FuelCell Energy, Inc. (FCEL) Shares Gap Up to $2.26
FuelCell Energy, Inc. (NASDAQ:FCEL) shares gapped up prior to trading on Friday . The stock had previously closed at $2.17, but opened at $2.26. FuelCell Energy shares last traded at $2.28, with a volume of 2,173,215 shares traded.
Several research analysts have recently commented on FCEL shares. Cowen and Company set a $2.00 target price on FuelCell Energy and gave the stock a “buy” rating in a report on Friday, August 11th. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Raymond James Financial, Inc. initiated coverage on shares of FuelCell Energy in a research report on Tuesday, August 15th. They issued a “market perform” rating for the company. Finally, Roth Capital restated a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $2.90.
The company’s 50 day moving average is $1.61 and its 200 day moving average is $1.39. The firm’s market capitalization is $138.96 million.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.08). The business had revenue of $10.36 million for the quarter, compared to analyst estimates of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. FuelCell Energy’s revenue for the quarter was down 52.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.38) EPS. On average, equities analysts forecast that FuelCell Energy, Inc. will post ($1.20) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV raised its stake in FuelCell Energy by 36.8% during the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock worth $119,000 after buying an additional 23,231 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in FuelCell Energy during the first quarter worth $600,000. Bank of New York Mellon Corp raised its stake in FuelCell Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after buying an additional 14,521 shares during the last quarter. CNA Financial Corp raised its stake in FuelCell Energy by 300.0% during the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after buying an additional 155,367 shares during the last quarter. Finally, Robecosam AG raised its stake in FuelCell Energy by 35.7% during the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after buying an additional 250,000 shares during the last quarter. 13.99% of the stock is owned by institutional investors and hedge funds.
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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.
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