Analysts Expect FuelCell Energy Inc (FCEL) to Post -$0.18 Earnings Per Share

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Brokerages predict that FuelCell Energy Inc (NASDAQ:FCEL) will report earnings of ($0.18) per share for the current quarter, according to Zacks. Three analysts have made estimates for FuelCell Energy’s earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.22). 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 firm is expected to announce its next earnings results on Thursday, September 6th.

According to Zacks, 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 expect that the business will report earnings of ($0.46) per share, with EPS estimates ranging from ($0.60) to ($0.39). Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, June 7th. The energy company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06). The company had revenue of $20.83 million during the quarter, compared to the consensus estimate of $20.43 million. FuelCell Energy had a negative net margin of 37.67% and a negative return on equity of 46.14%. During the same period in the prior year, the company earned ($0.33) earnings per share.

A number of research firms have commented on FCEL. B. Riley set a $4.00 target price on FuelCell Energy and gave the stock a “buy” rating in a report on Friday, June 8th. Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Wednesday, April 4th. Finally, ValuEngine upgraded FuelCell Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. FuelCell Energy has a consensus rating of “Hold” and an average target price of $3.50.

In related news, Chairman John A. Rolls purchased 152,000 shares of the company’s stock in a transaction dated Wednesday, June 27th. The shares were acquired at an average cost of $1.31 per share, for a total transaction of $199,120.00. Following the transaction, the chairman now owns 317,274 shares of the company’s stock, valued at $415,628.94. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.11% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in FuelCell Energy by 3.4% in 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. Renaissance Technologies LLC acquired a new stake in FuelCell Energy in the 4th quarter valued at approximately $1,479,000. Deutsche Bank AG increased its position in FuelCell Energy by 80,189.2% in 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. KBC Group NV increased its position in FuelCell Energy by 45.2% in 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. Finally, Hudson Bay Capital Management LP acquired a new stake in FuelCell Energy in the 4th quarter valued at approximately $651,000. Hedge funds and other institutional investors own 15.16% of the company’s stock.

FuelCell Energy stock opened at $1.32 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.62 and a debt-to-equity ratio of 0.81. FuelCell Energy has a twelve month low of $1.18 and a twelve month high of $2.49. The stock has a market capitalization of $113.47 million, a price-to-earnings ratio of -1.19 and a beta of 1.61.

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

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