....uelCell Energy, Inc. (FCEL) Stock Rating Lowered by Zacks Investment Research
Posted by Daniel Jordon on Feb 8th, 2017 // No Comments
FuelCell Energy logoFuelCell Energy, Inc. (NASDAQ:FCEL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday.
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. “
Other research analysts also recently issued research reports about the stock. Roth Capital downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $7.50 to $4.00 in a research report on Tuesday, October 25th. FBR & Co reaffirmed a “market perform” rating and issued a $3.00 price objective (down previously from $5.50) on shares of FuelCell Energy in a research report on Wednesday, November 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.15.
Shares of FuelCell Energy (NASDAQ:FCEL) opened at 1.40 on Monday. The stock’s market capitalization is $56.37 million. FuelCell Energy has a one year low of $1.40 and a one year high of $8.88. The firm’s 50-day moving average is $1.75 and its 200-day moving average is $3.68.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, January 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.04. FuelCell Energy had a negative return on equity of 47.46% and a negative net margin of 47.07%. The firm earned $24.50 million during the quarter. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. The firm’s revenue was down 52.4% on a year-over-year basis. On average, analysts expect that FuelCell Energy will post ($1.10) earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in FCEL. Robecosam AG boosted its stake in shares of FuelCell Energy by 33.9% in the third quarter. Robecosam AG now owns 458,000 shares of the company’s stock valued at $2,450,000 after buying an additional 116,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of FuelCell Energy by 129.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,333 shares of the company’s stock valued at $450,000 after buying an additional 40,800 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of FuelCell Energy during the second quarter valued at approximately $138,000. RobecoSam USA Inc. boosted its stake in shares of FuelCell Energy by 34.7% in the third quarter. RobecoSam USA Inc. now owns 33,000 shares of the company’s stock valued at $179,000 after buying an additional 8,500 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of FuelCell Energy by 13.0% in the third quarter. First Trust Advisors LP now owns 32,182 shares of the company’s stock valued at $174,000 after buying an additional 3,702 shares during the last quarter. Institutional investors own 19.12% of the company’s stock.
About FuelCell Energy
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance. |