Wall Street brokerages expect FuelCell Energy (NASDAQ:FCEL) to report ($0.17) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for FuelCell Energy’s earnings. The lowest EPS estimate is ($0.24) and the highest is ($0.13). FuelCell Energy reported earnings of ($0.33) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 48.5%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, June 7th.
According to Zacks, analysts expect that FuelCell Energy will report full year earnings of ($0.60) per share for the current year, with EPS estimates ranging from ($0.77) to ($0.47). For the next year, analysts anticipate that the firm will report earnings of ($0.37) per share, with EPS estimates ranging from ($0.43) to ($0.30). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, March 8th. The energy company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.04. FuelCell Energy had a negative net margin of 37.86% and a negative return on equity of 46.40%. The firm had revenue of $38.61 million during the quarter, compared to analysts’ expectations of $32.27 million. During the same quarter in the prior year, the company earned ($0.39) EPS. The company’s revenue was up 127.1% compared to the same quarter last year.
Several brokerages have recently weighed in on FCEL. Roth Capital raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2.00 to $4.00 in a research report on Friday, February 9th. Zacks Investment Research cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of FuelCell Energy in a research report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.42.
Shares of FCEL opened at $1.83 on Friday. FuelCell Energy has a fifty-two week low of $0.95 and a fifty-two week high of $2.49. The company has a market capitalization of $151.84 million, a PE ratio of -1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.06 and a quick ratio of 1.42.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after acquiring an additional 32,376 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of FuelCell Energy during the 4th quarter worth approximately $1,479,000. Deutsche Bank AG raised its stake in shares of FuelCell Energy by 80,189.2% during the 4th quarter. Deutsche Bank AG now owns 542,755 shares of the energy company’s stock worth $922,000 after acquiring an additional 542,079 shares in the last quarter. KBC Group NV raised its stake in shares of FuelCell Energy by 45.2% during the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock worth $726,000 after acquiring an additional 130,667 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of FuelCell Energy during the 4th quarter worth approximately $651,000. Hedge funds and other institutional investors own 15.96% of the company’s stock.
FuelCell Energy Company Profile
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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