FuelCell Energy, Inc. (FCEL) Receives $3.00 Average Target Price from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $3.00.

FCEL has been the subject of a number of analyst reports. Cowen and Company set a $2.00 target price on FuelCell Energy and gave the stock a “buy” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. initiated coverage on FuelCell Energy in a research note on Tuesday, August 15th. They set a “market perform” rating for the company. Zacks Investment Research raised FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Oppenheimer Holdings, Inc. initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company. Finally, CIBC initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company.

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Shares of FuelCell Energy (NASDAQ FCEL) opened at 2.14 on Wednesday. FuelCell Energy has a 52-week low of $0.80 and a 52-week high of $5.40. The stock’s market capitalization is $131.58 million. The stock has a 50 day moving average price of $1.66 and a 200-day moving average price of $1.40.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.08). The company 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%. The firm’s revenue was down 52.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) earnings per share. On average, equities research analysts anticipate that FuelCell Energy will post ($1.20) EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of FuelCell Energy by 13.3% during the 1st 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 in the last quarter. KBC Group NV raised its stake in shares of FuelCell Energy by 36.8% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of FuelCell Energy by 90.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after buying an additional 65,392 shares in the last quarter. LMR Partners LLP purchased a new position in shares of FuelCell Energy during the 2nd quarter worth approximately $142,000. Finally, CNA Financial Corp raised its stake in shares of FuelCell Energy by 300.0% during the 2nd quarter. CNA Financial Corp now owns

FCEL has been the subject of a number of analyst reports. Cowen and Company set a $2.00 target price on FuelCell Energy and gave the stock a “buy” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. initiated coverage on FuelCell Energy in a research note on Tuesday, August 15th. They set a “market perform” rating for the company. Zacks Investment Research raised FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Oppenheimer Holdings, Inc. initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company. Finally, CIBC initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company.

ILLEGAL ACTIVITY NOTICE: “FuelCell Energy, Inc. (FCEL) Receives $3.00 Average Target Price from Analysts” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/19/fuelcell-energy-inc-fcel-receives-3-00-average-target-price-from-analysts.html.

Shares of FuelCell Energy (NASDAQ FCEL) opened at 2.14 on Wednesday. FuelCell Energy has a 52-week low of $0.80 and a 52-week high of $5.40. The stock’s market capitalization is $131.58 million. The stock has a 50 day moving average price of $1.66 and a 200-day moving average price of $1.40.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.08). The company 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%. The firm’s revenue was down 52.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) earnings per share. On average, equities research analysts anticipate that FuelCell Energy will post ($1.20) EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of FuelCell Energy by 13.3% during the 1st 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 in the last quarter. KBC Group NV raised its stake in shares of FuelCell Energy by 36.8% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of FuelCell Energy by 90.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after buying an additional 65,392 shares in the last quarter. LMR Partners LLP purchased a new position in shares of FuelCell Energy during the 2nd quarter worth approximately $142,000. Finally, CNA Financial Corp raised its stake in shares of FuelCell Energy by 300.0% during the 2nd 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 in the last quarter. 13.99% of the stock is owned by institutional investors and hedge funds.

About FuelCell Energy

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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