Summary Highlights:
- FuelCell Energy (FCEL, Financial) experiences a revenue surge of 66.8% year-over-year, reaching $37.4 million.
- The company's backlog shows a promising increase of 19%, totaling $1.26 billion.
- Wall Street analysts set a one-year average price target of $8.67, indicating a 66.67% potential upside.
FuelCell Energy (FCEL) recently disclosed a Q2 GAAP EPS of -$1.79, missing estimates by $0.36. Despite this shortfall, the company recorded an impressive revenue growth of 66.8% year-over-year, totaling $37.4 million and surpassing predictions by $4.98 million. Additionally, FuelCell's backlog expanded by 19%, reaching $1.26 billion, highlighting robust demand and future growth potential.
Wall Street Analysts Forecasts and Insights
An assessment by six analysts offers a one-year average target price of $8.67 for FuelCell Energy Inc (FCEL, Financial), with predictions ranging from a high of $12.00 to a low of $4.50. This average target suggests a substantial upside of 66.67% from the current trading price of $5.20. Investors seeking more in-depth estimate data can visit the FuelCell Energy Inc (FCEL) Forecast page.
The brokerage community provides an average recommendation of 3.3 for FuelCell Energy Inc (FCEL, Financial), which translates to a "Hold" status. This recommendation is based on a scale from 1 to 5, where 1 represents a "Strong Buy" and 5 signifies a "Sell."
GuruFocus Valuation and Long-Term Prospects
According to GuruFocus estimates, the projected GF Value of FuelCell Energy Inc (FCEL, Financial) is $38.62 in one year, indicating a remarkable potential upside of 642.69% from its current price of $5.20. The GF Value is derived from historical trading multiples, past business growth, and future performance predictions. For a more comprehensive analysis, visit the FuelCell Energy Inc (FCEL) Summary page.
