FuelCell Energy (NASDAQ:FCEL) Upgraded by B. Riley to Hold

B. Riley upgraded shares of FuelCell Energy (NASDAQ:FCEL) to a hold rating in a report issued on Tuesday, Zacks.com reports.

FuelCell Energy Stock Down 2.2 %

NASDAQ:FCEL opened at $0.64 on Tuesday. The firm has a market capitalization of $317.27 million, a P/E ratio of -2.55 and a beta of 3.56. FuelCell Energy has a 12-month low of $0.62 and a 12-month high of $2.54. The company has a quick ratio of 4.80, a current ratio of 6.55 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $1.12.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Monday, June 10th. The energy company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $22.42 million for the quarter, compared to the consensus estimate of $22.12 million. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. During the same quarter last year, the business posted ($0.09) EPS. Equities research analysts expect that FuelCell Energy will post -0.26 earnings per share for the current year.

Institutional Trading of FuelCell Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. PFG Investments LLC acquired a new stake in shares of FuelCell Energy in the 1st quarter valued at about $40,000. SageView Advisory Group LLC acquired a new stake in shares of FuelCell Energy in the first quarter valued at about $41,000. Baader Bank Aktiengesellschaft increased its position in shares of FuelCell Energy by 97.9% in 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 during the last quarter. Aristides Capital LLC bought a new position in FuelCell Energy during the fourth quarter worth about $48,000. Finally, Ballentine Partners LLC bought a new position in FuelCell Energy during the first quarter worth about $59,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.