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

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

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL opened at $6.85 on Thursday. FuelCell Energy has a twelve month low of $5.12 and a twelve month high of $37.20. The stock’s 50 day moving average is $8.15 and its 200-day moving average is $9.83. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $144.84 million, a price-to-earnings ratio of -0.87 and a beta of 3.71.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. B. Riley lowered their price objective on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group cut their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. UBS Group lowered their target price 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, TD Cowen increased 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. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.03.

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.