FuelCell Energy (FCEL) Projected to Post Quarterly Earnings on Thursday

FuelCell Energy (NASDAQ:FCEL - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($1.55) per share and revenue of $35.37 million for the quarter.

FuelCell Energy Trading Down 4.9 %

NASDAQ FCEL traded down $0.30 on Friday, reaching $5.77. 710,555 shares of the company were exchanged, compared to its average volume of 983,742. FuelCell Energy has a fifty-two week low of $5.45 and a fifty-two week high of $39.00. The stock has a market capitalization of $122.00 million, a P/E ratio of -0.73 and a beta of 3.36. The business's fifty day moving average price is $8.75 and its 200 day moving average price is $10.26. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

FCEL has been the topic of several recent research reports. Canaccord Genuity Group restated a "hold" rating and set a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 20th. Jefferies Financial Group cut their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a research note on Friday, December 20th. TD Cowen lifted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. StockNews.com began coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They issued a "sell" rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.23.

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About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.