FuelCell Energy (NASDAQ:FCEL) Shares Gap Up to $0.40

Shares of FuelCell Energy Inc (NASDAQ:FCEL) gapped up before the market opened on Monday . The stock had previously closed at $0.40, but opened at $0.40. FuelCell Energy shares last traded at $0.41, with a volume of 944,049 shares trading hands.

FCEL has been the subject of several research reports. Zacks Investment Research cut FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine downgraded FuelCell Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday. CIBC reaffirmed a “market perform” rating on shares of FuelCell Energy in a research note on Thursday, June 6th. Cowen lowered FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. Finally, Oppenheimer lowered FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. FuelCell Energy has an average rating of “Hold” and an average target price of $21.19.

The company has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.49. The company has a market capitalization of $9.94 million, a price-to-earnings ratio of -0.04 and a beta of 1.13. The company has a current ratio of 0.97, a quick ratio of 0.43 and a debt-to-equity ratio of 0.94.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Monday, September 9th. The energy company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.88. FuelCell Energy had a negative return on equity of 60.21% and a negative net margin of 83.56%. The business had revenue of $22.71 million during the quarter, compared to analysts’ expectations of $8.30 million. Equities analysts predict that FuelCell Energy Inc will post -4.01 earnings per share for the current year.

A number of large investors have recently bought and sold shares of FCEL. CNA Financial Corp lifted its holdings in shares of FuelCell Energy by 100.0% in the first quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock valued at $281,000 after purchasing an additional 570,025 shares in the last quarter. Jane Street Group LLC bought a new stake in FuelCell Energy in the second quarter valued at approximately $27,000. Finally, Loews Corp raised its stake in FuelCell Energy by 100.0% in the first quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after buying an additional 67,825 shares during the period. 21.00% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Article: Liquidity

Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.