FuelCell Energy (FCEL) Trading Up 15%

Shares of FuelCell Energy Inc (NASDAQ:FCEL) were up 15% during trading on Tuesday . The stock traded as high as $0.26 and last traded at $0.26. Approximately 4,838,029 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 3,352,794 shares. The stock had previously closed at $0.23.

Several analysts have commented on FCEL shares. Zacks Investment Research lowered shares of FuelCell Energy from a “buy” rating to a “sell” rating in a research report on Tuesday, January 15th. B. Riley set a $3.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, January 11th. Cowen set a $3.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Craig Hallum downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $1.94.

The company has a market capitalization of $27.21 million, a price-to-earnings ratio of -0.33 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.71 and a current ratio of 1.33.



FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, March 7th. The energy company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.16). The business had revenue of $17.78 million during the quarter, compared to analysts’ expectations of $11.50 million. FuelCell Energy had a negative return on equity of 53.97% and a negative net margin of 88.47%. During the same quarter in the previous year, the business earned ($0.12) EPS. As a group, analysts expect that FuelCell Energy Inc will post -0.7 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of FuelCell Energy by 10.5% in the fourth quarter. BlackRock Inc. now owns 5,361,175 shares of the energy company’s stock worth $2,951,000 after purchasing an additional 510,542 shares in the last quarter. Vanguard Group Inc grew its stake in FuelCell Energy by 6.2% during the third quarter. Vanguard Group Inc now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after acquiring an additional 220,519 shares in the last quarter. Vanguard Group Inc. grew its stake in FuelCell Energy by 6.2% during the third quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after acquiring an additional 220,519 shares in the last quarter. Geode Capital Management LLC grew its stake in FuelCell Energy by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock valued at $497,000 after acquiring an additional 64,539 shares in the last quarter. Finally, Northern Trust Corp grew its stake in FuelCell Energy by 2.7% during the fourth quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock valued at $495,000 after acquiring an additional 23,584 shares in the last quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

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FuelCell Energy Company Profile (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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