Brokerages Anticipate FuelCell Energy, Inc. (NASDAQ:FCEL) Will Post Earnings of -$0.05 Per Share

Equities analysts predict that FuelCell Energy, Inc. (NASDAQ:FCEL) will report earnings per share (EPS) of ($0.05) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for FuelCell Energy’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.04). FuelCell Energy reported earnings per share of ($0.07) during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The company is scheduled to announce its next earnings report on Thursday, September 9th.

According to Zacks, analysts expect that FuelCell Energy will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.32) to ($0.21). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.22) to ($0.13). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Wednesday, June 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). FuelCell Energy had a negative return on equity of 39.99% and a negative net margin of 136.60%. During the same quarter last year, the company posted ($0.07) earnings per share.

Several equities research analysts have commented on FCEL shares. B. Riley dropped their price target on shares of FuelCell Energy from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday. They noted that the move was a valuation call. Northcoast Research began coverage on FuelCell Energy in a report on Tuesday, March 30th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded FuelCell Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 2nd. Canaccord Genuity lowered their price target on FuelCell Energy from $13.50 to $9.00 and set a “hold” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their price target on FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, March 5th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.75.

FuelCell Energy stock traded up $0.35 during midday trading on Friday, hitting $10.41. The company’s stock had a trading volume of 342,440 shares, compared to its average volume of 34,178,797. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.08. The business’s 50-day simple moving average is $9.88. FuelCell Energy has a 12 month low of $1.58 and a 12 month high of $29.44. The firm has a market capitalization of $3.36 billion, a P/E ratio of -28.30 and a beta of 5.03.

In related news, CAO Jennifer D. Arasimowicz sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $13.46, for a total transaction of $107,680.00. Also, Director John Christopher Groobey sold 16,000 shares of the business’s stock in a transaction dated Friday, April 9th. The stock was sold at an average price of $12.56, for a total transaction of $200,960.00. Following the transaction, the director now owns 84,979 shares in the company, valued at approximately $1,067,336.24. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in FCEL. BlackRock Inc. raised its stake in shares of FuelCell Energy by 12.5% in the 1st quarter. BlackRock Inc. now owns 23,835,497 shares of the energy company’s stock valued at $343,469,000 after buying an additional 2,642,367 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FuelCell Energy by 17.3% during the 1st quarter. Geode Capital Management LLC now owns 5,391,168 shares of the energy company’s stock worth $77,686,000 after buying an additional 795,849 shares during the period. Morgan Stanley boosted its stake in FuelCell Energy by 49.7% in the 1st quarter. Morgan Stanley now owns 3,933,821 shares of the energy company’s stock valued at $56,687,000 after buying an additional 1,306,179 shares in the last quarter. Northern Trust Corp grew its position in FuelCell Energy by 3.1% in the first quarter. Northern Trust Corp now owns 3,380,429 shares of the energy company’s stock valued at $48,713,000 after acquiring an additional 100,867 shares during the period. Finally, Citigroup Inc. raised its stake in FuelCell Energy by 572.4% during the fourth quarter. Citigroup Inc. now owns 2,606,939 shares of the energy company’s stock worth $29,120,000 after acquiring an additional 2,219,260 shares in the last quarter. 33.98% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload 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 carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

Featured Article: How dollar cost averaging works

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

Earnings History and Estimates for FuelCell Energy (NASDAQ:FCEL)

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.