FuelCell Energy (FCEL) Releases Quarterly Earnings Results
FuelCell Energy (NASDAQ:FCEL) released its quarterly earnings results on Thursday. The energy company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01), RTT News reports. The firm had revenue of $12.11 million for the quarter, compared to analysts’ expectations of $11.57 million. FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 44.64%. During the same period in the previous year, the company posted ($0.31) earnings per share.
FCEL stock opened at $1.12 on Friday. FuelCell Energy has a one year low of $1.00 and a one year high of $2.49. The company has a current ratio of 2.33, a quick ratio of 1.62 and a debt-to-equity ratio of 0.81.
In other news, Chairman John A. Rolls purchased 152,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was acquired at an average cost of $1.31 per share, with a total value of $199,120.00. Following the completion of the transaction, the chairman now owns 317,274 shares in the company, valued at approximately $415,628.94. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company’s stock.
Several analysts have commented on the stock. B. Riley set a $4.00 price target on shares of FuelCell Energy and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Finally, ValuEngine raised shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $3.50.
About FuelCell Energy
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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