Zacks: Brokerages Anticipate FuelCell Energy, Inc. (FCEL) Will Post Earnings of -$0.19 Per Share
Equities analysts predict that FuelCell Energy, Inc. (NASDAQ:FCEL) will announce ($0.19) earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for FuelCell Energy’s earnings, with estimates ranging from ($0.20) to ($0.18). FuelCell Energy posted earnings of ($0.41) per share in the same quarter last year, which suggests a positive year over year growth rate of 53.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 11th.
On average, analysts expect that FuelCell Energy will report full year earnings of ($1.19) per share for the current year, with EPS estimates ranging from ($1.22) to ($1.16). For the next financial year, analysts anticipate that the business will post earnings of ($0.68) per share, with EPS estimates ranging from ($0.80) to ($0.59). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.08). The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The firm’s revenue for the quarter was down 52.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.38) EPS.
Several research analysts have recently weighed in on the company. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Cowen and Company restated an “outperform” rating and issued a $2.50 price target on shares of FuelCell Energy in a research note on Wednesday. Roth Capital restated a “neutral” rating and issued a $1.50 price target on shares of FuelCell Energy in a research note on Tuesday, September 12th. Raymond James Financial, Inc. assumed coverage on FuelCell Energy in a research note on Tuesday, August 15th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $1.88.
Institutional investors have recently bought and sold shares of the stock. KBC Group NV increased its position in FuelCell Energy by 36.8% during the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after acquiring an additional 23,231 shares during the last quarter. Robecosam AG increased its position in FuelCell Energy by 16.7% during the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after acquiring an additional 100,000 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new stake in FuelCell Energy during the first quarter valued at $600,000. Bank of New York Mellon Corp increased its position in FuelCell Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after acquiring an additional 14,521 shares during the last quarter. Finally, CNA Financial Corp increased its position in FuelCell Energy by 300.0% during the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the last quarter. Institutional investors own 13.99% of the company’s stock.
Shares of FuelCell Energy (FCEL) traded up 5.45% on Thursday, reaching $1.74. The company’s stock had a trading volume of 2,839,959 shares. The stock has a 50-day moving average of $1.50 and a 200 day moving average of $1.35. The company’s market cap is $106.98 million. FuelCell Energy has a 52-week low of $0.80 and a 52-week high of $5.67.
About FuelCell Energy
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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