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Separately, Zacks Investment Research upgraded FuelCell Energy from a hold rating to a buy rating and set a $0.50 price target on the stock in a research note on Monday, September 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $21.13.
Shares of NASDAQ FCEL traded up $0.03 during midday trading on Thursday, hitting $0.43. 33,330,100 shares of the company’s stock were exchanged, compared to its average volume of 9,483,414. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.97 and a quick ratio of 0.37. FuelCell Energy has a twelve month low of $0.13 and a twelve month high of $11.28. The company has a market cap of $49.17 million, a PE ratio of -0.05 and a beta of 1.06. The firm’s fifty day simple moving average is $0.32 and its 200-day simple moving average is $0.48.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Monday, September 9th. The energy company reported ($0.18) earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $22.71 million for the quarter, compared to the consensus estimate of $8.30 million. Equities analysts anticipate that FuelCell Energy will post -4.01 EPS for the current fiscal year.
A hedge fund recently bought a new stake in FuelCell Energy stock. Jane Street Group LLC bought a new position in shares of FuelCell Energy Inc (NASDAQ:FCEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 (SEC). 3.14% of the stock is owned by 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 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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