Zacks Investment Research downgraded shares of FuelCell Energy, Inc. (NASDAQ:FCEL) from a hold rating to a sell rating in a research note published on Wednesday, November 8th.
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. “
Several other research firms also recently commented on FCEL. Cowen and Company set a $2.00 price objective on FuelCell Energy and gave the stock a buy rating in a report on Friday, August 11th. Raymond James Financial, Inc. started coverage on FuelCell Energy in a research note on Tuesday, August 15th. They issued a market perform rating on the stock. FBR & Co reissued a hold rating on shares of FuelCell Energy in a research report on Tuesday, September 5th. Roth Capital restated a neutral rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of FuelCell Energy in a research report on Wednesday, October 4th. They set an outperform rating and a $4.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $2.90.
FuelCell Energy (NASDAQ:FCEL) opened at $1.58 on Wednesday. FuelCell Energy has a twelve month low of $0.80 and a twelve month high of $3.15. The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The business had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $16.78 million. During the same quarter last year, the business posted ($0.38) EPS. The company’s quarterly revenue was down 52.3% on a year-over-year basis. analysts predict that FuelCell Energy will post -1.19 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV boosted its holdings in 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 last quarter. Robecosam AG grew its holdings in FuelCell Energy by 26.3% during the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock worth $2,040,000 after acquiring an additional 250,000 shares in the last quarter. CNA Financial Corp grew its holdings in FuelCell Energy by 112.3% during the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after acquiring an additional 232,695 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 65,392 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings 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 buying an additional 946,548 shares in the last quarter. Hedge funds and other institutional investors own 12.50% of the company’s stock.
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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