FuelCell Energy (NASDAQ:FCEL) has been assigned a $3.00 price target by research analysts at Cowen in a report released on Thursday. The brokerage presently has a “buy” rating on the energy company’s stock. Cowen’s price target suggests a potential upside of 49.25% from the company’s current price.

Other equities analysts also recently issued reports about the stock. B. Riley raised shares of FuelCell Energy to a “buy” rating and set a $4.00 target price for the company in a research note on Friday. CIBC assumed coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 target price for the company. Oppenheimer assumed coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 target price for the company. Finally, Zacks Investment Research downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.17.

FuelCell Energy (NASDAQ:FCEL) opened at $2.01 on Thursday. FuelCell Energy has a 12 month low of $0.80 and a 12 month high of $2.49. The firm has a market cap of $140.52, a PE ratio of -1.40 and a beta of 1.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.03. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The company had revenue of $47.90 million during the quarter, compared to the consensus estimate of $25.90 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue was up 95.5% on a year-over-year basis. sell-side analysts anticipate that FuelCell Energy will post -1.19 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 worth $2,354,000 after buying an additional 946,548 shares during the last quarter. Robecosam AG raised its stake 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 worth $2,040,000 after buying an additional 250,000 shares during the last quarter. CNA Financial Corp raised its stake in shares of FuelCell Energy by 112.3% during the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after buying an additional 232,695 shares during the last quarter. KBC Group NV raised its stake 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 worth $409,000 after buying an additional 147,155 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake 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 worth $171,000 after buying an additional 65,392 shares during the last quarter. 14.56% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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