Equities research analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to post earnings per share (EPS) of ($0.19) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for FuelCell Energy’s earnings. The lowest EPS estimate is ($0.22) and the highest is ($0.16). FuelCell Energy posted earnings of ($0.17) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.8%. The business is expected to report its next quarterly earnings results on Thursday, January 10th.
On average, analysts expect that FuelCell Energy will report full-year earnings of ($0.75) per share for the current fiscal year, with EPS estimates ranging from ($0.80) to ($0.71). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.51) per share, with EPS estimates ranging from ($0.60) to ($0.39). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $12.11 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned ($0.31) earnings per share.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. B. Riley set a $4.00 price target on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, September 7th. Finally, ValuEngine downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in FuelCell Energy by 385.2% in the second quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock valued at $6,364,000 after purchasing an additional 3,827,437 shares during the period. Levin Capital Strategies L.P. grew its holdings in FuelCell Energy by 12.3% in the second 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. Robecosam AG grew its holdings in FuelCell Energy by 16.7% in the third quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock valued at $1,540,000 after purchasing an additional 200,000 shares during the period. Northern Trust Corp grew its holdings in FuelCell Energy by 437.8% in the second quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock valued at $1,149,000 after purchasing an additional 708,722 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in FuelCell Energy by 244.0% in 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 purchasing an additional 184,181 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.
Shares of NASDAQ FCEL opened at $0.92 on Friday. The stock has a market cap of $80.94 million, a PE ratio of -0.83 and a beta of 1.77. FuelCell Energy has a 12 month low of $0.72 and a 12 month high of $2.25. The company has a quick ratio of 1.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.81.
About FuelCell Energy
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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