Cowen and Company reiterated their buy rating on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a report issued on Sunday morning. Cowen and Company currently has a $2.50 target price on the energy company’s stock.
FCEL has been the subject of several other reports. FBR & Co restated a hold rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Zacks Investment Research upgraded FuelCell Energy from a sell rating to a hold rating in a research note on Tuesday, August 22nd. ValuEngine cut FuelCell Energy from a sell rating to a strong sell rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. assumed coverage on FuelCell Energy in a research note on Tuesday, August 15th. They set a market perform rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $1.88.
Shares of FuelCell Energy (NASDAQ:FCEL) opened at 1.49 on Friday. The company’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.36. The firm’s market capitalization is $88.76 million. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $5.67.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.08. FuelCell Energy had a negative return on equity of 51.88% and a negative net margin of 78.60%. The business had revenue of $10.36 million for the quarter, compared to the consensus estimate of $16.78 million. During the same quarter in the previous year, the company earned ($0.38) earnings per share. The firm’s revenue for the quarter was down 52.3% on a year-over-year basis. Analysts anticipate that FuelCell Energy will post ($1.19) EPS for the current year.
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Large investors have recently made changes to their positions in the company. KBC Group NV increased its holdings in shares of FuelCell Energy by 36.8% during the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock worth $119,000 after buying an additional 23,231 shares in the last quarter. LMR Partners LLP acquired a new position in shares of FuelCell Energy during the second quarter worth $142,000. Bank of New York Mellon Corp increased its holdings in shares of FuelCell Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after buying an additional 14,521 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the period. Finally, CNA Financial Corp increased its holdings in FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after purchasing an additional 155,367 shares during the period. Institutional investors own 14.43% of the company’s stock.
About FuelCell Energy
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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