FuelCell Energy Inc (FCEL) Expected to Announce Earnings of -$0.20 Per Share

Brokerages forecast that FuelCell Energy Inc (NASDAQ:FCEL) will post ($0.20) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for FuelCell Energy’s earnings, with estimates ranging from ($0.21) to ($0.19). FuelCell Energy reported earnings per share of ($0.35) during the same quarter last year, which indicates a positive year-over-year growth rate of 42.9%. The company is scheduled to report its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that FuelCell Energy will report full year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.80) to ($0.69). For the next fiscal year, analysts forecast that the company will post earnings of ($0.52) per share, with EPS estimates ranging from ($0.53) to ($0.52). Zacks’ EPS averages are an 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, January 11th. The energy company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $47.90 million during the quarter, compared to the consensus estimate of $25.90 million. During the same period in the previous year, the company posted ($0.41) EPS. The firm’s revenue for the quarter was up 95.5% compared to the same quarter last year.

Several research firms recently issued reports on FCEL. Cowen set a $3.00 price target on FuelCell Energy and gave the company a “buy” rating in a research note on Thursday, January 11th. Roth Capital upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2.00 to $4.00 in a research note on Friday. B. Riley restated a “neutral” rating on shares of FuelCell Energy in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.50.

Shares of FuelCell Energy (NASDAQ FCEL) traded up $0.12 during midday trading on Monday, hitting $1.77. The stock had a trading volume of 1,652,157 shares, compared to its average volume of 1,673,568. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.08 and a quick ratio of 1.32. FuelCell Energy has a one year low of $0.80 and a one year high of $2.49. The company has a market cap of $133.95, a P/E ratio of -1.48 and a beta of 1.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in FuelCell Energy by 154.5% in the 4th quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after purchasing an additional 37,661 shares during the period. 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 valued at $171,000 after purchasing an additional 65,392 shares during the period. KBC Group NV raised its holdings 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 acquiring an additional 147,155 shares in the last quarter. CNA Financial Corp raised its holdings 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 acquiring an additional 232,695 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in FuelCell Energy by 36.8% in the 4th quarter. BlackRock Inc. now owns 961,140 shares of the energy company’s stock valued at $1,635,000 after acquiring an additional 258,559 shares in the last quarter. Institutional investors and hedge funds own 13.53% of the company’s stock.

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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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