FuelCell Energy (NASDAQ:FCEL) Shares Gap Up to $0.43

Shares of FuelCell Energy Inc (NASDAQ:FCEL) gapped up prior to trading on Monday . The stock had previously closed at $0.44, but opened at $0.43. FuelCell Energy shares last traded at $0.46, with a volume of 800,172 shares trading hands.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Monday, September 16th. ValuEngine upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.13.

The firm has a 50 day simple moving average of $0.32 and a two-hundred day simple moving average of $0.49. The company has a market capitalization of $49.17 million, a PE ratio of -0.05 and a beta of 1.06. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

FuelCell Energy (NASDAQ:FCEL) last announced 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 return on equity of 60.21% and a negative net margin of 83.56%. The company had revenue of $22.71 million for the quarter, compared to the consensus estimate of $8.30 million. Research analysts expect that FuelCell Energy Inc will post -4.01 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in FuelCell Energy stock. Jane Street Group LLC purchased a new stake in FuelCell Energy Inc (NASDAQ:FCEL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 150,648 shares of the energy company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.55% of FuelCell Energy at the end of the most recent reporting period. Institutional investors own 3.14% of the company’s stock.

About FuelCell Energy (NASDAQ:FCEL)

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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