FuelCell Energy (NASDAQ:FCEL) issued its quarterly earnings results on Thursday. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative net margin of 136.60% and a negative return on equity of 39.99%. During the same period last year, the firm earned ($0.07) EPS.
Shares of NASDAQ FCEL opened at $10.06 on Friday. The business’s 50 day moving average price is $9.88. FuelCell Energy has a 1-year low of $1.58 and a 1-year high of $29.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.08 and a current ratio of 5.25. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -27.19 and a beta of 5.03.
FCEL has been the subject of several recent research reports. Wells Fargo & Company began coverage on FuelCell Energy in a research report on Monday, April 19th. They set an “underweight” rating and a $9.00 price target for the company. B. Riley began coverage on FuelCell Energy in a research report on Friday, April 16th. They issued a “neutral” rating and a $11.00 price objective for the company. Northcoast Research began coverage on FuelCell Energy in a research report on Tuesday, March 30th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut their price objective on FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, March 5th. Finally, Zacks Investment Research raised FuelCell Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 2nd. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.92.
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 baseload 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 carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
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