FuelCell Energy (NASDAQ:FCEL) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

FuelCell Energy (NASDAQ:FCEL) released its quarterly earnings results on Tuesday. The energy company reported ($1.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.10, Zacks reports. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The company had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period last year, the firm earned ($1.25) earnings per share.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $6.56 on Wednesday. The company has a market capitalization of $138.70 million, a P/E ratio of -0.83 and a beta of 3.71. The business has a fifty day simple moving average of $8.19 and a two-hundred day simple moving average of $9.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. FuelCell Energy has a 1 year low of $5.12 and a 1 year high of $37.20.

Analysts Set New Price Targets

Several research firms have commented on FCEL. TD Cowen increased their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. UBS Group cut their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research report on Tuesday, December 3rd. Jefferies Financial Group decreased their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research report on Friday, December 20th. Finally, StockNews.com assumed coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.23.

About FuelCell Energy

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.