FuelCell Energy (NASDAQ:FCEL) Shares Gap Down to $0.36

FuelCell Energy Inc (NASDAQ:FCEL) shares gapped down before the market opened on Monday . The stock had previously closed at $0.38, but opened at $0.36. FuelCell Energy shares last traded at $0.31, with a volume of 333,363 shares traded.

A number of analysts have commented on FCEL shares. ValuEngine cut FuelCell Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 12th. Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.13.

The stock has a 50-day simple moving average of $0.36 and a 200 day simple moving average of $0.48. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a market cap of $46.26 million, a price-to-earnings ratio of -0.03 and a beta of 1.11.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, September 9th. The energy company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.06) by $0.88. FuelCell Energy had a negative return on equity of 60.21% and a negative net margin of 83.56%. The company had revenue of $22.71 million during the quarter, compared to analysts’ expectations of $8.30 million. As a group, research analysts forecast that FuelCell Energy Inc will post -4.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. CNA Financial Corp lifted its position in FuelCell Energy by 100.0% during the 1st quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock worth $281,000 after acquiring an additional 570,025 shares during the period. Loews Corp lifted its holdings in shares of FuelCell Energy by 100.0% in the 1st 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 during the period. Finally, Jane Street Group LLC acquired a new position in shares of FuelCell Energy in the 2nd quarter valued at about $27,000. 4.57% of the stock is owned by institutional investors.

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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