FuelCell Energy (NASDAQ:FCEL) Shares Gap Up to $2.28

FuelCell Energy Inc (NASDAQ:FCEL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.20, but opened at $2.28. FuelCell Energy shares last traded at $2.52, with a volume of 26,502,405 shares changing hands.

A number of equities analysts have weighed in on FCEL shares. Craig Hallum downgraded FuelCell Energy from a “hold” rating to a “sell” rating and set a $1.50 price target on the stock. in a research report on Friday, June 12th. Oppenheimer began coverage on FuelCell Energy in a report on Friday, June 12th. They set a “hold” rating on the stock. BidaskClub upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Thursday, June 4th. Zacks Investment Research cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, ValuEngine lowered shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.13.

The business has a fifty day moving average price of $2.29 and a 200-day moving average price of $1.89. The company has a current ratio of 2.12, a quick ratio of 1.07 and a debt-to-equity ratio of 3.59.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Friday, June 12th. The energy company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). FuelCell Energy had a negative return on equity of 63.60% and a negative net margin of 138.48%. The firm had revenue of $18.88 million for the quarter, compared to analyst estimates of $12.90 million. On average, equities research analysts expect that FuelCell Energy Inc will post -0.22 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of FuelCell Energy in the first quarter valued at about $267,000. Charles Schwab Investment Management Inc. bought a new stake in FuelCell Energy in the 4th quarter valued at about $275,000. KBC Group NV boosted its holdings in FuelCell Energy by 660.8% in the 4th quarter. KBC Group NV now owns 573,155 shares of the energy company’s stock valued at $1,439,000 after purchasing an additional 497,818 shares during the period. ETRADE Capital Management LLC acquired a new position in shares of FuelCell Energy during the 1st quarter worth approximately $37,000. Finally, GSA Capital Partners LLP bought a new position in shares of FuelCell Energy during the first quarter worth approximately $26,000. 13.16% 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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