Analysts predict that FuelCell Energy Inc (NASDAQ:FCEL) will report $16.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FuelCell Energy’s earnings, with the lowest sales estimate coming in at $8.30 million and the highest estimate coming in at $25.00 million. FuelCell Energy reported sales of $12.11 million in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The company is scheduled to report its next quarterly earnings results on Thursday, September 5th.

According to Zacks, analysts expect that FuelCell Energy will report full year sales of $68.40 million for the current fiscal year, with estimates ranging from $44.00 million to $92.80 million. For the next financial year, analysts forecast that the firm will post sales of $35.80 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FuelCell Energy.

A number of equities analysts have commented on the company. Oppenheimer cut FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research cut FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. CIBC reaffirmed a “market perform” rating on shares of FuelCell Energy in a research note on Thursday, June 6th. Finally, Cowen cut FuelCell Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.19.

FuelCell Energy stock traded down $0.02 during trading hours on Thursday, reaching $0.32. The company had a trading volume of 5,209,436 shares, compared to its average volume of 7,013,803. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.43 and a current ratio of 0.94. The stock has a 50-day simple moving average of $0.42. The stock has a market cap of $9.47 million, a price-to-earnings ratio of -0.03 and a beta of 1.18. FuelCell Energy has a 12-month low of $0.13 and a 12-month high of $14.64.

A number of institutional investors have recently made changes to their positions in the business. Loews Corp grew its position in shares of FuelCell Energy by 100.0% in the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock worth $33,000 after buying an additional 67,825 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of FuelCell Energy by 21.2% in the 4th quarter. Bank of New York Mellon Corp now owns 337,496 shares of the energy company’s stock worth $186,000 after buying an additional 59,111 shares during the last quarter. CNA Financial Corp grew its position in shares of FuelCell Energy by 100.0% in the 1st quarter. CNA Financial Corp now owns 1,140,050 shares of the energy company’s stock worth $281,000 after buying an additional 570,025 shares during the last quarter. Northern Trust Corp grew its position in shares of FuelCell Energy by 2.7% in the 4th quarter. Northern Trust Corp now owns 897,855 shares of the energy company’s stock worth $495,000 after buying an additional 23,584 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of FuelCell Energy by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 904,084 shares of the energy company’s stock worth $497,000 after buying an additional 64,539 shares during the last quarter.

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 product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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