FuelCell Energy Inc (FCEL) Expected to Earn Q1 2019 Earnings of ($0.15) Per Share

FuelCell Energy Inc (NASDAQ:FCEL) – Equities researchers at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for FuelCell Energy in a research report issued to clients and investors on Friday. B. Riley analyst C. Driscoll anticipates that the energy company will post earnings of ($0.15) per share for the quarter. B. Riley currently has a “Buy” rating and a $3.50 target price on the stock. B. Riley also issued estimates for FuelCell Energy’s Q2 2019 earnings at ($0.14) EPS, Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.52) EPS.

Several other research firms have also recently issued reports on FCEL. Zacks Investment Research cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen reiterated an “outperform” rating and issued a $2.50 price objective on shares of FuelCell Energy in a research note on Wednesday, September 20th. Oppenheimer initiated coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. Roth Capital set a $2.00 price objective on shares of FuelCell Energy and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, CIBC initiated coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.17.

FuelCell Energy (NASDAQ:FCEL) traded down $0.04 on Monday, reaching $1.91. 1,565,432 shares of the company’s stock traded hands, compared to its average volume of 1,610,000. The company has a quick ratio of 1.32, a current ratio of 2.08 and a debt-to-equity ratio of 0.63. The company has a market cap of $133.52, a PE ratio of -1.59 and a beta of 1.95. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. The business had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $25.90 million. FuelCell Energy had a negative net margin of 56.35% and a negative return on equity of 51.62%. The business’s revenue for the quarter was up 95.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.41) EPS.

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after purchasing an additional 65,392 shares during the period. KBC Group NV lifted its stake in shares of FuelCell Energy by 170.5% in the 3rd quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after purchasing an additional 147,155 shares during the period. CNA Financial Corp lifted its stake in shares of FuelCell Energy by 112.3% in the 3rd quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after purchasing an additional 232,695 shares during the period. Robecosam AG lifted its stake in shares of FuelCell Energy by 35.7% in the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after purchasing an additional 250,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after purchasing an additional 946,548 shares during the period. Hedge funds and other institutional investors own 14.56% of the company’s stock.

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About FuelCell Energy

Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.

Earnings History and Estimates for FuelCell Energy (NASDAQ:FCEL)

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