FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) – Equities research analysts at KeyCorp decreased their Q3 2022 earnings per share (EPS) estimates for FuelCell Energy in a note issued to investors on Thursday, June 30th. KeyCorp analyst S. Karp now anticipates that the energy company will post earnings of ($0.08) per share for the quarter, down from their previous forecast of ($0.07). KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for FuelCell Energy’s current full-year is ($0.30) per share. KeyCorp also issued estimates for FuelCell Energy’s Q4 2022 earnings at ($0.08) EPS, FY2022 earnings at ($0.36) EPS, FY2023 earnings at ($0.22) EPS and FY2025 earnings at ($0.08) EPS.
Separately, Craig Hallum lowered their objective price on FuelCell Energy from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, June 10th. Five equities research analysts have rated the stock with a hold rating, based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.
Shares of FuelCell Energy stock opened at $3.78 on Monday. The stock’s 50-day simple moving average is $3.83 and its 200-day simple moving average is $4.84. FuelCell Energy has a 52 week low of $2.87 and a 52 week high of $11.63. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -12.60 and a beta of 4.23. The company has a quick ratio of 6.38, a current ratio of 7.41 and a debt-to-equity ratio of 0.11.
FuelCell Energy (NASDAQ:FCEL – Get Rating) last issued its quarterly earnings data on Thursday, June 9th. The energy company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). FuelCell Energy had a negative return on equity of 12.76% and a negative net margin of 120.33%. The firm had revenue of $16.40 million during the quarter, compared to the consensus estimate of $32.32 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 17.1% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in FCEL. Psagot Value Holdings Ltd. Israel lifted 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 worth $30,000 after buying an additional 2,500 shares in the last quarter. Huntington National Bank lifted 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 worth $36,000 after buying an additional 6,000 in the last quarter. Millburn Ridgefield Corp lifted 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 worth $39,000 after buying an additional 4,846 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of FuelCell Energy by 256.4% in the first quarter. Catalyst Capital Advisors LLC now owns 6,736 shares of the energy company’s stock worth $39,000 after buying an additional 4,846 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of FuelCell Energy in the fourth quarter worth about $61,000. Institutional investors and hedge funds own 42.07% of the company’s stock.
About FuelCell Energy (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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