Zacks Investment Research upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $2.00 price objective on the energy company’s stock.
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. “
A number of other equities research analysts also recently commented on the company. B. Riley reaffirmed a buy rating on shares of FuelCell Energy in a report on Friday, March 9th. Roth Capital raised FuelCell Energy from a neutral rating to a buy rating and lifted their target price for the stock from $2.00 to $4.00 in a report on Friday, February 9th. Finally, Cowen set a $3.00 target price on FuelCell Energy and gave the stock a buy rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $3.42.
Shares of FCEL stock opened at $1.81 on Wednesday. FuelCell Energy has a 52 week low of $0.80 and a 52 week high of $2.49. The firm has a market capitalization of $151.02, a PE ratio of -1.95 and a beta of 1.66. 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 released its earnings results on Thursday, March 8th. The energy company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. FuelCell Energy had a negative return on equity of 46.40% and a negative net margin of 37.86%. The firm had revenue of $38.61 million during the quarter, compared to the consensus estimate of $32.27 million. During the same quarter in the previous year, the company posted ($0.39) earnings per share. The company’s revenue was up 127.1% compared to the same quarter last year. research analysts forecast that FuelCell Energy will post -0.6 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in FuelCell Energy by 99.4% in 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 period. Goldman Sachs Group Inc. lifted its holdings in FuelCell Energy by 90.1% in 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 period. Robecosam AG lifted its holdings in FuelCell Energy by 26.3% in 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 period. KBC Group NV lifted its holdings in FuelCell Energy by 170.5% in 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 period. Finally, Bank of New York Mellon Corp lifted its holdings in FuelCell Energy by 154.5% in the fourth quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after acquiring an additional 37,661 shares during the period. 15.57% of the stock is owned by hedge funds and other institutional investors.
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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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