FuelCell Energy (NASDAQ:FCEL) Announces Quarterly Earnings Results

FuelCell Energy (NASDAQ:FCEL) announced its earnings results on Friday. The energy company reported ($1.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($0.28), RTT News reports. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The company had revenue of $37.41 million for the quarter, compared to the consensus estimate of $32.42 million. During the same quarter in the previous year, the firm earned ($2.10) earnings per share.

FuelCell Energy Trading Up 24.4%

FCEL stock opened at $6.47 on Friday. The firm has a fifty day moving average price of $4.42 and a 200 day moving average price of $7.06. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The firm has a market cap of $146.97 million, a PE ratio of -0.82 and a beta of 4.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FuelCell Energy stock. Rhumbline Advisers lifted its position in FuelCell Energy, Inc. (NASDAQ:FCEL) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,012 shares of the energy company’s stock after acquiring an additional 5,585 shares during the quarter. Rhumbline Advisers owned 0.14% of FuelCell Energy worth $147,000 as of its most recent SEC filing. Institutional investors own 42.78% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley dropped their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.03.

About FuelCell Energy

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.