Zacks Investment Research lowered shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a sell rating in a research note released on Monday morning.
According to Zacks, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas. “
A number of other equities analysts have also recently issued reports on FCEL. Roth Capital cut FuelCell Energy from a buy rating to a hold rating and set a $1.00 target price on the stock. in a report on Friday, November 23rd. B. Riley set a $3.00 price target on FuelCell Energy and gave the company a buy rating in a research report on Friday, January 11th.
FuelCell Energy stock opened at $0.44 on Monday. The company has a market cap of $48.26 million, a price-to-earnings ratio of -0.55 and a beta of 1.64. FuelCell Energy has a 52-week low of $0.43 and a 52-week high of $2.11. The company has a current ratio of 2.17, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, January 10th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The business had revenue of $17.88 million for the quarter, compared to the consensus estimate of $15.93 million. FuelCell Energy had a negative return on equity of 52.02% and a negative net margin of 52.92%. As a group, sell-side analysts forecast that FuelCell Energy will post -0.56 EPS for the current year.
In other FuelCell Energy news, Director John A. Rolls bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $0.75 per share, with a total value of $75,000.00. Following the transaction, the director now directly owns 417,274 shares in the company, valued at approximately $312,955.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.11% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of FuelCell Energy by 10.5% during the 4th quarter. BlackRock Inc. now owns 5,361,175 shares of the energy company’s stock valued at $2,951,000 after purchasing an additional 510,542 shares during the last quarter. Vanguard Group Inc increased its position 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 valued at $4,069,000 after purchasing an additional 220,519 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $4,069,000 after purchasing an additional 220,519 shares during the last quarter. Robecosam AG increased its position 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 valued at $1,540,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Northern Trust Corp increased its position 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 valued at $1,149,000 after purchasing an additional 708,722 shares during the last quarter. 19.28% of the stock is owned by hedge funds and other institutional investors.
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 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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