Zacks: Brokerages Expect FuelCell Energy Inc (NASDAQ:FCEL) Will Post Earnings of -$1.15 Per Share

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Equities research analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will report earnings per share (EPS) of ($1.15) for the current quarter, according to Zacks. Two analysts have provided estimates for FuelCell Energy’s earnings. FuelCell Energy posted earnings of ($2.40) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 52.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, September 5th.

On average, analysts expect that FuelCell Energy will report full year earnings of ($5.62) per share for the current year. For the next year, analysts expect that the business will report earnings of ($1.41) per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover FuelCell Energy.

A number of research firms have weighed in on FCEL. CIBC restated a “market perform” rating on shares of FuelCell Energy in a research note on Thursday, June 6th. Zacks Investment Research cut FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Cowen cut FuelCell Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Oppenheimer cut FuelCell Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Finally, ValuEngine upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.19.

A number of hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in FuelCell Energy by 2.7% in the 4th quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock valued at $495,000 after acquiring an additional 23,584 shares during the period. Bank of New York Mellon Corp boosted its holdings in FuelCell Energy by 21.2% in the 4th quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock valued at $186,000 after purchasing an additional 59,111 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FuelCell Energy by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock valued at $497,000 after purchasing an additional 64,539 shares in the last quarter. Loews Corp boosted its holdings in FuelCell Energy by 100.0% in the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after purchasing an additional 67,825 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in FuelCell Energy by 10.5% in the 4th quarter. BlackRock Inc. now owns 5,361,175 shares of the energy company’s stock valued at $2,951,000 after purchasing an additional 510,542 shares in the last quarter.

Shares of NASDAQ:FCEL traded down $0.02 during midday trading on Tuesday, hitting $0.32. The company had a trading volume of 5,209,436 shares, compared to its average volume of 7,013,803. FuelCell Energy has a twelve month low of $0.13 and a twelve month high of $14.64. The company has a current ratio of 0.94, a quick ratio of 0.43 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $9.47 million, a PE ratio of -0.03 and a beta of 1.18. The firm’s 50-day moving average is $0.42.

FuelCell Energy Company Profile

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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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