Wall Street analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to post $18.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FuelCell Energy’s earnings. The highest sales estimate is $19.20 million and the lowest is $17.99 million. FuelCell Energy reported sales of $47.89 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 61.2%. The company is expected to issue its next quarterly earnings results on Thursday, January 10th.
According to Zacks, analysts expect that FuelCell Energy will report full year sales of $90.17 million for the current financial year, with estimates ranging from $89.55 million to $90.80 million. For the next financial year, analysts anticipate that the firm will post sales of $144.93 million, with estimates ranging from $139.15 million to $150.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The firm had revenue of $12.11 million during 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 period last year, the business earned ($0.31) earnings per share.
Several research analysts recently commented on the company. ValuEngine raised FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, B. Riley set a $4.00 price objective on FuelCell Energy and gave the company a “buy” rating in a report on Friday, September 7th. 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 company. The company currently has a consensus rating of “Hold” and an average price target of $3.25.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of FuelCell Energy by 22.0% during the first 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 during the period. BlackRock Inc. lifted its holdings in shares of FuelCell Energy by 3.4% during the first quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock valued at $1,719,000 after acquiring an additional 32,376 shares during the period. Resource Management LLC lifted its holdings in shares of FuelCell Energy by 237.2% during the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock valued at $111,000 after acquiring an additional 59,300 shares during the period. Schwab Charles Investment Management Inc. bought a new position in shares of FuelCell Energy during the second quarter valued at $200,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of FuelCell Energy by 244.0% during the second quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock valued at $343,000 after acquiring an additional 184,181 shares during the period. 21.42% of the stock is owned by institutional investors.
Shares of FCEL stock opened at $0.90 on Tuesday. The firm has a market capitalization of $80.94 million, a P/E ratio of -0.81 and a beta of 1.77. FuelCell Energy has a one year low of $0.72 and a one year high of $2.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.94 and a quick ratio of 1.23.
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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