FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Meets Expectations

Posted by Maria Luz-Campos on Sep 6th, 2024

FuelCell Energy (NASDAQ:FCEL – Get Free Report) posted its earnings results on Thursday. The energy company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07), RTT News reports. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. During the same period in the prior year, the company earned ($0.06) EPS.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $0.42 on Friday. The firm has a market capitalization of $208.11 million, a PE ratio of -1.67 and a beta of 3.87. The stock’s fifty day moving average is $0.52 and its 200 day moving average is $0.82. FuelCell Energy has a fifty-two week low of $0.37 and a fifty-two week high of $1.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.80 and a current ratio of 6.55.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FCEL. UBS Group lowered their target price on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. B. Riley raised shares of FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th.

Check Out Our Latest Analysis on FCEL

About FuelCell Energy

(Get Free Report)

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.