Analysts forecast that FuelCell Energy, Inc. (NASDAQ:FCEL) will post sales of $25.03 million for the current quarter, Zacks reports. Four analysts have issued estimates for FuelCell Energy’s earnings. The highest sales estimate is $32.20 million and the lowest is $19.10 million. FuelCell Energy posted sales of $24.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is expected to report its next quarterly earnings report on Thursday, January 11th.

According to Zacks, analysts expect that FuelCell Energy will report full-year sales of $25.03 million for the current financial year, with estimates ranging from $66.90 million to $80.00 million. For the next financial year, analysts anticipate that the business will post sales of $111.07 million per share, with estimates ranging from $102.10 million to $118.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $16.78 million. During the same period last year, the business earned ($0.38) earnings per share. The company’s quarterly revenue was down 52.3% on a year-over-year basis.

FCEL has been the topic of several recent analyst reports. Cowen and Company set a $2.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Monday, July 10th. Raymond James Financial, Inc. initiated coverage on FuelCell Energy in a research report on Tuesday, August 15th. They set a “market perform” rating on the stock. Zacks Investment Research raised FuelCell Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Oppenheimer Holdings, Inc. initiated coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price on the stock. Finally, CIBC initiated coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.90.

A number of institutional investors have recently bought and sold shares of FCEL. LMR Partners LLP purchased a new stake in FuelCell Energy during the 2nd quarter valued at about $142,000. Bank of New York Mellon Corp grew its stake in FuelCell Energy by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock valued at $170,000 after purchasing an additional 14,521 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in FuelCell Energy by 90.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the last quarter. CNA Financial Corp grew its stake in FuelCell Energy by 300.0% during the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after purchasing an additional 155,367 shares during the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new stake in FuelCell Energy during the 1st quarter valued at about $600,000. Institutional investors and hedge funds own 13.92% of the company’s stock.

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FuelCell Energy (NASDAQ:FCEL) traded down 0.47% during midday trading on Tuesday, hitting $2.13. The company had a trading volume of 269,927 shares. FuelCell Energy has a 52 week low of $0.80 and a 52 week high of $3.40. The stock has a 50 day moving average price of $1.92 and a 200-day moving average price of $1.47. The stock’s market capitalization is $130.96 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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Earnings History and Estimates for FuelCell Energy (NASDAQ:FCEL)

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