FuelCell Energy, Inc. (FCEL) Trading Down 0%
FuelCell Energy, Inc. (NASDAQ:FCEL) was down 0% during mid-day trading on Thursday . The company traded as low as $1.98 and last traded at $1.99. Approximately 2,053,565 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 2,430,000 shares. The stock had previously closed at $1.99.
A number of equities research analysts have recently issued reports on the stock. Cowen and Company set a $2.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, August 11th. FBR & Co reaffirmed a “hold” rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Raymond James Financial, Inc. assumed coverage on shares of FuelCell Energy in a research note on Tuesday, August 15th. They set a “market perform” rating on the stock. Finally, Roth Capital restated a “neutral” rating and issued a $1.50 target price on shares of FuelCell Energy in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target 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.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. During the same period in the prior year, the company posted ($0.38) earnings per share. The firm’s revenue was down 52.3% compared to the same quarter last year. sell-side analysts forecast that FuelCell Energy, Inc. will post -1.19 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of FCEL. Bank of New York Mellon Corp boosted its position in shares of FuelCell Energy by 13.3% in the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after acquiring an additional 14,521 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of FuelCell Energy in the first quarter valued at approximately $600,000. LMR Partners LLP bought a new stake in shares of FuelCell Energy in the second quarter valued at approximately $142,000. CNA Financial Corp boosted its position in shares of FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares during the period. 12.17% of the stock is owned by institutional investors.
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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