Wall Street analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will report $14.50 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for FuelCell Energy’s earnings, with the lowest sales estimate coming in at $9.00 million and the highest estimate coming in at $20.00 million. FuelCell Energy reported sales of $20.83 million in the same quarter last year, which indicates a negative year-over-year growth rate of 30.4%. The business is scheduled to report its next quarterly earnings report on Thursday, June 6th.
On average, analysts expect that FuelCell Energy will report full-year sales of $82.30 million for the current year, with estimates ranging from $71.80 million to $92.80 million. For the next year, analysts expect that the firm will report sales of $97.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, March 7th. The energy company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.16). The company had revenue of $17.78 million for the quarter, compared to the consensus estimate of $11.50 million. FuelCell Energy had a negative net margin of 88.47% and a negative return on equity of 53.97%. During the same period in the prior year, the firm posted ($0.12) EPS.
Several research firms have recently weighed in on FCEL. Craig Hallum downgraded FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. B. Riley set a $3.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, January 11th. Finally, Cowen set a $3.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. FuelCell Energy currently has an average rating of “Hold” and an average price target of $1.94.
NASDAQ FCEL opened at $0.28 on Tuesday. The company has a market cap of $35.09 million, a PE ratio of -0.35 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.71 and a current ratio of 1.33. FuelCell Energy has a fifty-two week low of $0.24 and a fifty-two week high of $2.10.
Institutional investors have recently made changes to their positions in the business. Osborn Williams & Donohoe LLC bought a new position in FuelCell Energy in the 4th quarter valued at $39,000. Vanguard Group Inc grew its position in FuelCell Energy by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after acquiring an additional 220,519 shares during the last quarter. GSA Capital Partners LLP bought a new position in FuelCell Energy in the 4th quarter valued at $90,000. Brave Asset Management Inc. grew its position in FuelCell Energy by 87.0% in the 4th quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock valued at $59,000 after acquiring an additional 49,600 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in FuelCell Energy by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after acquiring an additional 220,519 shares during the last quarter. 15.80% of the stock is currently owned by institutional investors.
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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
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