Roth Capital Initiates Coverage on FuelCell Energy Inc to Buy

Roth Capital Initiates Coverage on FuelCell Energy Inc(NASDAQ:FCEL). The shares have been rated Buy. The rating by Roth Capital was issued on Apr 11, 2016.

In a different note, On Mar 15, 2016, FBR Capital said it Maintains its rating on FuelCell Energy Inc. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 11, 2016, Cowen & Company said it Maintains its rating on FuelCell Energy Inc. In the research note, the firm Lowers the price-target to $23.00 per share. The shares have been rated ‘Outperform’ by the firm.

FuelCell Energy Inc (FCEL) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -2.11% at a volume of 2,52,034. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.05. The peak price level was also seen at $7.05 while the days lowest was $6.92. Finally the shares closed at $6.96. The 52-week high of the shares is $16.200064 while the 52-week low is $4.51. According to the latest information available, the market cap of the company is $202 M.

FuelCell Energy Inc(FCEL) last announced its earnings results on Mar 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $33.48M. Analysts had an estimated revenue of $35.21M. Earnings per share were $-0.48. Analysts had estimated an EPS of $-0.35.

FuelCell Energy Inc. is an integrated fuel cell company. The Company designs manufactures sells installs operates and services ultra-clean stationary fuel cell power plants for distributed power generation. It provides turn-key power generation solutions to its customers including power plant installations as well as power plant operation and maintenance. The Company’s Direct FuelCell (DFC) power plants utilize carbonate fuel cell technology and produce base load electricity. It has two primary markets for its products which include Ultra-Clean Power and Renewable Power. The Company also offers solutions such as DFC-ERG (Direct FuelCell Energy Recovery Generation) and HEFC (High Efficiency Fuel Cell). The Company operates in South Korea the United States Asia Europe and Canada. Its customers include utility companies municipalities universities government entities and a variety of industrial and commercial enterprises.

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