FuelCell Energy Inc (NASDAQ:FCEL) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $0.39 and last traded at $0.39, with a volume of 189404 shares traded. The stock had previously closed at $0.40.

FCEL has been the subject of several recent research reports. B. Riley set a $3.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, January 11th. Roth Capital cut shares of FuelCell Energy from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a report on Friday, November 23rd. Zacks Investment Research cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Cowen set a $3.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Craig Hallum cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $1.94.

The firm has a market capitalization of $52.19 million, a P/E ratio of -0.46 and a beta of 1.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.71 and a current ratio of 1.33.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Thursday, March 7th. The energy company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.16). FuelCell Energy had a negative return on equity of 53.97% and a negative net margin of 88.47%. The business had revenue of $17.78 million for the quarter, compared to analyst estimates of $11.50 million. During the same quarter in the previous year, the company posted ($0.12) EPS. Equities research analysts forecast that FuelCell Energy Inc will post -0.7 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its position in FuelCell Energy by 2.7% during the fourth quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock worth $495,000 after acquiring an additional 23,584 shares in the last quarter. Rhumbline Advisers raised its position in FuelCell Energy by 38.2% during the fourth quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock worth $59,000 after acquiring an additional 29,580 shares in the last quarter. Brave Asset Management Inc. raised its position in FuelCell Energy by 87.0% during the fourth quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock worth $59,000 after acquiring an additional 49,600 shares in the last quarter. Bank of New York Mellon Corp raised its position in FuelCell Energy by 21.2% during the fourth quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock worth $186,000 after acquiring an additional 59,111 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in FuelCell Energy by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock worth $497,000 after acquiring an additional 64,539 shares in the last quarter. 18.87% of the stock is currently owned by hedge funds and other institutional investors.

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About FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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