Separately, Zacks Investment Research raised shares of FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $2.17.
NASDAQ FCEL opened at $0.61 on Tuesday. The stock’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.49. The firm has a market capitalization of $131.23 million, a P/E ratio of -0.06 and a beta of 1.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.97. FuelCell Energy has a fifty-two week low of $0.13 and a fifty-two week high of $11.28.
A hedge fund recently bought a new position in FuelCell Energy stock. Jane Street Group LLC purchased a new stake in shares of FuelCell Energy Inc (NASDAQ:FCEL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 150,648 shares of the energy company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.55% of FuelCell Energy as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.69% of the company’s stock.
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.
See Also: Should I invest in “strong buy” stocks?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.