Equities research analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to announce sales of $25.53 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FuelCell Energy’s earnings, with the highest sales estimate coming in at $26.05 million and the lowest estimate coming in at $25.00 million. FuelCell Energy posted sales of $17.00 million in the same quarter last year, which suggests a positive year over year growth rate of 50.2%. The company is expected to announce its next earnings report on Thursday, March 8th.
According to Zacks, analysts expect that FuelCell Energy will report full year sales of $25.53 million for the current financial year, with estimates ranging from $102.10 million to $118.60 million. For the next year, analysts expect that the company will post sales of $152.40 million per share. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, January 11th. The energy company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.05. FuelCell Energy had a negative return on equity of 51.53% and a negative net margin of 56.35%. The company had revenue of $47.90 million for the quarter, compared to analyst estimates of $25.90 million. During the same quarter in the previous year, the company earned ($0.41) EPS. The firm’s revenue for the quarter was up 95.5% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. Roth Capital set a $2.00 price objective on FuelCell Energy and gave the company a “hold” rating in a report on Thursday. Cowen set a $3.00 price objective on FuelCell Energy and gave the company a “buy” rating in a report on Thursday. B. Riley raised FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $2.50 to $3.50 in a report on Friday. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, CIBC assumed coverage on FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $3.17.
Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of FuelCell Energy by 90.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after acquiring an additional 65,392 shares during the period. CNA Financial Corp lifted its position in shares of FuelCell Energy by 300.0% during the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the period. KBC Group NV lifted its position in shares of FuelCell Energy by 170.5% during the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after acquiring an additional 147,155 shares during the period. Robecosam AG lifted its position in shares of FuelCell Energy by 35.7% during the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 250,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of FuelCell Energy by 99.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares during the period. Institutional investors own 14.56% of the company’s stock.
Shares of FuelCell Energy (NASDAQ:FCEL) traded down $0.03 on Thursday, reaching $1.98. The company’s stock had a trading volume of 3,380,118 shares, compared to its average volume of 1,750,000. FuelCell Energy has a 12 month low of $0.80 and a 12 month high of $2.49. The stock has a market cap of $138.42, a price-to-earnings ratio of -1.65 and a beta of 1.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36.
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FuelCell Energy Company Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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