Fuelcell Energy Receives a Hold from Roth Capital

By Austin Angelo

Roth Capital analyst Craig Irwin reiterated a Hold rating on Fuelcell Energy (NASDAQ: FCEL) on January 13 and set a price target of $2. The company’s shares opened today at $1.90, close to its 52-week low of $1.60.

According to TipRanks.com, Irwin is ranked 0 out of 5 stars with an average return of -5.5% and a 36.9% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp., Ballard Power Systems, and Amer. Superconductor.

Fuelcell Energy has an analyst consensus of Hold.

Based on Fuelcell Energy’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $24.47 million and GAAP net loss of $12.86 million. In comparison, last year the company earned revenue of $51.45 million and had a GAAP net loss of $8.86 million.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2015, John A. Rolls, a Director at FCEL bought 100,000 shares for a total of $101,000.

FuelCell Energy, Inc. designs, manufactures, sells, installs and services stationary fuel cell power plants for distributed power generation. It operates through the Fuel Cell Power Plant Production and Research segment. It offers products for the Ultra-Clean Power and Renewable Power markets. Its services also include engineering, procurement, and installation; and training. The company was founded in 1969 and is headquartered in Danbury, CT.