B. Riley upgraded shares of FuelCell Energy (NASDAQ:FCEL – Free Report) to a hold rating in a research note released on Tuesday, Zacks.com reports.
FuelCell Energy Stock Performance
Shares of NASDAQ FCEL opened at $0.64 on Tuesday. The company has a quick ratio of 4.80, a current ratio of 6.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $317.27 million, a price-to-earnings ratio of -2.55 and a beta of 3.56. The stock’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $1.12. FuelCell Energy has a 52-week low of $0.62 and a 52-week high of $2.54.
FuelCell Energy (NASDAQ:FCEL – Get Free Report) last issued its earnings results on Monday, June 10th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $22.42 million for the quarter, compared to analysts’ expectations of $22.12 million. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, sell-side analysts forecast that FuelCell Energy will post -0.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
About FuelCell Energy
FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.
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