FuelCell Energy (NASDAQ:FCEL) Posts Earnings Results, Hits Estimates

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

FuelCell Energy Stock Up 4.4 %

FCEL stock opened at $0.44 on Friday. The stock’s 50 day moving average is $0.51 and its 200-day moving average is $0.81. FuelCell Energy has a twelve month low of $0.37 and a twelve month high of $1.84. The firm has a market capitalization of $217.31 million, a PE ratio of -1.75 and a beta of 3.87. The company has a quick ratio of 4.80, a current ratio of 6.55 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

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

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.