FuelCell Energy (NASDAQ:FCEL) Releases Earnings Results, Beats Expectations By $0.13 EPS

FuelCell Energy (NASDAQ:FCEL) issued its earnings results on Monday. The energy company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.13, FiscalAI reports. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $42.22 million.

FuelCell Energy Stock Performance

Shares of FCEL stock opened at $7.60 on Monday. The company has a current ratio of 6.63, a quick ratio of 5.36 and a debt-to-equity ratio of 0.17. FuelCell Energy has a 12-month low of $3.58 and a 12-month high of $11.99. The business’s 50 day moving average is $8.01 and its two-hundred day moving average is $7.68. The company has a market capitalization of $402.40 million, a P/E ratio of -0.97 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FCEL. TD Cowen raised their target price on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, December 19th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a report on Friday, December 19th. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Zacks Research lowered FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 19th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $9.06.

Insider Activity at FuelCell Energy

In other news, Director Betsy B. Bingham sold 8,608 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On FuelCell Energy

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in FuelCell Energy in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $78,000. Franklin Resources Inc. acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $84,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of FuelCell Energy during the fourth quarter worth about $91,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.