Shares of FuelCell Energy (NASDAQ:FCEL) rose 0% during trading on Friday . The stock traded as high as $1.80 and last traded at $1.80. Approximately 1,078,775 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 1,339,112 shares. The stock had previously closed at $1.80.
FCEL has been the subject of several analyst reports. Cowen set a $3.00 price objective on FuelCell Energy and gave the stock a “buy” rating in a research note on Thursday, January 11th. B. Riley reissued a “buy” rating on shares of FuelCell Energy in a research note on Friday, March 9th. Finally, Roth Capital raised FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2.00 to $4.00 in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. FuelCell Energy presently has an average rating of “Hold” and a consensus target price of $3.70.
The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, March 8th. The energy company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.04. The company had revenue of $38.61 million during the quarter, compared to the consensus estimate of $32.27 million. FuelCell Energy had a negative return on equity of 46.40% and a negative net margin of 37.86%. FuelCell Energy’s revenue was up 127.1% on a year-over-year basis. During the same period last year, the business posted ($0.39) earnings per share. analysts forecast that FuelCell Energy will post -0.6 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Robecosam AG increased its position in shares of FuelCell Energy by 26.3% during the third quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after acquiring an additional 250,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of FuelCell Energy by 99.4% during the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares during the last quarter. KBC Group NV increased its position in shares of FuelCell Energy by 170.5% during the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after acquiring an additional 147,155 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $651,000. Finally, Goldman Sachs Group Inc. increased its position in shares of FuelCell Energy by 90.1% during the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares during the last quarter. 16.30% of the stock is owned by institutional investors.
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.
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