FuelCell Energy (NASDAQ:FCEL) Trading Up 9.2%

FuelCell Energy Inc (NASDAQ:FCEL)’s stock price traded up 9.2% during trading on Monday . The stock traded as high as $0.32 and last traded at $0.31, 8,654,583 shares were traded during mid-day trading. An increase of 3% from the average session volume of 8,435,096 shares. The stock had previously closed at $0.29.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of 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. ValuEngine downgraded shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.13.

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 firm has a market cap of $64.96 million, a PE ratio of -0.03 and a beta of 1.11. The company’s 50-day moving average is $0.34 and its 200 day moving average is $0.48.

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

An institutional investor recently bought a new position in FuelCell Energy stock. Jane Street Group LLC purchased a new stake in FuelCell Energy Inc (NASDAQ:FCEL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 150,648 shares of the energy company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.55% of FuelCell Energy as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 2.60% of the company’s stock.

FuelCell Energy Company Profile (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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