Separately, Zacks Investment Research upgraded FuelCell Energy from a hold rating to a buy rating and set a $0.50 price target on the stock in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $21.13.
NASDAQ:FCEL traded up $0.05 during mid-day trading on Thursday, reaching $0.87. 29,426,900 shares of the stock were exchanged, compared to its average volume of 11,071,179. The company has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.50. The stock has a market capitalization of $172.14 million, a P/E ratio of -0.09 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 0.94. FuelCell Energy has a 1 year low of $0.13 and a 1 year high of $11.28.
An institutional investor recently bought a new position in FuelCell Energy stock. Jane Street Group LLC acquired a new position in shares of FuelCell Energy Inc (NASDAQ:FCEL) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 150,648 shares of the energy company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.55% of FuelCell Energy at the end of the most recent quarter. 3.48% of the stock is owned by institutional investors and hedge funds.
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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