FuelCell Energy, Inc. (FCEL) Trading Up 6.1%

FuelCell Energy, Inc. (NASDAQ:FCEL) shares were up 6.1% during trading on Tuesday . The company traded as high as $1.57 and last traded at $1.56. Approximately 2,208,449 shares were traded during trading, an increase of 102% from the average daily volume of 1,095,980 shares. The stock had previously closed at $1.47.

A number of research analysts have recently commented on FCEL shares. Cowen and Company reaffirmed a “buy” rating and set a $2.50 target price on shares of FuelCell Energy in a research note on Sunday, September 10th. Raymond James Financial, Inc. started coverage on FuelCell Energy in a research note on Tuesday, August 15th. They set a “market perform” rating on the stock. Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Tuesday, May 30th. Finally, ValuEngine cut FuelCell Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $1.88.

The firm’s market cap is $101.45 million. The company’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.35.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.08). The firm had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The firm’s quarterly revenue was down 52.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) EPS. Equities analysts forecast that FuelCell Energy, Inc. will post ($1.19) EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of FuelCell Energy by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after buying an additional 14,521 shares during the period. KBC Group NV raised its position in shares of FuelCell Energy by 36.8% during the 1st quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after buying an additional 23,231 shares during the period. Goldman Sachs Group Inc. raised its position in shares of FuelCell Energy by 90.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after buying an additional 65,392 shares during the period. Robecosam AG raised its position in shares of FuelCell Energy by 16.7% during the 1st quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after buying an additional 100,000 shares during the period. Finally, LMR Partners LLP purchased a new stake in shares of FuelCell Energy during the 2nd quarter valued at approximately $142,000. 13.99% of the stock is currently owned by hedge funds and other institutional investors.

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FuelCell Energy Company Profile

Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.

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