Zacks: Analysts Expect FuelCell Energy, Inc. (FCEL) to Post -$0.20 Earnings Per Share
Equities research analysts expect that FuelCell Energy, Inc. (NASDAQ:FCEL) will report earnings per share of ($0.20) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for FuelCell Energy’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.23). FuelCell Energy reported earnings of ($0.41) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.2%. The business is scheduled to report its next quarterly earnings report on Thursday, January 11th.
According to Zacks, 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 forecast that the company will report earnings of ($0.70) per share, with EPS estimates ranging from ($0.80) to ($0.59). Zacks’ earnings per share calculations 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 issued its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.08). The firm had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The company’s quarterly revenue was down 52.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) EPS.
A number of analysts have recently weighed in on FCEL shares. Cowen and Company set a $2.00 price target on shares of FuelCell Energy and gave the company a “buy” rating in a report on Friday, August 11th. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Raymond James Financial, Inc. started coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They issued a “market perform” rating on the stock. Finally, Roth Capital restated a “neutral” rating and issued a $1.50 price target on shares of FuelCell Energy in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.90.
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Hedge funds have recently added to or reduced their stakes in the stock. LMR Partners LLP acquired a new stake in FuelCell Energy in the 2nd quarter worth approximately $142,000. Bank of New York Mellon Corp boosted its stake in FuelCell Energy by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after purchasing an additional 14,521 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after purchasing an additional 65,392 shares in the last quarter. CNA Financial Corp boosted its stake in FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after purchasing an additional 155,367 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in FuelCell Energy in the 1st quarter worth approximately $600,000. Institutional investors own 13.95% of the company’s stock.
FuelCell Energy (NASDAQ FCEL) opened at 2.17 on Friday. FuelCell Energy has a 52 week low of $0.80 and a 52 week high of $3.55. The stock has a 50 day moving average of $1.90 and a 200 day moving average of $1.47. The company’s market cap is $133.42 million.
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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