Price Don’t Lie: Does FuelCell Energy Inc Have Any Gas After Today’s Big Increase?

Price Don't Lie: Does FuelCell Energy Inc Have Any Gas After Today's Big Increase?

The stock of FuelCell Energy Inc (NASDAQ:FCEL) is a huge mover today! About 152,764 shares traded hands. FuelCell Energy Inc (NASDAQ:FCEL) has declined 56.90% since April 18, 2016 and is downtrending. It has underperformed by 61.33% the S&P500.
The move comes after 7 months positive chart setup for the $101.45 million company. It was reported on Nov, 18 by Barchart.com. We have $8.50 PT which if reached, will make NASDAQ:FCEL worth $178.55M more.

FuelCell Energy Inc (NASDAQ:FCEL) Ratings Coverage

Out of 4 analysts covering FuelCell Energy (NASDAQ:FCEL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. FuelCell Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was initiated by FBR Capital on Friday, December 18 with “Outperform”. The firm has “Buy” rating given on Monday, May 2 by Craig Hallum. On Tuesday, October 25 the stock rating was downgraded by Roth Capital to “Neutral”. The company was upgraded on Tuesday, August 11 by Zacks. Roth Capital initiated FuelCell Energy Inc (NASDAQ:FCEL) rating on Monday, April 11. Roth Capital has “Buy” rating and $12 price target. The rating was maintained by Cowen & Co with “Outperform” on Friday, March 11. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, October 26. The firm has “Outperform” rating by FBR Capital given on Tuesday, March 15.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down Infinity, from Infinity in 2016Q1. The ratio fall, as 0 funds sold all FuelCell Energy Inc shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 22,162 shares or 27260.49% more from 81 shares in 2016Q1.
Douglass Winthrop Limited holds 0% or 11,000 shares in its portfolio. Focused Wealth Mgmt last reported 81 shares in the company.

More notable recent FuelCell Energy Inc (NASDAQ:FCEL) news were published by: Forbes.com which released: “FuelCell Energy Continues To Position Itself For Future Growth” on March 11, 2016, also Streetinsider.com with their article: “FuelCell Energy (FCEL) Contracted by Alberta Innovates for Fuel Cell Carbon …” published on November 17, 2016, Fool.com published: “FuelCell Energy’s Hope for a Bright Future Just Became Much Dimmer” on October 31, 2016. More interesting news about FuelCell Energy Inc (NASDAQ:FCEL) were released by: Fool.com and their article: “The 1 Reason I’m Not Ready to Invest in Plug Power Inc or FuelCell Energy Inc” published on September 15, 2016 as well as Streetinsider.com‘s news article titled: “FuelCell Energy (FCEL) Says Beacon Falls Energy Park Project Not Selected for …” with publication date: October 25, 2016.

FCEL Company Profile

FuelCell Energy, Inc., incorporated on July 12, 1999, is an integrated fuel cell company. The Firm designs, makes, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support. The Company’s plants operate in approximately 50 locations on approximately three continents and generate approximately four billion kilowatt hours (kWh) of electricity.

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