FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

FuelCell Energy (NASDAQ:FCEL) issued its quarterly earnings results on Wednesday. The energy company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01), RTT News reports. FuelCell Energy had a negative net margin of 136.60% and a negative return on equity of 39.99%. During the same quarter in the previous year, the company posted ($0.07) earnings per share.

Shares of FuelCell Energy stock opened at $10.06 on Friday. The company has a current ratio of 5.25, a quick ratio of 4.08 and a debt-to-equity ratio of 0.24. FuelCell Energy has a fifty-two week low of $1.58 and a fifty-two week high of $29.44. The firm has a fifty day moving average of $9.88. The company has a market cap of $3.24 billion, a P/E ratio of -27.19 and a beta of 5.03.

In other news, Director John Christopher Groobey sold 16,000 shares of the firm’s stock in a transaction dated Friday, April 9th. The shares were sold at an average price of $12.56, for a total transaction of $200,960.00. Following the completion of the transaction, the director now directly owns 84,979 shares of the company’s stock, valued at approximately $1,067,336.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer D. Arasimowicz sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $13.46, for a total transaction of $107,680.00. 0.06% of the stock is owned by corporate insiders.

Several research firms have weighed in on FCEL. Wells Fargo & Company began coverage on shares of FuelCell Energy in a research note on Monday, April 19th. They issued an “underweight” rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of FuelCell Energy from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, March 5th. Canaccord Genuity dropped their price objective on shares of FuelCell Energy from $13.50 to $9.00 and set a “hold” rating on the stock in a research note on Friday. Northcoast Research began coverage on shares of FuelCell Energy in a research note on Tuesday, March 30th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of FuelCell Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 2nd. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.75.

About FuelCell Energy

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.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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