Today Barrons is reporting: "FuelCell Energy shares rose on Thursday after the producer of units that make electricity from hydrogen posted a narrower-than-expected loss for its first quarter." For full coverage click here. Shares of the small-cap Utilities company have risen 3.79% on the news as of the morning trading session, and are currently trading at $3.3.
FuelCell Energy, Inc. designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed base load power generation. The company belongs to the Utilities sector, which has an average price to earnings (P/E) ratio of 22.89 and an average price to book (P/B) ratio of 1.03. In contrast, FuelCell Energy has a trailing 12 month P/E ratio of -8.92 and a P/B ratio of 2.187.
FuelCell Energy has moved -47.78% over the last year compared to -6.28% for the S&P 500 -- a difference of -41.5%. FuelCell Energy has a 52 week high of $7.33 and a 52 week low of $2.47. At today's price of $3.3 per share, FuelCell Energy is 2.48% away from its target price of $3.22, and on average, analysts give the stock a rating of hold. 14% of the company's shares are linked to short positions, and 47% of the shares are owned by institutional investors.
