FuelCell Energy (NASDAQ:FCEL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a buy rating in a research report sent to investors on Monday, Zacks.com reports. They currently have $0.50 price objective on the energy company’s stock.

According to Zacks, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas. “

FCEL has been the topic of several other reports. CIBC reiterated a market perform rating on shares of FuelCell Energy in a research report on Thursday, June 6th. Oppenheimer lowered shares of FuelCell Energy from an outperform rating to a market perform rating in a research report on Thursday, June 6th. Cowen lowered shares of FuelCell Energy from an outperform rating to a market perform rating in a research report on Thursday, June 6th. Finally, ValuEngine lowered shares of FuelCell Energy from a sell rating to a strong sell rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. FuelCell Energy presently has a consensus rating of Hold and an average price target of $21.13.

Shares of FuelCell Energy stock opened at $0.37 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.49. FuelCell Energy has a twelve month low of $0.13 and a twelve month high of $13.68.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, September 9th. The energy company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($1.06) by $0.88. FuelCell Energy had a negative net margin of 83.56% and a negative return on equity of 60.21%. The business had revenue of $22.71 million for the quarter, compared to analyst estimates of $8.30 million. On average, equities analysts forecast that FuelCell Energy will post -4.01 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. CNA Financial Corp boosted its position in shares of FuelCell Energy by 100.0% during the 1st quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock valued at $281,000 after acquiring an additional 570,025 shares in the last quarter. Loews Corp lifted its holdings in FuelCell Energy by 100.0% during the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after purchasing an additional 67,825 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in FuelCell Energy during the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 21.00% 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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