Roth Capital Analysts Give FuelCell Energy (FCEL) a $2.00 Price Target

Roth Capital set a $2.00 price target on FuelCell Energy (NASDAQ:FCEL) in a research report released on Thursday. The brokerage currently has a hold rating on the energy company’s stock.

A number of other analysts have also recently weighed in on FCEL. B. Riley reaffirmed a neutral rating on shares of FuelCell Energy in a research report on Wednesday, November 1st. Cowen set a $3.00 price objective on FuelCell Energy and gave the stock a buy rating in a research report on Thursday. Oppenheimer began coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an outperform rating and a $4.00 price objective for the company. CIBC began coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an outperform rating and a $4.00 price objective for the company. Finally, Zacks Investment Research cut FuelCell Energy from a hold rating to a sell rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $3.17.

Shares of FuelCell Energy (FCEL) opened at $1.98 on Thursday. FuelCell Energy has a 1 year low of $0.80 and a 1 year high of $2.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.36 and a current ratio of 2.71. The firm has a market capitalization of $149.84, a P/E ratio of -1.65 and a beta of 1.95.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, January 11th. The energy company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.05. FuelCell Energy had a negative return on equity of 51.53% and a negative net margin of 56.35%. The company had revenue of $47.90 million during the quarter, compared to analysts’ expectations of $25.90 million. During the same period last year, the firm earned ($0.41) EPS. The firm’s revenue for the quarter was up 95.5% on a year-over-year basis. equities analysts predict that FuelCell Energy will post -0.69 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of FuelCell Energy by 170.5% in the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after buying an additional 147,155 shares during the period. Robecosam AG lifted its holdings in shares of FuelCell Energy by 26.3% in the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after buying an additional 250,000 shares during the period. CNA Financial Corp lifted its holdings in shares of FuelCell Energy by 112.3% in the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after buying an additional 232,695 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after buying an additional 65,392 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after buying an additional 946,548 shares during the period. 14.56% of the stock is owned by institutional investors and hedge funds.

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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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