Analysts Anticipate FuelCell Energy Inc (FCEL) Will Post Earnings of -$0.19 Per Share

Equities research analysts predict that FuelCell Energy Inc (NASDAQ:FCEL) will report earnings of ($0.19) per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for FuelCell Energy’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.22). FuelCell Energy reported earnings of ($0.17) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The business is expected to announce its next earnings results on Thursday, January 10th.

According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($0.80) to ($0.71). For the next financial year, analysts expect that the business will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.60) to ($0.39). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. The company had revenue of $12.11 million during the quarter, compared to the consensus estimate of $11.57 million. During the same quarter last year, the firm posted ($0.31) EPS.

A number of equities research analysts have commented on FCEL shares. B. Riley set a $4.00 price target on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, September 7th. ValuEngine upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3.25.

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its position in shares of FuelCell Energy by 22.0% during the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock valued at $280,000 after purchasing an additional 29,141 shares in the last quarter. BlackRock Inc. boosted its position 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 valued at $1,719,000 after purchasing an additional 32,376 shares in the last quarter. Resource Management LLC boosted its position in shares of FuelCell Energy by 237.2% during the 2nd quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock valued at $111,000 after purchasing an additional 59,300 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of FuelCell Energy during the 2nd quarter valued at about $200,000. Finally, Bank of New York Mellon Corp boosted its position in shares of FuelCell Energy by 244.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock valued at $343,000 after purchasing an additional 184,181 shares in the last quarter. Institutional investors own 21.66% of the company’s stock.

Shares of NASDAQ FCEL traded down $0.01 during trading on Thursday, reaching $0.99. The company had a trading volume of 999,081 shares, compared to its average volume of 1,120,289. FuelCell Energy has a 12 month low of $0.95 and a 12 month high of $2.31. The firm has a market capitalization of $99.88 million, a PE ratio of -0.90 and a beta of 1.70. The company has a current ratio of 1.94, a quick ratio of 1.23 and a debt-to-equity ratio of 0.81.

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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