Wall Street brokerages forecast that FuelCell Energy Inc (NASDAQ:FCEL) will announce $18.60 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FuelCell Energy’s earnings. The lowest sales estimate is $17.99 million and the highest is $19.20 million. FuelCell Energy reported sales of $47.89 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 61.2%. The company is expected to issue its next quarterly earnings report on Thursday, January 10th.
According to Zacks, analysts expect that FuelCell Energy will report full-year sales of $90.17 million for the current fiscal year, with estimates ranging from $89.55 million to $90.80 million. For the next fiscal year, analysts expect that the business will post sales of $144.93 million, with estimates ranging from $139.15 million to $150.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for FuelCell Energy.
FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 6th. The energy company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $12.11 million for the quarter, compared to the consensus estimate of $11.57 million. FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. During the same quarter in the prior year, the company posted ($0.31) earnings per share.
Shares of NASDAQ FCEL traded down $0.02 during midday trading on Tuesday, reaching $0.89. 4,045 shares of the stock traded hands, compared to its average volume of 941,435. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.23 and a current ratio of 1.94. The company has a market capitalization of $86.15 million, a P/E ratio of -0.82 and a beta of 1.77. FuelCell Energy has a one year low of $0.72 and a one year high of $2.17.
A number of institutional investors and hedge funds have recently modified their holdings of FCEL. BlackRock Inc. lifted its position in FuelCell Energy by 385.2% in the second quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock worth $6,364,000 after buying an additional 3,827,437 shares during the last quarter. Northern Trust Corp lifted its position in FuelCell Energy by 437.8% in the second quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock worth $1,149,000 after buying an additional 708,722 shares during the last quarter. Levin Capital Strategies L.P. lifted its position in FuelCell Energy by 12.3% in the second quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock worth $3,562,000 after buying an additional 296,075 shares during the last quarter. Robecosam AG lifted its position in FuelCell Energy by 16.7% in the third quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock worth $1,540,000 after buying an additional 200,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in FuelCell Energy by 244.0% in the second quarter. Bank of New York Mellon Corp now owns 259,660 shares of the energy company’s stock worth $343,000 after buying an additional 184,181 shares during the last quarter. Institutional investors own 21.42% of the company’s stock.
About FuelCell Energy
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.
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