Oppenheimer Holdings, Inc. initiated coverage on shares of FuelCell Energy, Inc. (NASDAQ:FCEL) in a report released on Wednesday morning, MarketBeat reports. The firm issued an outperform rating and a $4.00 target price on the energy company’s stock. Oppenheimer Holdings also issued estimates for FuelCell Energy’s Q4 2017 earnings at ($0.23) EPS, FY2017 earnings at ($1.22) EPS, FY2018 earnings at ($0.78) EPS and FY2019 earnings at ($0.60) EPS.
Other research analysts have also issued research reports about the stock. Cowen and Company set a $2.00 price target on shares of FuelCell Energy and gave the stock a buy rating in a report on Friday, August 11th. FBR & Co restated a hold rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of FuelCell Energy from a sell rating to a hold rating in a report on Tuesday, August 22nd. Raymond James Financial, Inc. started coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They set a market perform rating for the company. Finally, Roth Capital restated a neutral rating and set a $1.50 price target on shares of FuelCell Energy in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $2.90.
FuelCell Energy (NASDAQ FCEL) opened at 2.26 on Wednesday. The firm’s market cap is $138.96 million. FuelCell Energy has a one year low of $0.80 and a one year high of $5.45. The company’s 50-day moving average is $1.63 and its 200-day moving average is $1.39.
FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The firm had revenue of $10.36 million for the quarter, compared to the consensus estimate of $16.78 million. During the same quarter in the previous year, the business posted ($0.38) EPS. The firm’s revenue for the quarter was down 52.3% compared to the same quarter last year. On average, analysts forecast that FuelCell Energy will post ($1.20) earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the company. Robecosam AG increased its stake in shares of FuelCell Energy by 35.7% in the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 250,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares in the last quarter. CNA Financial Corp increased its stake in shares of FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of FuelCell Energy in the 2nd quarter valued at $142,000. Institutional investors own 13.99% 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.
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