FuelCell Energy Inc (NASDAQ:FCEL) has received a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.63.
A number of analysts recently issued reports on FCEL shares. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Cowen set a $3.00 price target on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Thursday, January 11th. B. Riley raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2.50 to $3.50 in a research note on Friday, January 12th. Finally, Roth Capital set a $2.00 price target on shares of FuelCell Energy and gave the stock a “hold” rating in a research note on Thursday, January 11th.
Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake 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 acquiring an additional 65,392 shares during the period. KBC Group NV increased its stake in FuelCell Energy by 170.5% during the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after buying an additional 147,155 shares during the period. CNA Financial Corp increased its stake in FuelCell Energy by 112.3% during the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after buying an additional 232,695 shares during the period. Robecosam AG increased its stake in FuelCell Energy by 35.7% during the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after buying an additional 250,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in FuelCell Energy by 99.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after buying an additional 946,548 shares during the period. 13.53% of the stock is currently owned by institutional investors and hedge funds.
FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.05. FuelCell Energy had a negative net margin of 56.35% and a negative return on equity of 51.62%. The firm had revenue of $47.90 million for the quarter, compared to analyst estimates of $25.90 million. During the same quarter last year, the business earned ($0.41) earnings per share. FuelCell Energy’s revenue was up 95.5% compared to the same quarter last year. sell-side analysts expect that FuelCell Energy will post -0.73 EPS for the current year.
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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.
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