FuelCell Energy Inc (NASDAQ:FCEL) shares rose 43.6% during trading on Wednesday . The company traded as high as $0.56 and last traded at $0.79, approximately 5,018,118 shares changed hands during trading. A decline of 49% from the average daily volume of 9,762,515 shares. The stock had previously closed at $0.55.

FCEL has been the topic of a number of analyst reports. Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Monday, September 16th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $21.13.

The stock has a market cap of $105.52 million, a P/E ratio of -0.09 and a beta of 1.06. The business has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.50. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 0.94.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Monday, September 9th. The energy company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.88. The firm had revenue of $22.71 million for the quarter, compared to analysts’ expectations of $8.30 million. FuelCell Energy had a negative return on equity of 60.21% and a negative net margin of 83.56%. On average, research analysts expect that FuelCell Energy Inc will post -3.97 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in FuelCell Energy stock. Jane Street Group LLC bought a new stake in shares of FuelCell Energy Inc (NASDAQ:FCEL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 150,648 shares of the energy company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.55% of FuelCell Energy as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.13% of the company’s stock.

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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