Wall Street brokerages expect FuelCell Energy, Inc. (NASDAQ:FCEL) to post sales of $16.74 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FuelCell Energy's earnings, with the lowest sales estimate coming in at $15.10 million and the highest estimate coming in at $18.38 million. FuelCell Energy reported sales of $11.04 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.6%. The company is expected to announce its next quarterly earnings report on Wednesday, January 27th.
On average, analysts expect that FuelCell Energy will report full-year sales of $70.63 million for the current financial year, with estimates ranging from $69.00 million to $72.25 million. For the next financial year, analysts anticipate that the company will post sales of $86.04 million, with estimates ranging from $74.30 million to $97.77 million. Zacks Investment Research's sales calculations are a mean average based on a survey of analysts that cover FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, September 10th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The business had revenue of $18.73 million for the quarter, compared to analysts' expectations of $13.40 million. FuelCell Energy had a negative return on equity of 74.92% and a negative net margin of 162.42%. During the same quarter in the prior year, the company posted ($0.18) earnings per share.
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Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of FuelCell Energy from a "buy" rating to a "hold" rating in a report on Friday. ValuEngine cut FuelCell Energy from a "buy" rating to a "hold" rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. assumed coverage on FuelCell Energy in a research note on Thursday, October 8th. They issued an "overweight" rating for the company. BidaskClub lowered FuelCell Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Finally, Oppenheimer restated a "hold" rating on shares of FuelCell Energy in a report on Thursday, September 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of $2.00.
Shares of FCEL stock opened at $2.39 on Friday. FuelCell Energy has a 1-year low of $0.39 and a 1-year high of $3.50. The firm has a market cap of $691.66 million, a PE ratio of -4.19 and a beta of 2.19. The company has a 50-day moving average of $2.31 and a two-hundred day moving average of $2.40. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.69 and a quick ratio of 1.74.
Several large investors have recently bought and sold shares of FCEL. Beirne Wealth Consulting Services LLC purchased a new stake in shares of FuelCell Energy during the third quarter worth $26,000. Raymond James & Associates purchased a new stake in FuelCell Energy during the 3rd quarter worth about $26,000. Sigma Planning Corp acquired a new stake in FuelCell Energy in the 2nd quarter valued at about $34,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of FuelCell Energy by 56.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 16,152 shares of the energy company's stock valued at $37,000 after buying an additional 5,815 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of FuelCell Energy during the second quarter worth about $37,000. Institutional investors and hedge funds own 25.30% of the company's stock.
FuelCell Energy Company Profile
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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