Equities analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will announce earnings of ($0.17) per share for the current quarter, Zacks reports. Two analysts have provided estimates for FuelCell Energy’s earnings. FuelCell Energy posted earnings of ($2.76) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 93.8%. The company is scheduled to report its next earnings report on Thursday, June 27th.
According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($5.62) per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of ($1.41) per share. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for FuelCell Energy.
Several equities research analysts have weighed in on the company. Cowen downgraded FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. CIBC reissued a “market perform” rating on shares of FuelCell Energy in a report on Thursday, June 6th. Oppenheimer downgraded FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.19.
Shares of NASDAQ FCEL opened at $0.16 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.43 and a current ratio of 0.94. The firm has a market capitalization of $5.05 million, a P/E ratio of -0.02 and a beta of 1.86. The business has a 50-day simple moving average of $0.87. FuelCell Energy has a fifty-two week low of $0.15 and a fifty-two week high of $17.52.
Several institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in shares of FuelCell Energy by 2.7% during the fourth quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock worth $495,000 after purchasing an additional 23,584 shares during the period. Rhumbline Advisers lifted its holdings in shares of FuelCell Energy by 38.2% during the fourth quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock worth $59,000 after purchasing an additional 29,580 shares during the period. Bank of New York Mellon Corp raised its position in FuelCell Energy by 21.2% during the fourth quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock valued at $186,000 after acquiring an additional 59,111 shares in the last quarter. Geode Capital Management LLC raised its position in FuelCell Energy by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock valued at $497,000 after acquiring an additional 64,539 shares in the last quarter. Finally, Loews Corp raised its position in FuelCell Energy by 100.0% during the first quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after acquiring an additional 67,825 shares in the last quarter.
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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
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