Wall Street analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to post $15.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for FuelCell Energy’s earnings, with the highest sales estimate coming in at $19.20 million and the lowest estimate coming in at $10.60 million. FuelCell Energy posted sales of $47.89 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 66.7%. The company is scheduled to report its next earnings report on Thursday, January 10th.
On average, analysts expect that FuelCell Energy will report full year sales of $87.52 million for the current year, with estimates ranging from $82.20 million to $90.80 million. For the next year, analysts forecast that the firm will post sales of $126.62 million, with estimates ranging from $90.00 million to $150.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). FuelCell Energy had a negative return on equity of 45.52% and a negative net margin of 36.18%. The business had revenue of $12.11 million for the quarter, compared to analyst estimates of $11.57 million. During the same quarter in the previous year, the business posted ($0.31) earnings per share.
FuelCell Energy stock remained flat at $$0.70 during trading hours on Thursday. The company’s stock had a trading volume of 930,746 shares, compared to its average volume of 756,042. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.23 and a current ratio of 1.94. FuelCell Energy has a 52-week low of $0.62 and a 52-week high of $2.17. The firm has a market cap of $65.77 million, a P/E ratio of -0.63 and a beta of 1.77.
In related news, Director John A. Rolls acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average price of $0.75 per share, with a total value of $75,000.00. Following the transaction, the director now directly owns 417,274 shares of the company’s stock, valued at $312,955.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.11% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Resource Management LLC increased its stake in shares of FuelCell Energy by 237.2% in the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock worth $111,000 after purchasing an additional 59,300 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in FuelCell Energy during the 2nd quarter worth about $200,000. Bank of New York Mellon Corp increased its position in FuelCell Energy by 244.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after purchasing an additional 184,181 shares in the last quarter. Northern Trust Corp increased its position in FuelCell Energy by 437.8% during the 2nd quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock worth $1,149,000 after purchasing an additional 708,722 shares in the last quarter. Finally, BlackRock Inc. increased its position in FuelCell Energy by 3.4% during the 1st quarter. BlackRock Inc. now owns 993,516 shares of the energy company’s stock worth $1,719,000 after purchasing an additional 32,376 shares in the last quarter. 21.65% of the stock is currently owned by institutional investors.
About FuelCell Energy
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 power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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