Zacks Investment Research upgraded shares of FuelCell Energy Inc. (NASDAQ:FCEL) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas. “

FCEL has been the subject of several other research reports. FBR & Co downgraded FuelCell Energy from an outperform rating to a market perform rating and lowered their price target for the stock from $9.00 to $5.50 in a report on Wednesday, October 26th. Roth Capital downgraded FuelCell Energy from a buy rating to a hold rating and lowered their price target for the stock from $7.50 to $4.00 in a report on Tuesday, October 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $11.50.

Shares of FuelCell Energy (NASDAQ:FCEL) opened at 2.875 on Thursday. FuelCell Energy has a 12-month low of $2.70 and a 12-month high of $10.74. The company has a 50-day moving average of $3.92 and a 200 day moving average of $5.22. The stock’s market capitalization is $96.43 million.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Wednesday, September 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.01. The business earned $21.72 million during the quarter. FuelCell Energy had a negative return on equity of 45.82% and a negative net margin of 34.72%. FuelCell Energy’s revenue was down 47.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) EPS. Analysts predict that FuelCell Energy will post ($1.68) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FCEL. Stifel Financial Corp bought a new position in shares of FuelCell Energy during the second quarter worth about $138,000. RobecoSam USA Inc. boosted its stake in FuelCell Energy by 122.7% in the second quarter. RobecoSam USA Inc. now owns 24,500 shares of the company’s stock worth $152,000 after buying an additional 13,500 shares during the period. KCG Holdings Inc. acquired a new stake in FuelCell Energy during the third quarter worth approximately $143,000. Jane Street Group LLC acquired a new stake in FuelCell Energy during the second quarter worth approximately $171,000. Finally, First Trust Advisors LP boosted its stake in FuelCell Energy by 0.9% in the second quarter. First Trust Advisors LP now owns 28,480 shares of the company’s stock worth $177,000 after buying an additional 262 shares during the period. 22.08% of the stock is owned by institutional investors.

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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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