FY2024 EPS Estimates for FuelCell Energy Raised by B. Riley

FuelCell Energy, Inc. (NASDAQ:FCEL - Free Report) - Stock analysts at B. Riley boosted their FY2024 earnings per share (EPS) estimates for shares of FuelCell Energy in a note issued to investors on Monday, November 4th. B. Riley analyst R. Pfingst now forecasts that the energy company will earn ($0.24) per share for the year, up from their previous forecast of ($0.26). The consensus estimate for FuelCell Energy's current full-year earnings is ($0.25) per share. B. Riley also issued estimates for FuelCell Energy's Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.19) EPS.

A number of other brokerages have also issued reports on FCEL. UBS Group cut their price target on shares of FuelCell Energy from $1.35 to $0.50 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group decreased their price target on shares of FuelCell Energy from $1.50 to $1.25 and set a "hold" rating for the company in a research report on Friday, September 6th.

FuelCell Energy Trading Down 15.1 %

NASDAQ:FCEL traded down $0.05 during trading hours on Thursday, reaching $0.29. 66,493,562 shares of the stock were exchanged, compared to its average volume of 31,166,945. FuelCell Energy has a twelve month low of $0.29 and a twelve month high of $1.84. The business has a 50-day moving average of $0.38 and a two-hundred day moving average of $0.58. The company has a market capitalization of $163.80 million, a price-to-earnings ratio of -1.33 and a beta of 3.91. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18.

Shares of FuelCell Energy are going to reverse split on the morning of Monday, November 11th. The 1-30 reverse split was announced on Thursday, November 7th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 8th.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.07). The business had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. During the same period in the previous year, the firm earned ($0.06) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its holdings in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company's stock valued at $43,000 after purchasing an additional 111,750 shares in the last quarter. SG Americas Securities LLC raised its stake in FuelCell Energy by 156.6% in the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company's stock valued at $1,789,000 after buying an additional 2,873,171 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in FuelCell Energy by 21.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,199,135 shares of the energy company's stock worth $766,000 after buying an additional 213,016 shares during the last quarter. Algert Global LLC acquired a new position in shares of FuelCell Energy during the 2nd quarter worth about $29,000. Finally, AQR Capital Management LLC increased its holdings in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company's stock valued at $33,000 after acquiring an additional 26,223 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company's stock.

FuelCell Energy Company Profile

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.