FuelCell Energy (NASDAQ:FCEL) Trading 6% Higher

FuelCell Energy Inc (NASDAQ:FCEL) traded up 6% on Friday . The stock traded as high as $0.40 and last traded at $0.37, 24,472,428 shares were traded during trading. An increase of 71% from the average session volume of 14,323,589 shares. The stock had previously closed at $0.35.

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

The stock has a market capitalization of $10.88 million, a price-to-earnings ratio of -0.04 and a beta of 1.18. The company has a 50 day moving average of $0.43 and a 200 day moving average of $0.51. The company has a quick ratio of 0.43, a current ratio of 0.94 and a debt-to-equity ratio of 1.20.



Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of FuelCell Energy in the second quarter worth $27,000. Loews Corp raised its holdings in FuelCell Energy by 100.0% during the first quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after buying an additional 67,825 shares in the last quarter. CNA Financial Corp grew its position in shares of FuelCell Energy by 100.0% in the first quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock valued at $281,000 after purchasing an additional 570,025 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FuelCell Energy by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock valued at $497,000 after purchasing an additional 64,539 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of FuelCell Energy by 2.7% in the fourth quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock valued at $495,000 after purchasing 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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