FuelCell Energy (NASDAQ:FCEL) announced its earnings results on Monday. The energy company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.06) by $0.88, Fidelity Earnings reports. FuelCell Energy had a negative net margin of 83.56% and a negative return on equity of 65.23%. The business had revenue of $22.71 million during the quarter, compared to the consensus estimate of $8.30 million.
NASDAQ:FCEL opened at $0.35 on Thursday. The company’s 50 day moving average price is $0.35 and its 200-day moving average price is $0.49. FuelCell Energy has a 52 week low of $0.13 and a 52 week high of $13.68. The company has a quick ratio of 0.43, a current ratio of 0.94 and a debt-to-equity ratio of 1.20. The stock has a market cap of $17.55 million, a price-to-earnings ratio of -0.04 and a beta of 1.13.
A number of equities analysts have weighed in on FCEL shares. Zacks Investment Research downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Cowen downgraded shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. Oppenheimer downgraded shares of FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. Finally, CIBC reaffirmed a “market perform” rating on shares of FuelCell Energy in a research note on Thursday, June 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company 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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