FuelCell Energy (NASDAQ:FCEL) Lowered to Hold at ValuEngine

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FuelCell Energy (NASDAQ:FCEL) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, ValuEngine reports.

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.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, September 9th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $22.71 million during the quarter, compared to analysts’ expectations of $8.30 million. As a group, sell-side analysts forecast that FuelCell Energy will post -3.97 EPS for the current year.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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