Analysts Expect FuelCell Energy Inc (FCEL) Will Announce Earnings of -$2.04 Per Share

Equities research analysts predict that FuelCell Energy Inc (NASDAQ:FCEL) will announce earnings per share (EPS) of ($2.04) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for FuelCell Energy’s earnings, with the highest EPS estimate coming in at ($1.56) and the lowest estimate coming in at ($2.64). FuelCell Energy reported earnings per share of ($2.77) during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.4%. The company is scheduled to report its next earnings results on Thursday, June 6th.

According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($10.38) per share for the current fiscal year, with EPS estimates ranging from ($11.29) to ($9.48). For the next year, analysts expect that the business will report earnings of ($7.08) per share, with EPS estimates ranging from ($9.48) to ($4.68). Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported ($3.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.04) by ($1.92). FuelCell Energy had a negative return on equity of 53.97% and a negative net margin of 88.47%. The firm had revenue of $17.78 million during the quarter, compared to analysts’ expectations of $11.50 million. During the same quarter in the previous year, the firm earned ($1.44) earnings per share.

A number of equities analysts recently weighed in on FCEL shares. Zacks Investment Research lowered shares of FuelCell Energy from a “buy” rating to a “sell” rating in a report on Tuesday, January 15th. Cowen set a $36.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a research note on Friday, March 8th. Craig Hallum lowered shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, ValuEngine upgraded shares of FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. FuelCell Energy presently has an average rating of “Hold” and a consensus price target of $23.25.

NASDAQ FCEL traded down $0.19 during mid-day trading on Monday, reaching $1.51. The stock had a trading volume of 1,482,453 shares, compared to its average volume of 388,447. FuelCell Energy has a 1 year low of $1.50 and a 1 year high of $23.76. The firm has a market cap of $18.34 million, a P/E ratio of -0.16 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 1.14.

Institutional investors and hedge funds have recently made changes to their positions in the business. Osborn Williams & Donohoe LLC purchased a new stake in FuelCell Energy during the 4th quarter valued at $39,000. Brave Asset Management Inc. increased its stake in shares of FuelCell Energy by 87.0% in the 4th quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock worth $59,000 after purchasing an additional 49,600 shares in the last quarter. Rhumbline Advisers increased its stake in shares of FuelCell Energy by 38.2% in the 4th quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock worth $59,000 after purchasing an additional 29,580 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $90,000. Finally, KBC Group NV increased its stake in shares of FuelCell Energy by 37.8% in the 4th quarter. KBC Group NV now owns 329,667 shares of the energy company’s stock worth $181,000 after purchasing an additional 90,391 shares in the last quarter. Institutional investors and hedge funds own 15.87% 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 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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