FuelCell Energy (NASDAQ:FCEL) announced its earnings results on Monday. The energy company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Briefing.com reports. The company had revenue of $26.82 million for the quarter, compared to analyst estimates of $20.63 million. FuelCell Energy had a negative return on equity of 30.58% and a negative net margin of 153.45%. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share.
NASDAQ:FCEL traded down $0.24 during trading hours on Wednesday, hitting $6.20. The company’s stock had a trading volume of 757,522 shares, compared to its average volume of 29,021,572. The stock has a market capitalization of $2.00 billion, a P/E ratio of -17.89 and a beta of 4.98. The stock has a fifty day moving average of $6.49 and a 200-day moving average of $9.44. The company has a current ratio of 4.37, a quick ratio of 3.32 and a debt-to-equity ratio of 0.24. FuelCell Energy has a 52-week low of $1.58 and a 52-week high of $29.44.
An institutional investor recently raised its position in FuelCell Energy stock. Morgan Stanley boosted its holdings in FuelCell Energy, Inc. (NASDAQ:FCEL) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,090,359 shares of the energy company’s stock after buying an additional 156,538 shares during the quarter. Morgan Stanley owned approximately 1.27% of FuelCell Energy worth $36,406,000 at the end of the most recent quarter. 40.58% of the stock is 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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