FuelCell Energy (FCEL) Shares Gap Up to $0.29

Shares of FuelCell Energy Inc (NASDAQ:FCEL) gapped up prior to trading on Thursday . The stock had previously closed at $0.29, but opened at $0.29. FuelCell Energy shares last traded at $0.28, with a volume of 66764 shares changing hands.

A number of brokerages have issued reports on FCEL. Craig Hallum lowered FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. B. Riley set a $3.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, January 11th. Finally, Cowen set a $3.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $1.94.

The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $37.57 million, a price-to-earnings ratio of -0.35 and a beta of 1.34.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.16). FuelCell Energy had a negative return on equity of 53.97% and a negative net margin of 88.47%. The company had revenue of $17.78 million for the quarter, compared to analysts’ expectations of $11.50 million. During the same period in the prior year, the company posted ($0.12) EPS. Analysts predict that FuelCell Energy Inc will post -0.7 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Osborn Williams & Donohoe LLC purchased a new stake in shares of FuelCell Energy during the fourth quarter worth $39,000. Brave Asset Management Inc. increased its position in shares of FuelCell Energy by 87.0% during the fourth quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock worth $59,000 after acquiring an additional 49,600 shares during the period. Rhumbline Advisers increased its position in shares of FuelCell Energy by 38.2% during the fourth quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock worth $59,000 after acquiring an additional 29,580 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of FuelCell Energy during the fourth quarter worth $90,000. Finally, KBC Group NV increased its position in shares of FuelCell Energy by 37.8% during the fourth quarter. KBC Group NV now owns 329,667 shares of the energy company’s stock worth $181,000 after acquiring an additional 90,391 shares during the period. 15.80% of the stock is currently owned by institutional investors and hedge funds.

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FuelCell Energy Company Profile (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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