A Director at Fuelcell Energy (NASDAQ: FCEL) is Buying Shares

By Carrie Williams

Today, a Director at Fuelcell Energy (NASDAQ: FCEL), John A. Rolls, bought shares of FCEL for $199.1K.

Following this transaction John A. Rolls’ holding in the company was increased by 91.97% to a total of $418.8K.

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Based on Fuelcell Energy’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $20.83 million and GAAP net loss of $13.17 million. In comparison, last year the company earned revenue of $20.42 million and had a GAAP net loss of $13.24 million. Currently, Fuelcell Energy has an average volume of 76.65K.

Starting in January 2018, FCEL received 9 Buy ratings in a row. Six different firms, including B.Riley FBR and Canaccord Genuity, currently also have a Buy rating on the stock.

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FuelCell Energy, Inc. designs, manufactures, sells, installs and services stationary fuel cell power plants for distributed power generation. It offers renewable power markets. Its services also include engineering, procurement, and installation; and training.