FuelCell Energy (NASDAQ:FCEL) Issues Quarterly Earnings Results

FuelCell Energy (NASDAQ:FCELGet Rating) posted its quarterly earnings data on Thursday. The energy company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02), Briefing.com reports. The firm had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $32.32 million. FuelCell Energy had a negative net margin of 110.65% and a negative return on equity of 12.95%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS.

NASDAQ FCEL opened at $3.80 on Friday. The company has a fifty day moving average of $4.39 and a 200-day moving average of $5.35. FuelCell Energy has a 52-week low of $2.87 and a 52-week high of $11.63. The company has a quick ratio of 5.89, a current ratio of 6.76 and a debt-to-equity ratio of 0.14.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research note on Thursday, June 2nd. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, FuelCell Energy presently has a consensus rating of “Hold” and an average target price of $5.67.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in FuelCell Energy by 23.3% in the 1st quarter. Bank of America Corp DE now owns 388,147 shares of the energy company’s stock worth $2,236,000 after purchasing an additional 73,446 shares during the period. Toroso Investments LLC increased its position in shares of FuelCell Energy by 69.4% in the first quarter. Toroso Investments LLC now owns 288,562 shares of the energy company’s stock valued at $1,662,000 after acquiring an additional 118,221 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of FuelCell Energy by 513.0% in the first quarter. BNP Paribas Arbitrage SA now owns 805,976 shares of the energy company’s stock valued at $4,642,000 after acquiring an additional 674,506 shares during the period. Advisors Asset Management Inc. increased its position in shares of FuelCell Energy by 58.9% in the first quarter. Advisors Asset Management Inc. now owns 64,692 shares of the energy company’s stock valued at $373,000 after acquiring an additional 23,975 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of FuelCell Energy in the first quarter valued at about $1,651,000. Institutional investors own 42.07% of the company’s stock.

FuelCell Energy Company Profile (Get Rating)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

Recommended Stories

Earnings History for FuelCell Energy (NASDAQ:FCEL)

Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.