FuelCell Energy (NASDAQ:FCEL) Releases Earnings Results, Misses Expectations By $0.01 EPS

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

FCEL stock traded up $0.31 during mid-day trading on Friday, hitting $10.37. 485,212 shares of the company were exchanged, compared to its average volume of 34,178,797. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -28.30 and a beta of 5.03. FuelCell Energy has a 12-month low of $1.58 and a 12-month high of $29.44. The company has a quick ratio of 4.08, a current ratio of 5.25 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $9.88.

A number of brokerages recently issued reports on FCEL. Canaccord Genuity dropped their price objective on shares of FuelCell Energy from $13.50 to $9.00 and set a “hold” rating for the company in a report on Friday. Northcoast Research began coverage on shares of FuelCell Energy in a report on Tuesday, March 30th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, March 5th. Wells Fargo & Company initiated coverage on shares of FuelCell Energy in a report on Monday, April 19th. They issued an “underweight” rating and a $9.00 price objective for the company. Finally, Zacks Investment Research raised shares of FuelCell Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 2nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $9.75.

In other news, Director John Christopher Groobey sold 16,000 shares of the stock in a transaction dated Friday, April 9th. The shares were sold at an average price of $12.56, for a total transaction of $200,960.00. Following the sale, the director now owns 84,979 shares of the company’s stock, valued at $1,067,336.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer D. Arasimowicz sold 8,000 shares of the stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $13.46, for a total transaction of $107,680.00. 0.06% of the stock is currently owned by corporate insiders.

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.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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