FuelCell Energy (FCEL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

FuelCell Energy (NASDAQ:FCEL) announced its quarterly earnings results on Thursday. The energy company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01), RTT News reports. FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. The business had revenue of $17.88 million for the quarter, compared to analysts’ expectations of $15.93 million.

FCEL stock traded down $0.03 during trading on Friday, reaching $0.52. The stock had a trading volume of 43,037 shares, compared to its average volume of 1,655,995. FuelCell Energy has a 1-year low of $0.47 and a 1-year high of $2.17. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.94 and a quick ratio of 1.23. The firm has a market capitalization of $52.24 million, a P/E ratio of -0.47 and a beta of 1.73.

In other news, Director John A. Rolls acquired 100,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $0.75 per share, for a total transaction of $75,000.00. Following the acquisition, the director now directly owns 417,274 shares of the company’s stock, valued at approximately $312,955.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.11% of the company’s stock.



A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc raised its stake in shares of FuelCell Energy by 6.2% in the 3rd quarter. Vanguard Group Inc now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after purchasing an additional 220,519 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FuelCell Energy by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock valued at $4,069,000 after purchasing an additional 220,519 shares in the last quarter. Robecosam AG raised its stake in shares of FuelCell Energy by 16.7% in the 3rd quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock valued at $1,540,000 after purchasing an additional 200,000 shares in the last quarter. Northern Trust Corp raised its stake in shares of FuelCell Energy by 437.8% in the 2nd quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock valued at $1,149,000 after purchasing an additional 708,722 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of FuelCell Energy by 385.2% in the 2nd quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock valued at $6,364,000 after purchasing an additional 3,827,437 shares in the last quarter. Hedge funds and other institutional investors own 21.82% of the company’s stock.

A number of brokerages recently weighed in on FCEL. Zacks Investment Research raised shares of FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Tuesday, November 27th. Roth Capital cut shares of FuelCell Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research report on Friday, November 23rd. Finally, ValuEngine cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2.19.

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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 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.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History for FuelCell Energy (NASDAQ:FCEL)

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