Analysts forecast that FuelCell Energy, Inc. (NASDAQ:FCEL) will post $25.04 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for FuelCell Energy’s earnings. The lowest sales estimate is $19.10 million and the highest is $32.20 million. FuelCell Energy reported sales of $24.47 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 11th.

On average, analysts expect that FuelCell Energy will report full year sales of $25.04 million for the current financial year, with estimates ranging from $66.90 million to $80.00 million. For the next fiscal year, analysts forecast that the company will post sales of $111.08 million per share, with estimates ranging from $102.10 million to $118.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover FuelCell Energy.

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

A number of research analysts recently weighed in on the stock. FBR & Co restated a “hold” rating on shares of FuelCell Energy in a report on Tuesday, September 5th. Roth Capital restated a “neutral” rating and issued a $1.50 price objective on shares of FuelCell Energy in a report on Tuesday, September 12th. CIBC assumed coverage on shares of FuelCell Energy in a report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective for the company. B. Riley restated a “neutral” rating on shares of FuelCell Energy in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.90.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in FuelCell Energy by 99.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after acquiring an additional 946,548 shares in the last quarter. Robecosam AG raised its position in FuelCell Energy by 35.7% in the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after purchasing an additional 250,000 shares during the last quarter. CNA Financial Corp raised its position in FuelCell Energy by 112.3% in the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after purchasing an additional 232,695 shares during the last quarter. KBC Group NV raised its position in FuelCell Energy by 170.5% in the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after purchasing an additional 147,155 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in FuelCell Energy in the 2nd quarter valued at $142,000. Hedge funds and other institutional investors own 14.58% of the company’s stock.

FuelCell Energy (NASDAQ:FCEL) opened at $2.00 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. FuelCell Energy has a twelve month low of $0.80 and a twelve month high of $2.49.

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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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