FuelCell Energy Inc (FCEL) Expected to Post Quarterly Sales of $15.93 Million

Equities analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to announce sales of $15.93 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for FuelCell Energy’s earnings. The highest sales estimate is $19.20 million and the lowest is $10.60 million. FuelCell Energy reported sales of $47.89 million during the same quarter last year, which indicates a negative year over year growth rate of 66.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 10th.

According to Zacks, analysts expect that FuelCell Energy will report full year sales of $86.78 million for the current fiscal year, with estimates ranging from $80.00 million to $90.80 million. For the next financial year, analysts forecast that the business will post sales of $126.62 million, with estimates ranging from $90.00 million to $150.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). The business had revenue of $12.11 million for the quarter, compared to the consensus estimate of $11.57 million. FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. During the same quarter in the prior year, the firm posted ($0.31) earnings per share.

Several research analysts have weighed in on FCEL shares. ValuEngine upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. B. Riley set a $4.00 target price on FuelCell Energy and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.25.

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp lifted its holdings in FuelCell Energy by 22.0% during the first quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock worth $280,000 after acquiring an additional 29,141 shares in the last quarter. Resource Management LLC raised its stake in shares of FuelCell Energy by 237.2% in the 2nd quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock valued at $111,000 after purchasing an additional 59,300 shares during the period. BlackRock Inc. raised its stake in shares of FuelCell Energy by 3.4% in the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock valued at $1,719,000 after purchasing an additional 32,376 shares during the period. Levin Capital Strategies L.P. raised its stake in shares of FuelCell Energy by 12.3% in the 2nd quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock valued at $3,562,000 after purchasing an additional 296,075 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of FuelCell Energy by 244.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock valued at $343,000 after purchasing an additional 184,181 shares during the period. Hedge funds and other institutional investors own 21.66% of the company’s stock.

FCEL stock traded down $0.02 during midday trading on Friday, hitting $0.95. 653,155 shares of the company’s stock were exchanged, compared to its average volume of 860,365. The company has a current ratio of 1.94, a quick ratio of 1.23 and a debt-to-equity ratio of 0.81. The firm has a market cap of $90.87 million, a PE ratio of -0.86 and a beta of 1.70. FuelCell Energy has a one year low of $0.95 and a one year high of $2.31.

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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