Shares of FuelCell Energy (NASDAQ:FCEL) have been assigned an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.75.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded FuelCell Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. B. Riley reiterated a “buy” rating on shares of FuelCell Energy in a report on Friday, March 9th. Finally, Roth Capital upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2.00 to $4.00 in a report on Friday, February 9th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after purchasing an additional 32,376 shares during the period. Northern Trust Corp increased its holdings in FuelCell Energy by 22.0% during the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after purchasing an additional 29,141 shares during the period. KBC Group NV increased its holdings in FuelCell Energy by 45.2% during the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock worth $726,000 after purchasing an additional 130,667 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of FuelCell Energy by 657.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after acquiring an additional 76,290 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of FuelCell Energy by 80,189.2% in the 4th quarter. Deutsche Bank AG now owns 542,755 shares of the energy company’s stock valued at $922,000 after acquiring an additional 542,079 shares during the last quarter. Institutional investors own 15.96% of the company’s stock.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, March 8th. The energy company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The business had revenue of $38.61 million for the quarter, compared to analyst estimates of $32.27 million. FuelCell Energy had a negative return on equity of 46.40% and a negative net margin of 37.86%. The company’s quarterly revenue was up 127.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.39) EPS. equities analysts expect that FuelCell Energy will post -0.63 earnings per share for the current year.
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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