FuelCell Energy (NASDAQ:FCEL) Announces Earnings Results

FuelCell Energy (NASDAQ:FCEL) posted its earnings results on Monday. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01), FiscalAI reports. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%.

FuelCell Energy Price Performance

FCEL stock opened at $17.33 on Monday. FuelCell Energy has a 52 week low of $3.78 and a 52 week high of $27.69. The company has a market capitalization of $918.14 million, a price-to-earnings ratio of -2.51 and a beta of 2.42. The firm’s 50-day moving average is $13.92 and its two-hundred day moving average is $9.93. The company has a current ratio of 7.96, a quick ratio of 6.51 and a debt-to-equity ratio of 0.19.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FCEL. Two Sigma Investments LP bought a new stake in shares of FuelCell Energy in the 3rd quarter worth approximately $5,348,000. Invesco Ltd. raised its holdings in shares of FuelCell Energy by 75.4% in the 4th quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock worth $11,005,000 after purchasing an additional 647,151 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of FuelCell Energy by 162.3% in the 4th quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock worth $6,541,000 after purchasing an additional 553,660 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of FuelCell Energy by 2,207.5% in the 4th quarter. Deutsche Bank AG now owns 423,580 shares of the energy company’s stock worth $3,096,000 after purchasing an additional 405,223 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of FuelCell Energy by 115.3% in the 4th quarter. Geode Capital Management LLC now owns 592,390 shares of the energy company’s stock worth $4,333,000 after purchasing an additional 317,301 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FCEL has been the subject of a number of analyst reports. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research note on Tuesday, March 10th. Wells Fargo & Company reduced their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Finally, Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $8.24.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.