FuelCell Energy (FCEL) : Analyst Rating Update

FuelCell Energy (FCEL) : 5 brokerage houses believe that FuelCell Energy (FCEL) is a Strong Buy at current levels. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

FuelCell Energy (FCEL) : 5 Wall Street analysts covering FuelCell Energy (FCEL) believe that the average level the stock could reach for the short term is $12.4. The maximum price target given is $15 and the minimum target for short term is around $9, hence the standard deviation is calculated at $2.19.

FuelCell Energy (NASDAQ:FCEL): The stock opened at $5.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.00 for the day. The stock traded down to $5.71 during the day, due to lack of any buying support eventually closed down at $5.84 with a loss of -1.68% for the day. The stock had closed at $5.94 on the previous day. The total traded volume was 313,422 shares.

Also, Craig-Hallum initiates coverage on FuelCell Energy (NASDAQ:FCEL). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 2, 2016. The company shares have dropped -45.60% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $12.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.30 and the 200 Day Moving Average price is recorded at $6.04.

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 Companys 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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