Wall Street Zen lowered FuelCell Energy (NASDAQ:FCEL) to a sell rating from hold on Sunday. This downgrade follows the company's latest quarterly financial report.
FuelCell Energy reported a loss of $0.53 per share. This result missed the analyst consensus estimate of a $0.52 loss. Quarterly revenue reached $35.59 million. This figure fell short of the $40.47 million expected by Wall Street.
The broader analyst consensus for the company remains a hold. Analysts maintain an average price target of $22.83 for the stock. Shares opened at $20.43 on Friday.