Brokerages expect FuelCell Energy Inc (NASDAQ:FCEL) to announce $16.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FuelCell Energy’s earnings, with estimates ranging from $8.30 million to $25.00 million. FuelCell Energy posted sales of $12.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 37.5%. The company is expected to issue its next earnings report on Thursday, September 5th.

On average, 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 fiscal year, analysts expect that the company will report sales of $35.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow FuelCell Energy.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of FuelCell Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. CIBC reiterated a “market perform” rating on shares of FuelCell Energy in a report on Thursday, June 6th. Cowen downgraded FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. ValuEngine upgraded FuelCell Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Oppenheimer downgraded FuelCell Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.19.

Shares of FCEL traded down $0.02 during trading hours on Thursday, hitting $0.32. 5,209,436 shares of the company were exchanged, compared to its average volume of 7,013,803. The stock has a market capitalization of $9.47 million, a P/E ratio of -0.03 and a beta of 1.18. FuelCell Energy has a fifty-two week low of $0.13 and a fifty-two week high of $14.64. The company has a current ratio of 0.94, a quick ratio of 0.43 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $0.42.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Loews Corp raised its position in FuelCell Energy by 100.0% during the 1st quarter. Loews Corp now owns 135,650 shares of the energy company’s stock valued at $33,000 after purchasing an additional 67,825 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 boosted its stake 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 boosted its stake 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 boosted its stake 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.

FuelCell Energy Company Profile

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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