FuelCell Energy (NASDAQ:FCEL – Get Free Report) issued its earnings results on Thursday. The energy company reported ($0.07) EPS for the quarter, hitting 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 firm had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.22 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share.
FuelCell Energy Stock Up 4.4 %
Shares of FCEL opened at $0.44 on Friday. The company has a market capitalization of $217.31 million, a PE ratio of -1.75 and a beta of 3.87. The stock’s 50-day moving average price is $0.51 and its two-hundred day moving average price is $0.81. The company has a current ratio of 6.55, a quick ratio of 4.80 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 12 month low of $0.37 and a 12 month high of $1.84.
Analyst Upgrades and Downgrades
FCEL has been the subject of several research reports. B. Riley raised shares of FuelCell Energy to a “hold” rating in a research note on Tuesday, June 25th. Canaccord Genuity Group lowered their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a report on Friday. Finally, UBS Group cut their price objective on 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.
Featured Stories
- Five stocks we like better than FuelCell Energy
- Where to Find Earnings Call Transcripts
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- Stock Market Sectors: What Are They and How Many Are There?
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.
