FuelCell Energy Inc (FCEL) to Post Q1 2019 Earnings of ($0.15) Per Share, B. Riley Forecasts

FuelCell Energy Inc (NASDAQ:FCEL) – Research analysts at B. Riley issued their Q1 2019 earnings estimates for FuelCell Energy in a research report issued to clients and investors on Friday. B. Riley analyst C. Driscoll anticipates that the energy company will post earnings per share of ($0.15) for the quarter. B. Riley has a “Buy” rating and a $3.50 price objective on the stock. B. Riley also issued estimates for FuelCell Energy’s Q2 2019 earnings at ($0.14) EPS, Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.52) EPS.

Other equities research analysts have also issued research reports about the company. Roth Capital set a $2.00 price objective on FuelCell Energy and gave the company a “hold” rating in a research note on Thursday. Cowen set a $3.00 price objective on FuelCell Energy and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. CIBC began coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 price objective for the company. Finally, Oppenheimer began coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.17.

FuelCell Energy (FCEL) traded down $0.03 during mid-day trading on Monday, hitting $1.98. The stock had a trading volume of 3,380,700 shares, compared to its average volume of 2,234,244. The company has a current ratio of 2.08, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. FuelCell Energy has a fifty-two week low of $0.80 and a fifty-two week high of $2.49. The firm has a market capitalization of $138.42, a price-to-earnings ratio of -1.65 and a beta of 1.95.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.05. FuelCell Energy had a negative return on equity of 51.62% and a negative net margin of 56.35%. The business had revenue of $47.90 million during the quarter, compared to analyst estimates of $25.90 million. During the same quarter last year, the firm earned ($0.41) earnings per share. The company’s revenue for the quarter was up 95.5% compared to the same quarter last year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Robecosam AG grew its stake in FuelCell Energy by 26.3% during the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 250,000 shares in the last quarter. Vanguard Group Inc. lifted 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 buying an additional 946,548 shares during the last quarter. KBC Group NV lifted its holdings in FuelCell Energy by 170.5% during the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after buying an additional 147,155 shares during the last quarter. CNA Financial Corp lifted its holdings in FuelCell Energy by 112.3% during the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after buying an additional 232,695 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 worth $171,000 after buying an additional 65,392 shares during the last quarter. Hedge funds and other institutional investors own 14.56% of the company’s stock.

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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.

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

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