Shares of FuelCell Energy Inc (NASDAQ:FCEL) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.25.

FCEL has been the topic of a number of recent research reports. Cowen reiterated a “market perform” rating and issued a $113.00 target price (down previously from $115.00) on shares of Landstar System in a research report on Thursday, June 6th. Oppenheimer initiated coverage on Southwestern Energy in a research report on Thursday, June 6th. They issued a “market perform” rating on the stock. CIBC upped their target price on Dollarama from C$37.00 to C$44.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in FuelCell Energy by 10.5% in the fourth quarter. BlackRock Inc. now owns 5,361,175 shares of the energy company’s stock valued at $2,951,000 after buying an additional 510,542 shares during the last quarter. CNA Financial Corp boosted its position in FuelCell Energy by 100.0% in the 1st quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock worth $281,000 after purchasing an additional 570,025 shares in the last quarter. Geode Capital Management LLC boosted its position in FuelCell Energy by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock worth $497,000 after purchasing an additional 64,539 shares in the last quarter. Northern Trust Corp boosted its position in FuelCell Energy by 2.7% in the 4th quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock worth $495,000 after purchasing an additional 23,584 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in FuelCell Energy by 21.2% in the 4th quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock worth $186,000 after purchasing an additional 59,111 shares in the last quarter.

Shares of FCEL stock traded up $0.04 during trading hours on Friday, reaching $0.35. 41,745,211 shares of the company’s stock were exchanged, compared to its average volume of 34,750,152. The firm has a fifty day moving average price of $0.52. The stock has a market cap of $9.57 million, a PE ratio of -0.04 and a beta of 1.07. FuelCell Energy has a 1 year low of $0.13 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.43 and a current ratio of 0.94.

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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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