FuelCell Energy (NASDAQ:FCEL) Trading Down 5.9%

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.

Several hedge funds have recently made changes to their positions in FCEL. Loews Corp lifted its position in shares of FuelCell Energy by 100.0% in the first quarter. Loews Corp now owns 135,650 shares of the energy company’s stock worth $33,000 after purchasing an additional 67,825 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of FuelCell Energy by 21.2% in the fourth quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock worth $186,000 after purchasing an additional 59,111 shares in the last quarter. CNA Financial Corp increased its holdings in FuelCell Energy by 100.0% during the first quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock worth $281,000 after buying an additional 570,025 shares during the last quarter. Northern Trust Corp increased its holdings in FuelCell Energy by 2.7% during the fourth quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock worth $495,000 after buying an additional 23,584 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in FuelCell Energy by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock worth $497,000 after buying an additional 64,539 shares during the last quarter.

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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