FuelCell Energy (NASDAQ:FCEL) Upgraded at ValuEngine

ValuEngine upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a buy rating in a research note released on Thursday, ValuEngine reports.

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.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, September 9th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.88. The firm had revenue of $22.71 million for the quarter, compared to the consensus estimate of $8.30 million. FuelCell Energy had a negative return on equity of 60.21% and a negative net margin of 83.56%. As a group, research analysts predict that FuelCell Energy will post -3.97 EPS for the current year.

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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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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