FuelCell Energy Inc (NASDAQ:FCEL) shares fell 5.9% on Tuesday . The company traded as low as $0.31 and last traded at $0.32, 5,281,639 shares were traded during mid-day trading. A decline of 25% from the average session volume of 7,013,154 shares. The stock had previously closed at $0.34.
A number of brokerages have weighed in on FCEL. ValuEngine raised shares of FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. CIBC reissued a “market perform” rating on shares of FuelCell Energy in a research report on Thursday, June 6th. Zacks Investment Research lowered shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer lowered shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Finally, Cowen lowered shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FuelCell Energy presently has a consensus rating of “Hold” and a consensus target price of $21.19.
The company has a 50-day simple moving average of $0.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.43 and a current ratio of 0.94. The firm has a market capitalization of $9.47 million, a price-to-earnings ratio of -0.03 and a beta of 1.18.
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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