FuelCell Energy (NASDAQ:FCEL – Get Free Report) announced its earnings results on Thursday. The energy company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07), RTT News reports. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. The business had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.22 million. During the same period in the prior year, the firm earned ($0.06) earnings per share.
FuelCell Energy Price Performance
Shares of FCEL opened at $0.44 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80. The company has a market cap of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87. FuelCell Energy has a 12 month low of $0.37 and a 12 month high of $1.84. The stock has a fifty day moving average price of $0.51 and a 200 day moving average price of $0.81.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on FCEL shares. UBS Group decreased their price objective on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Canaccord Genuity Group cut their target price on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research report on Friday. Finally, B. Riley upgraded shares of FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th.
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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