FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

FuelCell Energy (NASDAQ:FCEL) posted its quarterly earnings results on Wednesday. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative return on equity of 39.99% and a negative net margin of 136.60%. During the same quarter in the prior year, the business earned ($0.07) EPS.

FCEL traded up $0.38 during trading on Friday, hitting $10.44. The stock had a trading volume of 330,775 shares, compared to its average volume of 34,178,797. The company has a current ratio of 5.25, a quick ratio of 4.08 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $9.88. FuelCell Energy has a one year low of $1.58 and a one year high of $29.44. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -28.30 and a beta of 5.03.

FCEL has been the topic of several recent analyst reports. B. Riley lowered their price objective on shares of FuelCell Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday. They noted that the move was a valuation call. Wells Fargo & Company assumed coverage on FuelCell Energy in a research report on Monday, April 19th. They set an “underweight” rating and a $9.00 price target on the stock. Northcoast Research began coverage on FuelCell Energy in a research report on Tuesday, March 30th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. decreased their target price on FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, March 5th. Finally, Canaccord Genuity dropped their price target on FuelCell Energy from $13.50 to $9.00 and set a “hold” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.75.

In other FuelCell Energy news, CAO Jennifer D. Arasimowicz sold 8,000 shares of the business’s stock in a transaction dated Tuesday, April 6th. The shares were sold at an average price of $13.46, for a total value of $107,680.00. Also, Director John Christopher Groobey sold 16,000 shares of the stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $12.56, for a total transaction of $200,960.00. Following the transaction, the director now owns 84,979 shares in the company, valued at approximately $1,067,336.24. The disclosure for this sale can be found here. Corporate insiders own 0.06% 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 baseload 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 carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

See Also: Bid-Ask Spread

Earnings History for FuelCell Energy (NASDAQ:FCEL)

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