FuelCell Energy, Inc. (NASDAQ:FCEL) Expected to Post Q3 2022 Earnings of ($0.06) Per Share

FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) – Analysts at Jefferies Financial Group issued their Q3 2022 earnings estimates for shares of FuelCell Energy in a research report issued on Tuesday, June 21st. Jefferies Financial Group analyst L. Alexander expects that the energy company will earn ($0.06) per share for the quarter. The consensus estimate for FuelCell Energy’s current full-year earnings is ($0.26) per share. Jefferies Financial Group also issued estimates for FuelCell Energy’s Q4 2022 earnings at ($0.05) EPS.

A number of other brokerages also recently issued reports on FCEL. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a report on Thursday, June 2nd. Craig Hallum dropped their price target on shares of FuelCell Energy from $6.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, June 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, FuelCell Energy has a consensus rating of “Hold” and a consensus price target of $5.00.

Shares of NASDAQ FCEL opened at $3.93 on Thursday. The firm’s 50-day moving average price is $3.97 and its 200-day moving average price is $5.00. The company has a quick ratio of 6.38, a current ratio of 7.41 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.52 billion, a PE ratio of -13.10 and a beta of 4.37. FuelCell Energy has a 52-week low of $2.87 and a 52-week high of $11.63.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last announced its quarterly earnings data on Thursday, June 9th. The energy company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). FuelCell Energy had a negative net margin of 120.33% and a negative return on equity of 12.76%. The firm had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $32.32 million. During the same period last year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of FuelCell Energy in the 3rd quarter worth approximately $31,000. Psagot Value Holdings Ltd. Israel lifted its stake in shares of FuelCell Energy by 75.8% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 5,800 shares of the energy company’s stock worth $176,000 after purchasing an additional 2,500 shares during the period. Huntington National Bank lifted its stake in shares of FuelCell Energy by 2,000.0% in the 1st quarter. Huntington National Bank now owns 6,300 shares of the energy company’s stock worth $36,000 after purchasing an additional 6,000 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of FuelCell Energy in the 3rd quarter worth approximately $44,000. Finally, Millburn Ridgefield Corp lifted its stake in shares of FuelCell Energy by 256.4% in the 1st quarter. Millburn Ridgefield Corp now owns 6,736 shares of the energy company’s stock worth $39,000 after purchasing an additional 4,846 shares during the period. Hedge funds and other institutional investors own 42.07% of the company’s stock.

About FuelCell Energy (Get Rating)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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