Analyst Price Target Update on FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy (NASDAQ:FCEL) should head towards $13 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $9 per share. The higher price estimate target is at $18 according to the Analysts.

Many analysts have stated their opinion on the company shares. Craig-Hallum initiates coverage on FuelCell Energy (NASDAQ:FCEL). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

FuelCell Energy (NASDAQ:FCEL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.49 points or 8.31% at $5.41 with 1,338,514 shares getting traded. Post opening the session at $5.91, the shares hit an intraday low of $5.39 and an intraday high of $5.915 and the price was in this range throughout the day. The company has a market cap of $170 million and the number of outstanding shares have been calculated to be 31,386,019 shares. The 52-week high of FuelCell Energy (NASDAQ:FCEL) is $13.200052 and the 52-week low is $4.51.

FuelCell Energy, Inc. is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, stationary fuel cell power plants for distributed power generation. It provides turn-key power generation solutions to its customers, including power plant installations, as well as power plant operation and maintenance. The Companys Direct FuelCell (DFC) power plants utilize carbonate fuel cell technology, and produce base load electricity. It has two primary markets for its products, which include Ultra-Clean Power and Renewable Power. The Company also offers solutions, such as DFC-ERG (Direct FuelCell Energy Recovery Generation) and HEFC (High Efficiency Fuel Cell). The Company operates in South Korea, the United States, Asia, Europe and Canada. Its customers include utility companies, municipalities, universities, government entities and a variety of industrial and commercial enterprises.

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