Equities analysts forecast that FuelCell Energy Inc (NASDAQ:FCEL) will announce sales of $11.57 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for FuelCell Energy’s earnings, with estimates ranging from $10.00 million to $13.60 million. FuelCell Energy posted sales of $10.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The company is expected to report its next earnings results on Thursday, September 6th.
On average, analysts expect that FuelCell Energy will report full year sales of $92.99 million for the current financial year, with estimates ranging from $80.00 million to $101.00 million. For the next year, analysts expect that the firm will post sales of $126.14 million per share, with estimates ranging from $90.00 million to $146.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, June 7th. The energy company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.06). FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. The business had revenue of $20.83 million during the quarter, compared to analysts’ expectations of $20.43 million. During the same quarter last year, the business posted ($0.33) EPS.
Shares of FCEL stock traded down $0.02 on Friday, reaching $1.18. The company’s stock had a trading volume of 496,323 shares, compared to its average volume of 1,189,178. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.62 and a current ratio of 2.33. FuelCell Energy has a 12-month low of $1.07 and a 12-month high of $2.49. The company has a market capitalization of $103.16 million, a PE ratio of -1.06 and a beta of 1.66.
In other news, Chairman John A. Rolls bought 152,000 shares of FuelCell Energy stock in a transaction that occurred on Wednesday, June 27th. The shares were acquired at an average price of $1.31 per share, with a total value of $199,120.00. Following the completion of the purchase, the chairman now directly owns 317,274 shares in the company, valued at $415,628.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in FuelCell Energy by 154.5% in the fourth quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after acquiring an additional 37,661 shares during the last quarter. Resource Management LLC increased its stake in FuelCell Energy by 237.2% in the second quarter. Resource Management LLC now owns 84,300 shares of the energy company’s stock valued at $111,000 after acquiring an additional 59,300 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in FuelCell Energy by 657.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after acquiring an additional 76,290 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in FuelCell Energy in the second quarter valued at $200,000. Finally, Northern Trust Corp increased its stake in FuelCell Energy by 22.0% in the first quarter. Northern Trust Corp now owns 161,872 shares of the energy company’s stock valued at $280,000 after acquiring an additional 29,141 shares during the last quarter. 15.16% of the stock is currently owned by institutional investors and hedge funds.
FuelCell Energy Company Profile
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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