Analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to announce ($0.18) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FuelCell Energy’s earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.14). FuelCell Energy posted earnings of ($0.31) per share during the same quarter last year, which would suggest a positive year over year growth rate of 41.9%. The business is expected to issue its next earnings report on Thursday, September 6th.
On average, analysts expect that FuelCell Energy will report full year earnings of ($0.68) per share for the current fiscal year, with EPS estimates ranging from ($0.80) to ($0.52). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.60) to ($0.39). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, June 7th. The energy company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. The firm had revenue of $20.83 million during the quarter, compared to analysts’ expectations of $20.43 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share.
FuelCell Energy opened at $1.77 on Tuesday, according to MarketBeat Ratings. FuelCell Energy has a 12-month low of $1.10 and a 12-month high of $2.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.33 and a quick ratio of 1.62. The stock has a market capitalization of $157.32 million, a PE ratio of -1.59 and a beta of 1.54.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock valued at $1,719,000 after acquiring an additional 32,376 shares during the period. Northern Trust Corp boosted its holdings in FuelCell Energy by 22.0% during the 1st quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock valued at $280,000 after acquiring an additional 29,141 shares during the period. KBC Group NV boosted its holdings in FuelCell Energy by 45.2% during the 1st quarter. KBC Group NV now owns 419,718 shares of the energy company’s stock valued at $726,000 after acquiring an additional 130,667 shares during the period. Goldman Sachs Group Inc. boosted its holdings in FuelCell Energy by 657.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after acquiring an additional 76,290 shares during the period. Finally, Deutsche Bank AG boosted its holdings in FuelCell Energy by 80,189.2% during the 4th quarter. Deutsche Bank AG now owns 542,755 shares of the energy company’s stock valued at $922,000 after acquiring an additional 542,079 shares during the period. Institutional investors own 15.96% of the company’s stock.
About FuelCell Energy
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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