FuelCell Energy Inc (FCEL) Expected to Announce Quarterly Sales of $14.50 Million

Brokerages expect FuelCell Energy Inc (NASDAQ:FCEL) to announce $14.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for FuelCell Energy’s earnings. The lowest sales estimate is $9.00 million and the highest is $20.00 million. FuelCell Energy reported sales of $20.83 million in the same quarter last year, which indicates a negative year-over-year growth rate of 30.4%. The firm is scheduled to announce its next earnings results on Thursday, June 6th.

According to Zacks, analysts expect that FuelCell Energy will report full-year sales of $82.30 million for the current financial year, with estimates ranging from $71.80 million to $92.80 million. For the next fiscal year, analysts forecast that the business will post sales of $97.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, March 7th. The energy company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.16). FuelCell Energy had a negative return on equity of 53.97% and a negative net margin of 88.47%. The firm had revenue of $17.78 million during the quarter, compared to the consensus estimate of $11.50 million. During the same quarter last year, the company posted ($0.12) EPS.

Several research firms have recently issued reports on FCEL. B. Riley set a $3.00 price objective on shares of FuelCell Energy and gave the company a “buy” rating in a report on Friday, January 11th. Cowen set a $3.00 price objective on shares of FuelCell Energy and gave the company a “buy” rating in a report on Friday, March 8th. Zacks Investment Research upgraded shares of FuelCell Energy from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Craig Hallum cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. FuelCell Energy currently has an average rating of “Hold” and an average price target of $1.94.

NASDAQ FCEL opened at $0.28 on Tuesday. FuelCell Energy has a 52 week low of $0.24 and a 52 week high of $2.10. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $35.09 million, a price-to-earnings ratio of -0.35 and a beta of 1.34.

Institutional investors have recently bought and sold shares of the company. Osborn Williams & Donohoe LLC bought a new position in shares of FuelCell Energy in the fourth quarter valued at approximately $39,000. Brave Asset Management Inc. boosted its holdings in shares of FuelCell Energy by 87.0% in the fourth quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock valued at $59,000 after acquiring an additional 49,600 shares in the last quarter. Rhumbline Advisers boosted its holdings in FuelCell Energy by 38.2% during the fourth quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock worth $59,000 after buying an additional 29,580 shares in the last quarter. GSA Capital Partners LLP bought a new stake in FuelCell Energy during the fourth quarter worth approximately $90,000. Finally, KBC Group NV boosted its holdings in FuelCell Energy by 37.8% during the fourth quarter. KBC Group NV now owns 329,667 shares of the energy company’s stock worth $181,000 after buying an additional 90,391 shares in the last quarter. Institutional investors and hedge funds own 15.80% of the company’s stock.

About FuelCell Energy

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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

Recommended Story: Do closed-end mutual funds pay dividends?

Get a free copy of the Zacks research report on FuelCell Energy (FCEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.