Craig-Hallum analyst Eric Stine maintained a Hold rating on Fuelcell Energy (FCEL – Research Report) today. The company’s shares closed yesterday at $1.44.
According to TipRanks, Stine is a 5-star analyst with an average return of 11.4% and a 39.49% success rate. Stine covers the Energy sector, focusing on stocks such as Plug Power, Vertex Energy, and Broadwind Energy.
Currently, the analyst consensus on Fuelcell Energy is a Hold with an average price target of $2.31.
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Based on Fuelcell Energy’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $26.19 million and a GAAP net loss of $34.3 million. In comparison, last year the company earned a revenue of $16.38 million and had a GAAP net loss of $60.34 million
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FuelCell Energy, Inc. engages in the provision of fuel cell power plant production and research. Its products include suresource 1500, suresource 3000, and suresource 4000. The company was founded in 1969 and is headquartered in Danbury, CT.
Read More on FCEL:
- FuelCell Energy Announces Third Quarter of Fiscal Year 2023 Results
- FuelCell (NASDAQ:FCEL) Extends Technology Development Deal with Exxon
- FuelCell and ExxonMobil extend joint development agreement
- FuelCell Energy Announces Debt Financing for its Naval Submarine Base Microgrid-Ready Project
- Largest borrow rate increases among liquid names
