additional 36,151 shares in the last quarter. BlackRock Institutional Trust Company N.A. lifted its stake in 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 purchasing an additional 26,863 shares in the last quarter. State Street Corp lifted its stake in FuelCell Energy by 11.2% during the first quarter. State Street Corp now owns 316,346 shares of the energy company’s stock worth $2,142,000 after purchasing an additional 31,942 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in FuelCell Energy by 22.9% during the first quarter. Geode Capital Management LLC now owns 176,235 shares of the energy company’s stock worth $1,193,000 after purchasing an additional 32,848 shares in the last quarter. Institutional investors own 13.53% of the company’s stock.

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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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