FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price traded up 9.9% during mid-day trading on Friday . The stock traded as high as $2.06 and last traded at $2.00. 4,066,900 shares changed hands during trading, an increase of 200% from the average session volume of 1,355,418 shares. The stock had previously closed at $1.82.

Several equities analysts have recently issued reports on the company. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a research report on Tuesday, September 5th. Roth Capital restated a “neutral” rating and set a $1.50 target price on shares of FuelCell Energy in a research report on Tuesday, September 12th. CIBC assumed coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company. B. Riley restated a “neutral” rating on shares of FuelCell Energy in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $2.90.

The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70.

Several institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV grew its position in shares of FuelCell Energy by 170.5% in the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after purchasing an additional 147,155 shares during the period. Robecosam AG grew its position in shares of FuelCell Energy by 26.3% in the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 250,000 shares during the period. CNA Financial Corp grew its position in shares of FuelCell Energy by 112.3% in the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after purchasing an additional 232,695 shares during the period. Goldman Sachs Group Inc. grew its position in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after purchasing an additional 946,548 shares during the period. Institutional investors and hedge funds own 14.58% 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.

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