Brokerages expect FuelCell Energy, Inc. (NASDAQ:FCEL) to post ($0.23) earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for FuelCell Energy’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.20). FuelCell Energy reported earnings of ($0.38) per share during the same quarter last year, which indicates a positive year over year growth rate of 39.5%. The company is expected to issue its next quarterly earnings report on Wednesday, September 6th.

According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($1.12) per share for the current year, with EPS estimates ranging from ($1.23) to ($1.06). For the next year, analysts expect that the company will report earnings of ($0.71) per share, with EPS estimates ranging from ($0.82) to ($0.67). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, June 8th. The energy company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.06. The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $19.30 million. FuelCell Energy had a negative net margin of 60.75% and a negative return on equity of 44.42%. The firm’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.56) earnings per share.

Several research firms recently issued reports on FCEL. Zacks Investment Research cut FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Cowen and Company cut their target price on FuelCell Energy from $2.50 to $2.00 and set an “outperform” rating on the stock in a research note on Friday, June 9th. ValuEngine cut FuelCell Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Roth Capital reissued a “neutral” rating and issued a $1.50 target price (down from $2.00) on shares of FuelCell Energy in a research note on Monday, March 13th. Finally, FBR & Co reissued a “market perform” rating and issued a $2.50 target price on shares of FuelCell Energy in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1.75.

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in FuelCell Energy by 9.2% in the first quarter. Geode Capital Management LLC now owns 263,067 shares of the energy company’s stock valued at $361,000 after buying an additional 22,250 shares during the last quarter. Vanguard Group Inc. boosted its stake in FuelCell Energy by 68.5% in the first quarter. Vanguard Group Inc. now owns 952,157 shares of the energy company’s stock valued at $1,310,000 after buying an additional 387,230 shares during the last quarter. Robecosam AG boosted its stake in FuelCell Energy by 16.7% in the first quarter. Robecosam AG now owns 700,000 shares of the energy company’s stock valued at $998,000 after buying an additional 100,000 shares during the last quarter. KBC Group NV boosted its stake in FuelCell Energy by 36.8% in the first quarter. KBC Group NV now owns 86,310 shares of the energy company’s stock valued at $119,000 after buying an additional 23,231 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in FuelCell Energy by 1,717.4% in the first quarter. Levin Capital Strategies L.P. now owns 310,776 shares of the energy company’s stock valued at $427,000 after buying an additional 293,676 shares during the last quarter. 14.51% of the stock is currently owned by institutional investors.

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Shares of FuelCell Energy (NASDAQ:FCEL) traded up 1.61% on Monday, hitting $1.26. The stock had a trading volume of 601,900 shares. The firm’s market capitalization is $75.06 million. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $6.44. The firm has a 50 day moving average of $1.08 and a 200-day moving average of $1.45.

FuelCell Energy Company Profile

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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Earnings History and Estimates for FuelCell Energy (NASDAQ:FCEL)

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