FuelCell Energy (NASDAQ:FCEL) Downgraded to “Market Perform” at Oppenheimer

FuelCell Energy (NASDAQ:FCEL) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, June 6th, Marketbeat Ratings reports.

FCEL has been the topic of several other reports. Cowen downgraded FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. Craig Hallum downgraded FuelCell Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. FuelCell Energy currently has an average rating of “Hold” and a consensus price target of $21.19.

Shares of FCEL stock traded up $0.07 during trading hours on Thursday, hitting $0.24. The company had a trading volume of 51,241,619 shares, compared to its average volume of 2,261,849. The company has a market cap of $4.84 million, a price-to-earnings ratio of -0.03 and a beta of 1.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.94 and a quick ratio of 0.43. FuelCell Energy has a 12 month low of $0.13 and a 12 month high of $17.52. The stock’s fifty day moving average is $0.84.

Hedge funds have recently bought and sold shares of the company. Loews Corp increased its position in shares of FuelCell Energy by 100.0% in the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after buying an additional 67,825 shares in the last quarter. Rhumbline Advisers increased its position in shares of FuelCell Energy by 38.2% in the 4th quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock valued at $59,000 after buying an additional 29,580 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of FuelCell Energy in the 4th quarter valued at $90,000. KBC Group NV increased its position in shares of FuelCell Energy by 37.8% in the 4th quarter. KBC Group NV now owns 329,667 shares of the energy company’s stock valued at $181,000 after buying an additional 90,391 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of FuelCell Energy by 21.2% in the 4th quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock valued at $186,000 after buying an additional 59,111 shares in the last quarter.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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