FuelCell Energy Earnings: Here’s Why Shares are Down Now

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FuelCell Energy Inc. (NASDAQ:FCEL) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1%.

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FuelCell Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.07 in the quarter versus EPS of $-0.06 in the year-earlier quarter.

Revenue: Decreased 100.16% to $50,000 from the year-earlier quarter.

Actual vs. Wall St. Expectations: FuelCell Energy Inc. reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It missed the average revenue estimate of $35.46 million.

Quoting Management: “We continue to execute on our global growth plans,” said Chip Bottone, President and CEO, FuelCell Energy, Inc. “We have in development a strong pipeline of projects and expect new order acceleration in 2013, as we are seeing increased interest from project investors arising from the execution of our strategic initiatives.”

Key Stats (on next page)…

Revenue decreased 100.14% from $35.42 million in the previous quarter. EPS increased to $-0.07 in the quarter versus EPS of $-0.07 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.02 to a loss $0.03. For the current year, the average estimate has moved down from a loss of $0.09 to a loss of $0.12 over the last ninety days.

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

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