FuelCell Energy (FCEL) Given a $2.00 Price Target at Roth Capital

FuelCell Energy (NASDAQ:FCEL) received a $2.00 price target from investment analysts at Roth Capital in a report issued on Thursday. The brokerage presently has a “hold” rating on the energy company’s stock. Roth Capital’s price objective suggests a potential downside of 0.50% from the stock’s current price.

FCEL has been the topic of a number of other reports. Cowen set a $3.00 price target on FuelCell Energy and gave the company a “buy” rating in a report on Thursday. CIBC assumed coverage on FuelCell Energy in a report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price on the stock. B. Riley reiterated a “neutral” rating on shares of FuelCell Energy in a report on Wednesday, November 1st. Oppenheimer assumed coverage on FuelCell Energy in a report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price on the stock. Finally, Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.17.

Shares of FuelCell Energy (FCEL) opened at $2.01 on Thursday. The company has a market capitalization of $140.52, a PE ratio of -1.40 and a beta of 1.95. FuelCell Energy has a twelve month low of $0.80 and a twelve month high of $2.49. The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, January 11th. The energy company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. The company had revenue of $47.90 million for the quarter, compared to analyst estimates of $25.90 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The company’s quarterly revenue was up 95.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) earnings per share. sell-side analysts anticipate that FuelCell Energy will post -1.19 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Robecosam AG raised its holdings in FuelCell Energy by 26.3% during the third quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock worth $2,040,000 after acquiring an additional 250,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in FuelCell Energy by 99.4% during the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after acquiring an additional 946,548 shares in the last quarter. KBC Group NV raised its holdings in FuelCell Energy by 170.5% during the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after acquiring an additional 147,155 shares in the last quarter. CNA Financial Corp raised its holdings in FuelCell Energy by 112.3% during the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after acquiring an additional 232,695 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in FuelCell Energy by 90.1% during the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after acquiring an additional 65,392 shares in the last quarter. Institutional investors and hedge funds own 14.56% of the company’s stock.

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FuelCell Energy Company Profile

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.

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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