FuelCell Energy (FCEL) Trading Down 5.9%
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.
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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