FuelCell Energy Earnings: Here’s Why Investors are Excited Now

FuelCell Energy Inc. (NASDAQ:FCEL) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 12.24%.

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FuelCell Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.04 in the quarter versus EPS of $-0.06 in the year-earlier quarter.

Revenue: Rose 75.73% to $42.44 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FuelCell Energy Inc. reported adjusted EPS loss of $0.04 per share. By that measure, the company met the mean analyst estimate of $-0.04. It beat the average revenue estimate of $40.16 million.

Quoting Management: “I am very encouraged about the order outlook for our power plants based on customer discussions including utilities and on-site power users. Near-term order volume exists in California, Connecticut and New Jersey as well as Germany and potentially a few other European countries,” said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc.

Key Stats (on next page)…

Revenue increased 16.72% from $36.36 million in the previous quarter. EPS were the same at $-0.04 in the quarter as EPS of $-0.04 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.02 and has not changed. For the current year, the average estimate has moved down from a loss of $0.12 to a loss of $0.17 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)