FuelCell Energy (NASDAQ:FCEL) Releases Earnings Results, Meets Expectations

FuelCell Energy (NASDAQ:FCEL) posted its quarterly earnings results on Thursday. The energy company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates 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%. During the same quarter in the previous year, the firm earned ($0.06) EPS.

FuelCell Energy Price Performance

Shares of FuelCell Energy stock traded up $0.04 during trading hours on Friday, reaching $0.45. The company’s stock had a trading volume of 1,929,037 shares, compared to its average volume of 32,479,361. The firm has a 50 day moving average price of $0.52 and a 200-day moving average price of $0.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.55 and a quick ratio of 4.80. The stock has a market cap of $225.71 million, a P/E ratio of -1.67 and a beta of 3.87. FuelCell Energy has a one year low of $0.37 and a one year high of $1.84.

Wall Street Analysts Forecast Growth

FCEL has been the subject of a number of research analyst reports. B. Riley upgraded FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th. UBS Group reduced their price objective on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th.

FuelCell Energy Company Profile

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.