FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.39, but opened at $3.74. FuelCell Energy shares last traded at $3.69, with a volume of 831,230 shares traded.

Analyst Upgrades and Downgrades

FCEL has been the topic of a number of recent research reports. KeyCorp restated a "sector weight" rating on shares of FuelCell Energy in a report on Thursday, June 2nd. Craig Hallum reduced their target price on shares of FuelCell Energy from $6.00 to $3.00 and set a "hold" rating on the stock in a report on Friday, June 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.00.

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FuelCell Energy Stock Performance

The stock's fifty day simple moving average is $3.76 and its 200-day simple moving average is $4.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.38 and a current ratio of 7.41. The company has a market capitalization of $1.39 billion, a PE ratio of -11.97 and a beta of 4.23.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last posted its quarterly earnings data on Thursday, June 9th. The energy company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). FuelCell Energy had a negative net margin of 120.33% and a negative return on equity of 12.76%. The company had revenue of $16.40 million for the quarter, compared to analyst estimates of $32.32 million. During the same period in the prior year, the company earned ($0.06) EPS. The company's revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts predict that FuelCell Energy, Inc. will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of FuelCell Energy by 6.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 118,860 shares of the energy company's stock valued at $618,000 after acquiring an additional 6,763 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of FuelCell Energy during the 4th quarter valued at about $11,638,000. Point72 Hong Kong Ltd increased its stake in shares of FuelCell Energy by 546.6% during the 4th quarter. Point72 Hong Kong Ltd now owns 42,054 shares of the energy company's stock valued at $219,000 after acquiring an additional 35,550 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in FuelCell Energy by 45.3% during the 4th quarter. BNP Paribas Arbitrage SA now owns 131,470 shares of the energy company's stock worth $684,000 after purchasing an additional 40,971 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in FuelCell Energy during the 4th quarter worth approximately $258,000. Institutional investors and hedge funds own 42.07% of the company's stock.

About FuelCell Energy

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FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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