$33.38 Million in Sales Expected for FuelCell Energy, Inc. (NASDAQ:FCEL) This Quarter

Wall Street brokerages predict that FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) will post sales of $33.38 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for FuelCell Energy’s earnings, with estimates ranging from $25.90 million to $38.03 million. FuelCell Energy reported sales of $13.95 million during the same quarter last year, which suggests a positive year over year growth rate of 139.3%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that FuelCell Energy will report full-year sales of $139.06 million for the current financial year, with estimates ranging from $128.14 million to $155.68 million. For the next financial year, analysts forecast that the firm will post sales of $152.33 million, with estimates ranging from $126.00 million to $189.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for FuelCell Energy.

FuelCell Energy (NASDAQ:FCEL – Get Rating) last issued its earnings results on Thursday, March 10th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $31.80 million during the quarter, compared to analysts’ expectations of $26.27 million. FuelCell Energy had a negative return on equity of 12.95% and a negative net margin of 110.65%. The business’s revenue for the quarter was up 113.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on FuelCell Energy from $7.00 to $5.00 in a research report on Thursday, January 20th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.67.

NASDAQ FCEL opened at $3.53 on Thursday. The business has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $6.04. FuelCell Energy has a one year low of $2.87 and a one year high of $12.62. The company has a quick ratio of 5.89, a current ratio of 6.76 and a debt-to-equity ratio of 0.14.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP purchased a new position in shares of FuelCell Energy in the third quarter valued at $31,000. Psagot Value Holdings Ltd. Israel grew its position in shares of FuelCell Energy by 75.8% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 5,800 shares of the energy company’s stock valued at $176,000 after purchasing an additional 2,500 shares in the last quarter. Huntington National Bank grew its position in shares of FuelCell Energy by 2,000.0% in the first quarter. Huntington National Bank now owns 6,300 shares of the energy company’s stock valued at $36,000 after purchasing an additional 6,000 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of FuelCell Energy in the third quarter valued at $44,000. Finally, Millburn Ridgefield Corp grew its position in shares of FuelCell Energy by 256.4% in the first quarter. Millburn Ridgefield Corp now owns 6,736 shares of the energy company’s stock valued at $39,000 after purchasing an additional 4,846 shares in the last quarter. Institutional investors own 42.07% of the company’s stock.

FuelCell Energy Company Profile (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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