FuelCell Energy (FCEL) Downgraded by Roth Capital

FuelCell Energy (NASDAQ:FCEL) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $1.00 price target on the energy company’s stock. Roth Capital’s price objective suggests a potential upside of 29.30% from the company’s previous close.

A number of other research analysts also recently commented on FCEL. Zacks Investment Research raised shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. ValuEngine raised shares of FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, B. Riley set a $4.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. FuelCell Energy currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Shares of FCEL opened at $0.77 on Friday. FuelCell Energy has a one year low of $0.69 and a one year high of $2.17. The stock has a market capitalization of $71.87 million, a PE ratio of -0.70 and a beta of 1.77. The company has a quick ratio of 1.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.81.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. The firm had revenue of $12.11 million during the quarter, compared to the consensus estimate of $11.57 million. During the same period last year, the business earned ($0.31) EPS. On average, research analysts forecast that FuelCell Energy will post -0.77 earnings per share for the current fiscal year.

In related news, Director John A. Rolls bought 100,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of $0.75 per share, for a total transaction of $75,000.00. Following the purchase, the director now owns 417,274 shares in the company, valued at approximately $312,955.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.11% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FCEL. BlackRock Inc. lifted its stake in shares of FuelCell Energy by 385.2% during the 2nd quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock worth $6,364,000 after buying an additional 3,827,437 shares during the last quarter. Northern Trust Corp lifted its stake in shares of FuelCell Energy by 437.8% during the 2nd quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock worth $1,149,000 after buying an additional 708,722 shares during the last quarter. Levin Capital Strategies L.P. lifted its stake in shares of FuelCell Energy by 12.3% during the 2nd 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 last quarter. Vanguard Group Inc. lifted its stake in shares of FuelCell Energy by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock worth $4,069,000 after buying an additional 220,519 shares during the last quarter. Finally, Robecosam AG lifted its stake in shares of FuelCell Energy by 16.7% during the 3rd quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock worth $1,540,000 after buying an additional 200,000 shares during the last quarter. Institutional investors own 21.65% of the company’s stock.

FuelCell Energy Company Profile

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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