FuelCell Energy Inc (NASDAQ:FCEL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $0.40, but opened at $0.38. FuelCell Energy shares last traded at $0.36, with a volume of 428,203 shares.

A number of brokerages have recently commented on FCEL. Zacks Investment Research lowered shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. ValuEngine upgraded shares of FuelCell Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Oppenheimer lowered shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. Cowen lowered shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. Finally, CIBC reiterated a “market perform” rating on shares of FuelCell Energy in a report on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.19.

The company has a market cap of $10.42 million, a price-to-earnings ratio of -0.04 and a beta of 1.18. The business’s fifty day moving average price is $0.44 and its 200 day moving average price is $0.51. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.94 and a quick ratio of 0.43.

Several large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in FuelCell Energy in the 2nd quarter worth approximately $27,000. Loews Corp lifted its stake in FuelCell Energy by 100.0% in the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock worth $33,000 after purchasing an additional 67,825 shares in the last quarter. CNA Financial Corp lifted its stake 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 increased its holdings in shares of 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 buying an additional 64,539 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 buying an additional 23,584 shares during the last quarter.

About FuelCell Energy (NASDAQ:FCEL)

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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