FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price was up 5.1% on Monday . The company traded as high as $1.88 and last traded at $1.84. Approximately 2,194,009 shares changed hands during trading, an increase of 97% from the average daily volume of 1,115,020 shares. The stock had previously closed at $1.75.

Several equities analysts recently issued reports on FCEL shares. Cowen and Company set a $2.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a report on Monday, July 10th. Raymond James Financial, Inc. started coverage on FuelCell Energy in a report on Tuesday, August 15th. They set a “market perform” rating for the company. Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Roth Capital reiterated a “neutral” rating and set a $1.50 price target on shares of FuelCell Energy in a report on Tuesday, September 12th. Finally, FBR & Co reissued a “hold” rating on shares of FuelCell Energy in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $1.88.

The firm’s market cap is $113.13 million. The stock has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.37.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.08). The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The firm’s revenue for the quarter was down 52.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.38) earnings per share. On average, equities analysts anticipate that FuelCell Energy, Inc. will post ($1.20) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV grew its position in shares of FuelCell Energy by 36.8% in the 1st quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock worth $119,000 after buying an additional 23,231 shares during the last quarter. LMR Partners LLP bought a new position in shares of FuelCell Energy during the second quarter valued at approximately $142,000. Bank of New York Mellon Corp raised its holdings in shares of FuelCell Energy by 13.3% during 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of FuelCell Energy by 90.1% during the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares in the last quarter. Finally, CNA Financial Corp raised its holdings in shares of FuelCell Energy by 300.0% during 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 in the last quarter. Institutional investors and hedge funds own 13.99% of the company’s stock.

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FuelCell Energy Company Profile

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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