Shares of FuelCell Energy Inc (NASDAQ:FCEL) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $3.80.

Several research firms have commented on FCEL. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, B. Riley set a $4.00 price target on FuelCell Energy and gave the company a “buy” rating in a report on Friday, September 7th.

Shares of NASDAQ FCEL traded up $0.04 during trading hours on Wednesday, hitting $1.11. 7,844 shares of the company’s stock were exchanged, compared to its average volume of 1,140,526. FuelCell Energy has a 1-year low of $1.00 and a 1-year high of $2.49. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.23 and a current ratio of 1.94. The stock has a market capitalization of $98.94 million, a PE ratio of -0.97 and a beta of 1.71.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. The business had revenue of $12.11 million for the quarter, compared to analyst estimates of $11.57 million. During the same period in the prior year, the firm posted ($0.31) EPS. equities research analysts forecast that FuelCell Energy will post -0.78 EPS for the current fiscal year.

In other news, Chairman John A. Rolls purchased 152,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was purchased at an average price of $1.31 per share, with a total value of $199,120.00. Following the acquisition, the chairman now directly owns 317,274 shares in the company, valued at approximately $415,628.94. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.11% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FCEL. KBC Group NV grew its stake in shares of FuelCell Energy by 45.2% in the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after purchasing an additional 130,667 shares during the period. Northern Trust Corp grew its position in FuelCell Energy by 22.0% during the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after acquiring an additional 29,141 shares during the last quarter. BlackRock Inc. grew its position in FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after acquiring an additional 32,376 shares during the last quarter. Bank of New York Mellon Corp grew its position in FuelCell Energy by 244.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after acquiring an additional 184,181 shares during the last quarter. Finally, Levin Capital Strategies L.P. grew its position in FuelCell Energy by 12.3% during the 2nd quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock worth $3,562,000 after acquiring an additional 296,075 shares during the last quarter. Institutional investors own 21.66% of the company’s stock.

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 power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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