Oppenheimer Keeps Their Buy Rating on Fuelcell Energy

By Carrie Williams

Oppenheimer analyst Colin Rusch maintained a Buy rating on Fuelcell Energy (NASDAQ: FCEL) today. The company’s shares closed on Friday at $1.80.

According to TipRanks.com, Rusch is a 5-star analyst with an average return of 11.3% and a 47.9% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.

Fuelcell Energy has an analyst consensus of Strong Buy, with a price target consensus of $3.50.

Based on Fuelcell Energy’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $38.61 million and GAAP net loss of $4.18 million. In comparison, last year the company earned revenue of $17 million and had a GAAP net loss of $13.69 million.

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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.