FuelCell Energy, Inc. (FCEL) Receives Neutral Rating from Roth Capital

Roth Capital reiterated their neutral rating on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a research report released on Tuesday. The brokerage currently has a $1.50 price objective on the energy company’s stock.

FCEL has been the subject of several other research reports. ValuEngine downgraded shares of FuelCell Energy from a sell rating to a strong sell rating in a report on Friday, June 2nd. Cowen and Company set a $2.00 target price on shares of FuelCell Energy and gave the stock a buy rating in a report on Monday, July 10th. Raymond James Financial, Inc. started coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They set a market perform rating for the company. Finally, Zacks Investment Research downgraded shares of FuelCell Energy from a buy rating to a hold rating in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. FuelCell Energy currently has an average rating of Hold and a consensus target price of $1.88.

FuelCell Energy (NASDAQ FCEL) opened at 1.50 on Tuesday. FuelCell Energy has a 12 month low of $0.80 and a 12 month high of $5.67. The stock’s 50 day moving average is $1.50 and its 200-day moving average is $1.35. The firm’s market cap is $89.36 million.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). The company had revenue of $10.36 million for the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The business’s quarterly revenue was down 52.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) EPS. On average, analysts anticipate that FuelCell Energy will post ($1.19) earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. KBC Group NV boosted its holdings in shares of FuelCell Energy by 36.8% during the 1st 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 during the period. Robecosam AG raised its stake in FuelCell Energy by 16.7% in the 1st quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock worth $998,000 after purchasing an additional 100,000 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in FuelCell Energy in the 1st quarter worth about $600,000. Bank of New York Mellon Corp raised its stake in FuelCell Energy by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after purchasing an additional 14,521 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after purchasing an additional 65,392 shares in the last quarter. 14.43% of the stock is owned by institutional investors and hedge funds.

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.

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