FuelCell Energy (FCEL) Expected to Announce Quarterly Earnings on Thursday

FuelCell Energy (NASDAQ:FCEL) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($1.55) per share and revenue of $35.37 million for the quarter.

FuelCell Energy Stock Up 0.8 %

FCEL stock opened at $6.29 on Thursday. The firm’s fifty day moving average is $8.91 and its 200 day moving average is $10.36. The firm has a market cap of $128.63 million, a PE ratio of -0.79 and a beta of 3.36. FuelCell Energy has a one year low of $5.45 and a one year high of $39.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01.

Analyst Upgrades and Downgrades

FCEL has been the subject of several recent analyst reports. Jefferies Financial Group cut their price target on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. TD Cowen upped their target price on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Canaccord Genuity Group reiterated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. StockNews.com assumed coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating for the company. Finally, Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.23.

FuelCell Energy Company Profile

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.