FuelCell Energy (NASDAQ:FCEL) Posts Earnings Results, Misses Estimates By $0.01 EPS

FuelCell Energy (NASDAQ:FCEL) released its earnings results on Wednesday. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative return on equity of 39.99% and a negative net margin of 136.60%. During the same period last year, the firm posted ($0.07) EPS.

FCEL traded up $0.38 during trading on Friday, hitting $10.44. 330,775 shares of the company’s stock were exchanged, compared to its average volume of 34,178,797. FuelCell Energy has a fifty-two week low of $1.58 and a fifty-two week high of $29.44. The company has a market cap of $3.37 billion, a PE ratio of -28.30 and a beta of 5.03. The firm’s 50 day moving average price is $9.88. The company has a current ratio of 5.25, a quick ratio of 4.08 and a debt-to-equity ratio of 0.24.

In other news, CAO Jennifer D. Arasimowicz sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $13.46, for a total value of $107,680.00. Also, Director John Christopher Groobey sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of $12.56, for a total value of $200,960.00. Following the completion of the transaction, the director now owns 84,979 shares in the company, valued at approximately $1,067,336.24. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

FCEL has been the topic of a number of research analyst reports. B. Riley cut their price target on FuelCell Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday. They noted that the move was a valuation call. Wells Fargo & Company initiated coverage on shares of FuelCell Energy in a research note on Monday, April 19th. They set an “underweight” rating and a $9.00 target price on the stock. Canaccord Genuity decreased their price target on shares of FuelCell Energy from $13.50 to $9.00 and set a “hold” rating for the company in a research note on Friday. Northcoast Research initiated coverage on shares of FuelCell Energy in a research report on Tuesday, March 30th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, March 5th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.75.

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 baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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