FuelCell Energy (NASDAQ:FCEL) Issues Earnings Results, Beats Expectations By $0.01 EPS

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

Shares of FCEL traded down $0.42 during trading hours on Wednesday, hitting $6.02. The stock had a trading volume of 2,170,406 shares, compared to its average volume of 29,021,572. FuelCell Energy has a 12-month low of $1.58 and a 12-month high of $29.44. The firm has a market cap of $1.94 billion, a P/E ratio of -16.53 and a beta of 4.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.32 and a current ratio of 4.37. The company’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $9.44.

A hedge fund recently raised its stake in FuelCell Energy stock. Morgan Stanley increased its holdings in shares of FuelCell Energy, Inc. (NASDAQ:FCEL) by 4.0% in the second quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC. 40.58% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 9th. B. Riley decreased their price target on shares of FuelCell Energy from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Finally, Canaccord Genuity lowered their price target on shares of FuelCell Energy from $13.50 to $9.00 and set a “hold” rating for the company in a report on Friday, June 11th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, FuelCell Energy presently has a consensus rating of “Hold” and an average price target of $11.00.

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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