FuelCell stock sinks after wider-than-expected loss, surprise revenue decline [MarketWatch]
FuelCell Energy, Inc. (FCEL)
Last fuelcell energy, inc. earnings: 3/16 07:00 am
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Source: MarketWatch
Shares of FuelCell Energy Inc. sank 7.1% in premarket trading Thursday, after the maker of fuel cell technology platforms reported a wider-than-expected fiscal second-quarter loss as revenue surprisingly declined and the company continued to increase investment into research and development. For the quarter ending April 30, the net loss was $19.7 million, or 6 cents a share, after a loss of $15.6 million, or 7 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 5 cents. Revenue fell 26% to $13.95 million from $18.88 million, while the FactSet consensus was for a slight increase to $18.91 million. While revenue fell, cost of revenue held steady at about $18.71 million, leading to a gross loss of $4.76 million after a gross profit of $167,000 last year, as no new module exchanges took place during the quarter and given higher costs related to efforts to improve fleet performance. Backlog decreased 1.5% to $1.32 billion. "We are firmly committed to ac
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News
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- Investors in FuelCell Energy (NASDAQ:FCEL) have unfortunately lost 90% over the last three years [Yahoo! Finance]Yahoo! Finance
- FuelCell Energy extends carbon capture technology deal with Exxon [Seeking Alpha]Seeking Alpha
- Recently Updated and Extended Joint Development Agreement between ExxonMobil Technology and Engineering Company and FuelCell Energy Aimed at Accelerating Access to Carbonate Fuel Cell Technology for Carbon Capture [Yahoo! Finance]Yahoo! Finance
FCEL
Earnings
- 3/7/24 - Beat
FCEL
Analyst Actions
- 3/8/24 - Canaccord Genuity
FCEL
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- FCEL's page on the SEC website