FuelCell Energy (NASDAQ:FCEL) released its earnings results on Thursday. The energy company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04, Morningstar.com reports. The business had revenue of $38.61 million during the quarter, compared to the consensus estimate of $32.27 million. FuelCell Energy had a negative net margin of 37.86% and a negative return on equity of 47.16%. The firm’s revenue for the quarter was up 127.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.39) earnings per share.
FuelCell Energy (FCEL) opened at $1.82 on Friday. The firm has a market cap of $143.95, a price-to-earnings ratio of -1.52 and a beta of 1.66. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $2.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.08 and a quick ratio of 1.32.
Institutional investors have recently added to or reduced their stakes in the stock. Robecosam AG grew its position in FuelCell Energy by 26.3% in the third quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 250,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares during the last quarter. KBC Group NV lifted its stake in FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after acquiring an additional 147,155 shares during the last quarter. CNA Financial Corp lifted its stake in FuelCell Energy by 112.3% in the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after acquiring an additional 232,695 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in FuelCell Energy in the fourth quarter valued at $651,000. 16.27% of the stock is owned by institutional investors and hedge funds.
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About FuelCell Energy
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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