FuelCell Energy (NASDAQ:FCEL) Trading 5.7% Higher

FuelCell Energy Inc (NASDAQ:FCEL)’s stock price traded up 5.7% during mid-day trading on Wednesday . The stock traded as high as $0.60 and last traded at $0.56, 16,352,646 shares traded hands during mid-day trading. An increase of 43% from the average session volume of 11,421,403 shares. The stock had previously closed at $0.53.

Several research analysts have recently issued reports on the company. 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 note on Monday, September 16th. ValuEngine cut FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Craig Hallum assumed coverage on FuelCell Energy in a research note on Wednesday. They issued a “hold” rating and a $0.50 price target for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1.75.

The company has a market cap of $109.10 million, a P/E ratio of -0.07 and a beta of 1.82. The company has a 50 day moving average price of $0.56 and a 200-day moving average price of $0.46. 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 quarterly earnings results on Monday, September 9th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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. On average, research analysts expect that FuelCell Energy Inc will post -3.97 earnings per share for the current fiscal year.

An institutional investor recently raised its position in FuelCell Energy stock. Squarepoint Ops LLC lifted its holdings in FuelCell Energy Inc (NASDAQ:FCEL) by 1,562.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 651,090 shares of the energy company’s stock after purchasing an additional 611,926 shares during the quarter. Squarepoint Ops LLC owned 0.34% of FuelCell Energy worth $213,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.69% 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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