Shares of FuelCell Energy Inc. (NASDAQ:FCEL) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.93.

A number of research firms have commented on FCEL. FBR & Co reiterated a “buy” rating and issued a $9.00 price objective on shares of FuelCell Energy in a report on Monday, July 11th. Zacks Investment Research downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $12.00 price objective on shares of FuelCell Energy in a report on Friday, June 10th.

Shares of FuelCell Energy (NASDAQ:FCEL) opened at 5.50 on Friday. The company has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.91. The stock’s market cap is $184.47 million. FuelCell Energy has a one year low of $4.51 and a one year high of $12.24.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Wednesday, September 7th. The company reported ($0.38) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.01. The company earned $21.72 million during the quarter. FuelCell Energy had a negative net margin of 34.72% and a negative return on equity of 45.82%. The firm’s revenue was down 47.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) EPS. Equities analysts predict that FuelCell Energy will post ($1.60) earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in FCEL. State Street Corp increased its stake in shares of FuelCell Energy by 11.2% in the first quarter. State Street Corp now owns 316,346 shares of the company’s stock worth $2,142,000 after buying an additional 31,942 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of FuelCell Energy by 22.9% in the first quarter. Geode Capital Management LLC now owns 176,235 shares of the company’s stock worth $1,193,000 after buying an additional 32,848 shares in the last quarter. Robecosam AG purchased a new stake in shares of FuelCell Energy during the first quarter worth about $900,000. Loeb Partners Corp increased its stake in shares of FuelCell Energy by 47.0% in the second quarter. Loeb Partners Corp now owns 228,046 shares of the company’s stock worth $1,419,000 after buying an additional 72,867 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of FuelCell Energy by 1.7% in the second quarter. California State Teachers Retirement System now owns 52,049 shares of the company’s stock worth $324,000 after buying an additional 867 shares in the last quarter. Institutional investors and hedge funds own 20.60% of the company’s stock.

About FuelCell Energy

FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.

5 Day Chart for NASDAQ:FCEL

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