FuelCell Energy Inc (NASDAQ:FCEL) gapped up prior to trading on Monday . The stock had previously closed at $1.52, but opened at $1.48. FuelCell Energy shares last traded at $1.38, with a volume of 38262 shares trading hands.
FCEL has been the topic of a number of recent research reports. Zacks Investment Research lowered FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. B. Riley reissued a “buy” rating on shares of FuelCell Energy in a research report on Friday, March 9th. Finally, ValuEngine raised FuelCell Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.50.
The stock has a market capitalization of $124.65 million, a price-to-earnings ratio of -1.23 and a beta of 1.54. The company has a quick ratio of 1.62, a current ratio of 2.33 and a debt-to-equity ratio of 0.81.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, June 7th. The energy company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06). The company had revenue of $20.83 million for the quarter, compared to analyst estimates of $20.43 million. FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. During the same period last year, the firm earned ($0.33) EPS. equities research analysts predict that FuelCell Energy Inc will post -0.71 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of FuelCell Energy by 657.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock worth $149,000 after purchasing an additional 76,290 shares during the last quarter. Geode Capital Management LLC increased its position in shares of FuelCell Energy by 27.6% during the 4th quarter. Geode Capital Management LLC now owns 367,979 shares of the energy company’s stock worth $625,000 after purchasing an additional 79,572 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of FuelCell Energy during the 4th quarter worth approximately $651,000. Deutsche Bank AG increased its position in shares of FuelCell Energy by 80,189.2% during the 4th quarter. Deutsche Bank AG now owns 542,755 shares of the energy company’s stock worth $922,000 after purchasing an additional 542,079 shares during the last quarter. Finally, KBC Group NV increased its position in shares of FuelCell Energy by 23.8% during the 4th quarter. KBC Group NV now owns 289,051 shares of the energy company’s stock worth $491,000 after purchasing an additional 55,586 shares during the last quarter. 15.16% of the stock is currently owned by hedge funds and other institutional investors.
About FuelCell Energy
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 power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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