FuelCell Energy (NASDAQ:FCEL) Issues Earnings Results, Hits Expectations

FuelCell Energy (NASDAQ:FCEL) issued its earnings results on Thursday. The energy company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07), RTT News reports. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. The company had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.22 million. During the same period in the prior year, the business earned ($0.06) EPS.

FuelCell Energy Stock Up 4.4 %

NASDAQ:FCEL traded up $0.02 during mid-day trading on Friday, hitting $0.44. 15,976,123 shares of the company’s stock traded hands, compared to its average volume of 32,560,543. The company has a fifty day moving average of $0.51 and a 200 day moving average of $0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.80 and a current ratio of 6.55. FuelCell Energy has a twelve month low of $0.37 and a twelve month high of $1.84. The company has a market capitalization of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87.

Analysts Set New Price Targets

FCEL has been the topic of several research reports. B. Riley raised shares of FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th. UBS Group cut their price target on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Canaccord Genuity Group decreased their price objective on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research note on Friday.

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.