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

FuelCell Energy (NASDAQ:FCELGet Free Report) announced its earnings results on Thursday. The energy company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07), RTT News reports. The business had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same quarter last year, the firm earned ($0.06) earnings per share.

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $0.44 on Friday. FuelCell Energy has a 12-month low of $0.37 and a 12-month high of $1.84. The company has a market cap of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87. The company has a fifty day simple moving average of $0.51 and a 200 day simple moving average of $0.81. The company has a current ratio of 6.55, a quick ratio of 4.80 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FCEL. UBS Group dropped their price objective on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. B. Riley upgraded FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th. Finally, Canaccord Genuity Group dropped their target price on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research report on Friday.

Check Out Our Latest Analysis on FCEL

About FuelCell Energy

(Get Free Report)

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.

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Earnings History for FuelCell Energy (NASDAQ:FCEL)

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