Fuelcell Energy Gets a Hold Rating from Roth Capital

By Jason Carr

In a report issued on September 8, Craig Irwin from Roth Capital assigned a Hold rating to Fuelcell Energy (NASDAQ: FCEL), with a price target of $1.50. The company’s shares opened today at $1.50, close to its 52-week high of $5.67.

According to TipRanks.com, Irwin is a 1-star analyst with an average return of -0.5% and a 44.2% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Maxwell Technologies, and Darling Ingredients.

Currently, the analyst consensus on Fuelcell Energy is Moderate Buy and the average price target is $2.17, representing a 44.7% upside.

In a report issued on September 5, FBR Capital also assigned a Hold rating to the stock.

The company has a one year high of $5.67 and a one year low of $0.80. Currently, Fuelcell Energy has an average volume of 1.06M.

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FuelCell Energy, Inc. designs, manufactures, sells, installs and services stationary fuel cell power plants for distributed power generation. The company offers products for the ultra-clean power and renewable power markets. Its services also include engineering, procurement, and installation; and training.