FuelCell Energy Inc (NASDAQ:FCEL) shares dropped 10.3% on Thursday . The company traded as low as $0.25 and last traded at $0.26. Approximately 4,798,963 shares traded hands during trading, an increase of 53% from the average daily volume of 3,137,953 shares. The stock had previously closed at $0.29.

FCEL has been the subject of a number of research reports. B. Riley set a $3.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a research report on Friday, January 11th. Cowen set a $3.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Craig Hallum cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. FuelCell Energy has a consensus rating of “Hold” and an average target price of $1.94.

The company has a market cap of $36.42 million, a P/E ratio of -0.33 and a beta of 1.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.71 and a current ratio of 1.33.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, March 7th. The energy company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.16). The business had revenue of $17.78 million for the quarter, compared to analysts’ expectations of $11.50 million. FuelCell Energy had a negative net margin of 88.47% and a negative return on equity of 53.97%. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, analysts forecast that FuelCell Energy Inc will post -0.7 EPS for the current year.

Several hedge funds have recently made changes to their positions in FCEL. Northern Trust Corp lifted its stake in shares of FuelCell Energy by 437.8% during the 2nd quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock valued at $1,149,000 after buying an additional 708,722 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FuelCell Energy by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after buying an additional 220,519 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of FuelCell Energy by 6.2% during the 3rd quarter. Vanguard Group Inc now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after buying an additional 220,519 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at approximately $39,000. Finally, KBC Group NV lifted its stake in shares of FuelCell Energy by 37.8% during 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. Institutional investors own 15.80% of the company’s stock.

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About FuelCell Energy (NASDAQ:FCEL)

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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