FuelCell Energy (NASDAQ:FCEL) announced its quarterly earnings results on Wednesday. The energy company reported ($0.23) earnings per share (EPS) 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 prior year, the business earned ($0.33) EPS.
FCEL traded up $0.03 during trading on Friday, reaching $1.77. 12,022 shares of the company’s stock were exchanged, compared to its average volume of 471,328. FuelCell Energy has a one year low of $0.95 and a one year high of $2.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.06 and a quick ratio of 1.42. The firm has a market capitalization of $156.74 million, a price-to-earnings ratio of -1.59 and a beta of 1.54.
FCEL has been the topic of several research reports. Zacks Investment Research lowered 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 boosted their target price for the stock from $2.00 to $4.00 in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. FuelCell Energy presently has a consensus rating of “Hold” and an average target price 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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