FuelCell Energy (NASDAQ:FCEL) Announces Earnings Results

FuelCell Energy (NASDAQ:FCEL) posted its earnings results on Monday. The energy company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Briefing.com reports. The firm had revenue of $26.82 million during the quarter, compared to analyst estimates of $20.63 million. FuelCell Energy had a negative net margin of 153.45% and a negative return on equity of 30.58%. FuelCell Energy’s revenue was up 43.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS.

Shares of NASDAQ:FCEL traded down $0.24 during trading on Wednesday, reaching $6.20. The company had a trading volume of 757,522 shares, compared to its average volume of 29,021,572. The firm’s fifty day moving average is $6.49 and its 200 day moving average is $9.44. The firm has a market capitalization of $2.00 billion, a PE ratio of -17.89 and a beta of 4.98. FuelCell Energy has a twelve month low of $1.58 and a twelve month high of $29.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.32 and a current ratio of 4.37.

A hedge fund recently raised its stake in FuelCell Energy stock. Morgan Stanley increased its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,090,359 shares of the energy company’s stock after purchasing an additional 156,538 shares during the quarter. Morgan Stanley owned 1.27% of FuelCell Energy worth $36,406,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 40.58% of the company’s stock.

A number of research analysts have issued reports on the stock. B. Riley reduced their target price on shares of FuelCell Energy from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, June 11th. They noted that the move was a valuation call. Canaccord Genuity reduced 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, June 11th. Finally, Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 9th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, FuelCell Energy presently has a consensus rating of “Hold” and an average price target of $11.40.

FuelCell Energy Company Profile

FuelCell Energy, Inc develops environmentally responsible distributed baseload power solutions through proprietary molten-carbonate fuel cell technology. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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