FuelCell Energy (NASDAQ:FCEL – Get Free Report) released 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. The business had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same period last year, the business earned ($0.06) earnings per share.
FuelCell Energy Price Performance
NASDAQ:FCEL opened at $0.44 on Friday. The company has a market cap of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87. The firm’s fifty day moving average price is $0.51 and its two-hundred day moving average price is $0.81. FuelCell Energy has a one year low of $0.37 and a one year high of $1.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80.
Analyst Ratings Changes
A number of brokerages have commented on FCEL. Canaccord Genuity Group cut their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research note on Friday. UBS Group cut their target price on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, B. Riley raised FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th.
FuelCell Energy Company Profile
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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