FuelCell Energy (NASDAQ:FCEL) Shares Up 9.4%

FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) traded up 9.4% during mid-day trading on Friday . The stock traded as high as $4.20 and last traded at $4.17. 87,806 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 12,131,682 shares. The stock had previously closed at $3.81.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FCEL. Craig Hallum dropped their price target on shares of FuelCell Energy from $6.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, June 10th. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Thursday, June 2nd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.00.

FuelCell Energy Stock Up 11.3 %

The firm has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 7.41 and a quick ratio of 6.38. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -12.47 and a beta of 3.86.

FuelCell Energy (NASDAQ:FCELGet Rating) last released its earnings results on Thursday, September 8th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). FuelCell Energy had a negative net margin of 118.26% and a negative return on equity of 15.56%. The company had revenue of $43.10 million during the quarter, compared to analyst estimates of $35.16 million. During the same period in the previous year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 60.8% compared to the same quarter last year. As a group, sell-side analysts expect that FuelCell Energy, Inc. will post -0.29 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

Hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH acquired a new stake in shares of FuelCell Energy during the fourth quarter worth about $11,638,000. QCM Cayman Ltd. raised its position in shares of FuelCell Energy by 160.9% during the first quarter. QCM Cayman Ltd. now owns 40,288 shares of the energy company’s stock worth $232,000 after purchasing an additional 24,849 shares during the period. Point72 Hong Kong Ltd raised its position in shares of FuelCell Energy by 546.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 42,054 shares of the energy company’s stock worth $219,000 after purchasing an additional 35,550 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of FuelCell Energy by 45.3% during the fourth quarter. BNP Paribas Arbitrage SA now owns 131,470 shares of the energy company’s stock worth $684,000 after purchasing an additional 40,971 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in shares of FuelCell Energy during the first quarter worth about $65,000. Institutional investors and hedge funds own 42.87% of the company’s stock.

FuelCell Energy Company Profile

(Get Rating)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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