FuelCell Energy (FCEL) Given a $2.00 Price Target at Roth Capital

Roth Capital set a $2.00 price objective on FuelCell Energy (NASDAQ:FCEL) in a research note published on Thursday. The firm currently has a hold rating on the energy company’s stock.

A number of other research analysts have also weighed in on the stock. Cowen set a $3.00 price objective on shares of FuelCell Energy and gave the company a buy rating in a research note on Thursday. B. Riley upgraded shares of FuelCell Energy from a neutral rating to a buy rating and lifted their price objective for the company from $2.50 to $3.50 in a research note on Friday. Zacks Investment Research lowered shares of FuelCell Energy from a hold rating to a sell rating in a research note on Wednesday, November 8th. CIBC began coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an outperform rating and a $4.00 price objective for the company. Finally, Oppenheimer began coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an outperform rating and a $4.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. FuelCell Energy presently has an average rating of Hold and an average target price of $3.17.

FuelCell Energy (FCEL) traded down $0.03 during trading on Thursday, reaching $1.98. 3,380,000 shares of the company were exchanged, compared to its average volume of 1,670,000. FuelCell Energy has a fifty-two week low of $0.80 and a fifty-two week high of $2.49. The stock has a market cap of $138.42, a price-to-earnings ratio of -1.38 and a beta of 1.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Thursday, January 11th. The energy company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.05. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business had revenue of $47.90 million during the quarter, compared to analyst estimates of $25.90 million. During the same period in the previous year, the business earned ($0.41) EPS. FuelCell Energy’s revenue was up 95.5% compared to the same quarter last year. equities research analysts anticipate that FuelCell Energy will post -1.19 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCEL. Goldman Sachs Group Inc. grew its position 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 valued at $171,000 after purchasing an additional 65,392 shares in the last quarter. KBC Group NV grew its position in shares of FuelCell Energy by 170.5% during 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 in the last quarter. CNA Financial Corp grew its position in shares of FuelCell Energy by 112.3% during 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 in the last quarter. Robecosam AG grew its position in shares of FuelCell Energy by 35.7% during the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of FuelCell Energy by 99.4% during 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 in the last quarter. Hedge funds and other institutional investors own 14.56% 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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