Zacks Investment Research upgraded shares of FuelCell Energy, Inc. Its quick ratio was 1.70 while current ratio was noted as 3.20 in the most recent quarter. The stock had a trading volume of 1,013,694 shares. KBC Group NV raised its stake in shares of FuelCell Energy by 36.8% in the first quarter.
Several institutional investors have recently bought and sold shares of the stock.
Taking a broader look at the analyst consensus, according to 4 analysts Fuelcell Energy Inc (NASDAQ:FCEL)'s price will reach at $1.88 during 52 weeks. AQR Capital Management LLC acquired a new stake in shares of FuelCell Energy during the fourth quarter worth $693,000. Bank of New York Mellon Corp increased its position in FuelCell Energy by 13.3% in the first quarter. Levin Capital Strategies L.P. raised its position in FuelCell Energy by 1,717.4% in the first quarter. Levin Capital Strategies L.P. now owns 310,776 shares of the energy company's stock worth $427,000 after buying an additional 293,676 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of FuelCell Energy during the fourth quarter worth $247,000. Robecosam AG now owns 700,000 shares of the energy company's stock valued at $998,000 after buying an additional 100,000 shares during the last quarter. FuelCell Energy has a one year low of $0.80 and a one year high of $6.44. (FCEL) was down -2.40% during the last trading session, with a day high of 1.30. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The firm's market capitalization is $74.47 million. The energy company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.06. FuelCell Energy had a negative return on equity of 44.42% and a negative net margin of 60.75%. The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $19.30 million. However the company reported $-0.38 earnings per share for the same quarter during previous year. The company's revenue was down 28.7% compared to the same quarter past year.
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Shares of FuelCell Energy (NASDAQ:FCEL) traded down 0.79% during midday trading on Friday, hitting $1.25.
TRADEMARK VIOLATION WARNING: This report was first reported by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another domain, it was stolen and reposted in violation of U.S. & global copyright and trademark law. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/07/fuelcell-energy-inc-fcel-downgraded-by-valuengine-updated-updated-updated.html. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Cowen and Company cut their price objective on FuelCell Energy from $2.50 to $2.00 and set an "outperform" rating for the company in a research report on Friday, June 9th. FBR & Co reaffirmed a "market perform" rating and issued a $2.50 price target on shares of FuelCell Energy in a report on Saturday, March 11th. ValuEngine lowered FuelCell Energy from a "sell" rating to a "strong sell" rating in a research report on Friday, June 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Its book value per share for the most recent quarter is $2.36 while its price to book ratio for the same period is 0.53, as for as the company's cash per share for the most recent quarter is $0.75, however its price to cash per share ratio for the same period is 1.67.
The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions.
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