FuelCell Energy (NASDAQ:FCEL) Announces Earnings Results

FuelCell Energy (NASDAQ:FCEL – Get Rating) released its earnings results on Thursday. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03), Briefing.com reports. FuelCell Energy had a negative return on equity of 12.95% and a negative net margin of 110.65%. The business had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $32.32 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis.

Shares of FuelCell Energy stock opened at $3.80 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.89 and a current ratio of 6.76. FuelCell Energy has a 12 month low of $2.87 and a 12 month high of $11.63. The stock’s fifty day moving average price is $4.39 and its 200-day moving average price is $5.35.

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank boosted its position in FuelCell Energy by 12.2% during the fourth quarter. Amalgamated Bank now owns 60,950 shares of the energy company’s stock valued at $317,000 after purchasing an additional 6,606 shares in the last quarter. Vident Investment Advisory LLC boosted its position in FuelCell Energy by 14.0% during the fourth quarter. Vident Investment Advisory LLC now owns 53,200 shares of the energy company’s stock valued at $277,000 after purchasing an additional 6,516 shares in the last quarter. Janus Henderson Group PLC bought a new stake in FuelCell Energy during the third quarter valued at about $218,000. Advisors Asset Management Inc. bought a new stake in FuelCell Energy during the fourth quarter valued at about $212,000. Finally, Private Advisor Group LLC boosted its holdings in FuelCell Energy by 134.3% in the first quarter. Private Advisor Group LLC now owns 34,600 shares of the energy company’s stock worth $200,000 after acquiring an additional 19,832 shares in the last quarter. 42.07% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded 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 research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.67.

About FuelCell Energy (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.

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