Separately, Zacks Investment Research upgraded FuelCell Energy from a hold rating to a buy rating and set a $0.50 target price for the company in a research report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $21.13.
Shares of FCEL stock traded up $0.02 on Thursday, reaching $0.45. 27,599,416 shares of the stock were exchanged, compared to its average volume of 9,566,589. The stock has a market cap of $49.17 million, a PE ratio of -0.05 and a beta of 1.06. FuelCell Energy has a one year low of $0.13 and a one year high of $11.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.97 and a quick ratio of 0.37. The stock has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.48.
A hedge fund recently bought a new stake in FuelCell Energy stock. Jane Street Group LLC acquired a new position in shares of FuelCell Energy Inc (NASDAQ:FCEL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing. Institutional investors and hedge funds own 3.14% 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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