FuelCell Energy Inc (NASDAQ:FCEL) was down 5.9% during mid-day trading on Monday . The company traded as low as $1.75 and last traded at $1.75. Approximately 1,476,732 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 1,350,814 shares. The stock had previously closed at $1.86.

A number of equities research analysts recently issued reports on FCEL shares. Cowen reiterated a “buy” rating and issued a $2.50 price objective on shares of FuelCell Energy in a report on Sunday, September 10th. FBR & Co reiterated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Roth Capital reiterated a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. Finally, B. Riley reiterated a “neutral” rating on shares of FuelCell Energy in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $2.90.

The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36.

A number of institutional investors have recently added to or reduced their stakes in FCEL. Vanguard Group Inc. lifted its position in FuelCell Energy by 99.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after acquiring an additional 946,548 shares during the last quarter. Robecosam AG lifted its position in FuelCell Energy by 35.7% during the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after acquiring an additional 250,000 shares during the last quarter. CNA Financial Corp lifted its position in FuelCell Energy by 112.3% during the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after acquiring an additional 232,695 shares during the last quarter. KBC Group NV lifted its position in FuelCell Energy by 170.5% during the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after acquiring an additional 147,155 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in FuelCell Energy during the 2nd quarter worth $142,000. 14.58% of the stock is owned by hedge funds and other institutional investors.

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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.

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