Analysts expect FuelCell Energy Inc (NASDAQ:FCEL) to post earnings per share of ($0.21) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for FuelCell Energy’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.23). FuelCell Energy reported earnings of ($0.41) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 48.8%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, January 11th.

According to Zacks, analysts expect that FuelCell Energy will report full year earnings of ($1.21) per share for the current year, with EPS estimates ranging from ($1.22) to ($1.18). For the next year, analysts anticipate that the company will post earnings of ($0.68) per share, with EPS estimates ranging from ($0.78) to ($0.59). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for FuelCell Energy.

FCEL has been the subject of several recent analyst reports. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen restated an “outperform” rating and set a $2.50 target price on shares of FuelCell Energy in a research note on Wednesday, September 20th. Oppenheimer initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company. CIBC initiated coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price for the company. Finally, Roth Capital restated a “neutral” rating and set a $1.50 target price on shares of FuelCell Energy in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. FuelCell Energy has an average rating of “Hold” and a consensus price target of $2.90.

FuelCell Energy (NASDAQ:FCEL) remained flat at $$1.74 during midday trading on Tuesday. The company’s stock had a trading volume of 817,303 shares, compared to its average volume of 665,300. The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70. FuelCell Energy has a fifty-two week low of $0.80 and a fifty-two week high of $2.49. The stock has a market capitalization of $121.64, a P/E ratio of -1.21 and a beta of 1.95.

Institutional investors and hedge funds have recently made changes to their positions in 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 valued at $171,000 after acquiring an additional 65,392 shares during the last quarter. CNA Financial Corp lifted its stake in shares of FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the last quarter. 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 valued at $409,000 after acquiring an additional 147,155 shares during the last quarter. 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 valued at $1,226,000 after acquiring an additional 250,000 shares during the last quarter. 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 valued at $2,354,000 after acquiring an additional 946,548 shares during the last quarter. Institutional investors own 14.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “FuelCell Energy Inc (FCEL) Expected to Post Earnings of -$0.21 Per Share” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/fuelcell-energy-inc-fcel-expected-to-post-earnings-of-0-21-per-share/1800189.html.

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.

Get a free copy of the Zacks research report on FuelCell Energy (FCEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.