FuelCell Energy (NASDAQ:FCEL) Trading Up 12.9%

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price rose 12.9% on Thursday . The company traded as high as $0.47 and last traded at $0.46. Approximately 30,819,104 shares changed hands during trading, a decline of 5% from the average daily volume of 32,471,695 shares. The stock had previously closed at $0.41.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley upgraded FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th. Canaccord Genuity Group lowered their price objective on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research report on Friday. Finally, UBS Group lowered their price objective on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th.

FuelCell Energy Stock Performance

The firm has a market capitalization of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87. The stock has a fifty day simple moving average of $0.51 and a two-hundred day simple moving average of $0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, research analysts predict that FuelCell Energy, Inc. will post -0.26 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

Hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC bought a new stake in FuelCell Energy in the second quarter worth approximately $29,000. AQR Capital Management LLC increased its holdings in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after acquiring an additional 26,223 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of FuelCell Energy during the first quarter valued at approximately $41,000. Baader Bank Aktiengesellschaft increased its holdings in shares of FuelCell Energy by 97.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock valued at $42,000 after acquiring an additional 13,084 shares in the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $48,000. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.