FuelCell Energy (NASDAQ:FCEL) announced its quarterly earnings data on Monday. The energy company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.06) by $0.88, Fidelity Earnings reports. The company had revenue of $22.71 million for the quarter, compared to analysts’ expectations of $8.30 million. FuelCell Energy had a negative net margin of 117.65% and a negative return on equity of 72.74%.
NASDAQ:FCEL traded down $0.12 on Tuesday, reaching $0.52. The stock had a trading volume of 13,198,540 shares, compared to its average volume of 8,300,329. FuelCell Energy has a 12-month low of $0.13 and a 12-month high of $13.80. The company has a market cap of $10.96 million, a price-to-earnings ratio of -0.05 and a beta of 1.12. The firm’s fifty day moving average is $0.35 and its two-hundred day moving average is $0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.94 and a quick ratio of 0.43.
Several research firms have recently commented on FCEL. Cowen cut shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. CIBC reissued a “market perform” rating on shares of FuelCell Energy in a research note on Thursday, June 6th. Zacks Investment Research cut FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Oppenheimer cut shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.19.
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.
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