FuelCell Energy Inc (FCEL) Expected to Post Earnings of -$0.18 Per Share

Equities research analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will report ($0.18) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for FuelCell Energy’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.22). FuelCell Energy posted earnings per share of ($0.31) during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.9%. The business is expected to announce its next earnings report on Thursday, September 6th.

According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($0.68) per share for the current year, with EPS estimates ranging from ($0.80) to ($0.52). For the next year, analysts expect that the company will post earnings of ($0.46) per share, with EPS estimates ranging from ($0.60) to ($0.39). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, June 7th. The energy company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06). The firm had revenue of $20.83 million for the quarter, compared to analysts’ expectations of $20.43 million. FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. During the same period last year, the firm earned ($0.33) EPS.

FCEL has been the subject of several recent research reports. Zacks Investment Research cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine upgraded shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, B. Riley restated a “buy” rating on shares of FuelCell Energy in a report on Friday, March 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. FuelCell Energy presently has an average rating of “Hold” and a consensus price target of $3.50.

FuelCell Energy traded up $0.01, hitting $1.35, during trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 1,161,721 shares, compared to its average volume of 2,044,513. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.62 and a current ratio of 2.33. The company has a market capitalization of $115.19 million, a PE ratio of -1.22 and a beta of 1.60. FuelCell Energy has a twelve month low of $1.18 and a twelve month high of $2.49.

In other news, Chairman John A. Rolls purchased 152,000 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was purchased at an average price of $1.31 per share, for a total transaction of $199,120.00. Following the completion of the purchase, the chairman now directly owns 317,274 shares in the company, valued at approximately $415,628.94. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.11% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after buying an additional 32,376 shares during the period. Northern Trust Corp increased its stake in shares of FuelCell Energy by 22.0% in the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock valued at $280,000 after acquiring an additional 29,141 shares in the last quarter. KBC Group NV increased its stake in FuelCell Energy by 45.2% during the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after purchasing an additional 130,667 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in FuelCell Energy by 657.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after purchasing an additional 76,290 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in FuelCell Energy by 80,189.2% during the 4th quarter. Deutsche Bank AG now owns 542,755 shares of the energy company’s stock valued at $922,000 after purchasing an additional 542,079 shares in the last quarter. 15.16% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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Earnings History and Estimates for FuelCell Energy (NASDAQ:FCEL)

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