Analysts expect that FuelCell Energy, Inc. (NASDAQ:FCEL) will report earnings per share (EPS) of ($0.23) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for FuelCell Energy’s earnings, with estimates ranging from ($0.28) to ($0.20). FuelCell Energy reported earnings per share of ($0.38) in the same quarter last year, which would suggest a positive year over year growth rate of 39.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, September 6th.
On average, analysts expect that FuelCell Energy will report full year earnings of ($1.12) per share for the current financial year, with EPS estimates ranging from ($1.23) to ($1.06). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.71) per share, with EPS estimates ranging from ($0.82) to ($0.67). Zacks’ earnings per share averages are an average based on a survey of analysts that follow FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, June 8th. The energy company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.06. FuelCell Energy had a negative net margin of 60.75% and a negative return on equity of 44.42%. The business had revenue of $20.40 million during the quarter, compared to the consensus estimate of $19.30 million. During the same quarter in the previous year, the business posted ($0.56) EPS. The company’s revenue for the quarter was down 28.7% on a year-over-year basis.
A number of equities research analysts recently issued reports on the company. Roth Capital reiterated a “neutral” rating and issued a $1.50 price objective (down previously from $2.00) on shares of FuelCell Energy in a research report on Monday, March 13th. FBR & Co reiterated a “market perform” rating and issued a $2.50 price objective on shares of FuelCell Energy in a research report on Saturday, March 11th. Zacks Investment Research upgraded FuelCell Energy from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research report on Wednesday, May 10th. Cowen and Company lowered their price target on FuelCell Energy from $2.50 to $2.00 and set an “outperform” rating on the stock in a research report on Friday, June 9th. Finally, ValuEngine downgraded FuelCell Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. FuelCell Energy has an average rating of “Hold” and a consensus target price of $1.75.
Shares of FuelCell Energy (FCEL) traded up 1.61% during trading on Monday, hitting $1.26. The stock had a trading volume of 601,900 shares. The firm’s 50 day moving average is $1.08 and its 200 day moving average is $1.45. The company’s market cap is $75.06 million. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $6.44.
Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in FuelCell Energy by 9.2% in the first quarter. Geode Capital Management LLC now owns 263,067 shares of the energy company’s stock worth $361,000 after buying an additional 22,250 shares during the last quarter. Vanguard Group Inc. increased its stake in FuelCell Energy by 68.5% in the first quarter. Vanguard Group Inc. now owns 952,157 shares of the energy company’s stock worth $1,310,000 after buying an additional 387,230 shares during the last quarter. Robecosam AG increased its stake in FuelCell Energy by 16.7% in the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock worth $998,000 after buying an additional 100,000 shares during the last quarter. KBC Group NV increased its stake in FuelCell Energy by 36.8% in the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock worth $119,000 after buying an additional 23,231 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in FuelCell Energy by 1,717.4% in the first quarter. Levin Capital Strategies L.P. now owns 310,776 shares of the energy company’s stock worth $427,000 after buying an additional 293,676 shares during the last quarter. Institutional investors and hedge funds own 14.51% of the company’s stock.
FuelCell Energy Company Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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