FuelCell Energy (NASDAQ:FCEL) issued its quarterly earnings results on Wednesday. The energy company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.06), RTT News reports. FuelCell Energy had a negative net margin of 37.86% and a negative return on equity of 46.40%. During the same quarter in the previous year, the company posted ($0.33) EPS.
FuelCell Energy opened at $1.74 on Friday, MarketBeat Ratings reports. FuelCell Energy has a one year low of $0.95 and a one year high of $2.49. The company has a current ratio of 2.06, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $156.74 million, a PE ratio of -1.57 and a beta of 1.54.
FCEL has been the topic of several analyst reports. Zacks Investment Research downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. B. Riley reaffirmed a “buy” rating on shares of FuelCell Energy in a report on Friday, March 9th. ValuEngine raised shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Roth Capital raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2.00 to $4.00 in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. FuelCell Energy currently has an average rating of “Hold” and a consensus price target of $3.42.
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.
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