FuelCell Energy (NASDAQ:FCEL) issued its earnings results on Monday. The energy company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Briefing.com reports. FuelCell Energy had a negative return on equity of 30.58% and a negative net margin of 153.45%. The firm had revenue of $26.82 million for the quarter, compared to the consensus estimate of $20.63 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s quarterly revenue was up 43.2% compared to the same quarter last year.
Shares of NASDAQ:FCEL opened at $6.44 on Wednesday. The business has a 50 day moving average price of $6.49 and a 200 day moving average price of $9.44. FuelCell Energy has a twelve month low of $1.58 and a twelve month high of $29.44. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -17.89 and a beta of 4.98. The company has a quick ratio of 3.32, a current ratio of 4.37 and a debt-to-equity ratio of 0.24.
An institutional investor recently raised its position in FuelCell Energy stock. Morgan Stanley raised its position in FuelCell Energy, Inc. (NASDAQ:FCEL) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,090,359 shares of the energy company’s stock after acquiring an additional 156,538 shares during the period. Morgan Stanley owned about 1.27% of FuelCell Energy worth $36,406,000 as of its most recent SEC filing. 40.58% of the stock is currently owned by institutional investors.
FuelCell Energy Company Profile
FuelCell Energy, Inc develops environmentally responsible distributed baseload power solutions through proprietary molten-carbonate fuel cell technology. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm’s fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines.
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