FuelCell Energy (NASDAQ:FCEL) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

FuelCell Energy (NASDAQ:FCEL) issued its quarterly earnings data on Tuesday. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10, Zacks reports. The firm had revenue of $19.00 million during the quarter, compared to analysts’ expectations of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period in the previous year, the firm posted ($1.25) earnings per share.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $6.56 on Wednesday. The company has a market cap of $138.70 million, a P/E ratio of -0.83 and a beta of 3.71. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 52 week low of $5.12 and a 52 week high of $37.20. The business has a fifty day simple moving average of $8.19 and a 200-day simple moving average of $9.86.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FCEL shares. TD Cowen boosted their price target on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company cut their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 20th. UBS Group cut their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Finally, StockNews.com started coverage on FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.23.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.