Analysts’ Recent Ratings Changes for FuelCell Energy (FCEL)

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A number of firms have modified their ratings and price targets on shares of FuelCell Energy (NASDAQ: FCEL) recently:

  • 9/18/2018 – FuelCell Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/12/2018 – FuelCell Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/12/2018 – FuelCell Energy was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/7/2018 – FuelCell Energy was given a new $4.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 9/3/2018 – FuelCell Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/15/2018 – FuelCell Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of FCEL opened at $1.11 on Friday. The company has a market capitalization of $99.88 million, a price-to-earnings ratio of -1.00 and a beta of 1.71. FuelCell Energy Inc has a twelve month low of $1.00 and a twelve month high of $2.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.94 and a quick ratio of 1.23.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). The firm had revenue of $12.11 million during the quarter, compared to analyst estimates of $11.57 million. FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. During the same quarter last year, the business earned ($0.31) earnings per share. equities analysts predict that FuelCell Energy Inc will post -0.78 earnings per share for the current fiscal year.

In other news, Chairman John A. Rolls bought 152,000 shares of the stock in a transaction on Wednesday, June 27th. The stock was bought at an average cost of $1.31 per share, for a total transaction of $199,120.00. Following the completion of the purchase, the chairman now directly owns 317,274 shares in the company, valued at $415,628.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.11% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FCEL. KBC Group NV boosted its stake in FuelCell Energy by 45.2% in the first quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after acquiring an additional 130,667 shares in the last quarter. Northern Trust Corp lifted its stake in shares of FuelCell Energy by 22.0% during the first quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after buying an additional 29,141 shares during the period. BlackRock Inc. lifted its stake in shares of FuelCell Energy by 3.4% during the first quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after buying an additional 32,376 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of FuelCell Energy by 244.0% during the second quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after buying an additional 184,181 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of FuelCell Energy by 12.3% during the second quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock worth $3,562,000 after buying an additional 296,075 shares during the period. Institutional investors own 21.66% of the company’s stock.

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 power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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