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.
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.
- Get a free copy of the StockNews.com research report on FuelCell Energy (FCEL)
- Campbell Soup Company Is Why Staples Stocks Will Outperform
- Nutanix Stock Bestows a Cheap Entry
- The Institutions Are Rotating Into Olli’s Bargain Outlet
- Inflation, An Economic Winter Is Approaching
- Microcap Oil-Dri Corporation Is A Buy For Income Investors
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.