Published On: Wed, Sep 7th, 2016

Roth Capital Reaffirms “Buy” Rating for FuelCell Energy Inc. (FCEL)

FuelCell Energy Inc. (NASDAQ:FCEL)‘s stock had its “buy” rating restated by analysts at Roth Capital in a research report issued to clients and investors on Wednesday. They currently have a $12.00 price target on the stock. Roth Capital’s target price indicates a potential upside of 125.99% from the company’s previous close.
Several hedge funds recently made changes to their positions in FCEL. Loeb Partners Corp increased its stake in shares of FuelCell Energy by 47.0% in the second quarter. Loeb Partners Corp now owns 228,046 shares of the company’s stock worth $1,419,000 after buying an additional 72,867 shares during the last quarter. Robecosam AG bought a new stake in shares of FuelCell Energy during the first quarter worth about $900,000. Geode Capital Management LLC increased its stake in shares of FuelCell Energy by 22.9% in the first quarter. Geode Capital Management LLC now owns 176,235 shares of the company’s stock worth $1,193,000 after buying an additional 32,848 shares during the last quarter. State Street Corp increased its stake in shares of FuelCell Energy by 11.2% in the first quarter. State Street Corp now owns 316,346 shares of the company’s stock worth $2,142,000 after buying an additional 31,942 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of FuelCell Energy by 4.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 609,494 shares of the company’s stock worth $4,126,000 after buying an additional 26,863 shares during the last quarter.
FuelCell Energy (NASDAQ:FCEL) traded down 2.222% during mid-day trading on Wednesday, reaching $5.192. The company had a trading volume of 216,149 shares. The company’s 50 day moving average is $5.30 and its 200 day moving average is $6.06. The stock’s market capitalization is $162.96 million. FuelCell Energy has a 52-week low of $4.51 and a 52-week high of $12.24.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/roth-capital-reaffirms-buy-rating-for-fuelcell-energy-inc-fcel.html

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. During the same period in the prior year, the company posted ($0.48) EPS. Equities analysts predict that FuelCell Energy will post ($1.67) earnings per share for the current year.
FCEL has been the subject of several other reports. FBR & Co reiterated a “buy” rating and issued a $9.00 price target on shares of FuelCell Energy in a research note on Monday, July 11th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Wednesday, August 10th. Seven investment analysts have rated the stock with a buy rating, FuelCell Energy has an average rating of “Buy” and a consensus target price of $12.94.
FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.

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

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>