FuelCell Energy, Inc. (FCEL) Q3 2024 Earnings Call Transcript
FuelCell Energy, Inc. (NASDAQ:FCEL ) Q3 2024 Results Earnings Conference Call September 5, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance and Investor Relations Jason Few - President and Chief Executive Officer Michael Bishop - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Ryan Pfingst - B. Riley Securities Saumya Jain - UBS Noel Parks - Touhy Brothers Jeffrey Campbell - Seaport Research Partners Operator Thank you for standing by and welcome to the FuelCell Energy Third Quarter of Fiscal 2024 Financial Results Conference Call.
FuelCell Energy (FCEL) Reports Q3 Loss, Tops Revenue Estimates
FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.06 per share a year ago.
FuelCell Energy to ask shareholders to vote on another reverse stock split
FuelCell Energy Inc. said Tuesday it will hold a special meeting of shareholders to ask them to vote on a proposal that will allow the fuel-cell technology company to enact a reverse stock split.
Cheap Beyond Belief: FuelCell Energy Stock Has Ridiculous Upside Potential
Hydrogen hopefuls, listen up! FuelCell Energy (NASDAQ: FCEL ), the Connecticut-headquartered hydrogen-production company, is absurdly underappreciated on Wall Street.
FCEL Stock Alert: FuelCell Energy Pops on Korean Market Update
FuelCell Energy (NASDAQ: FCEL ) stock is getting a boost on Thursday after the company provided investors with an update on its business in the Korean market. FuelCell Energy says that its expansion into the Korean market is going well.
3 Stocks to Sell Faster Than the Market Can Say ‘Crash'
The market continues to hit record highs and macroeconomic reports suggest that the economy is finally healing from high inflation. This all adds up to make one of the most ferocious bull markets in recent memory.
FuelCell Energy: Relentless Dilution Bodes Well For Preferred Stockholders
FuelCell Energy reported uninspiring Q2/FY2024 results with negative gross margins and significant cash burn. With open market sales remaining the company's primary funding source, relentless dilution for common shareholders continued. Subsequent to quarter-end, the company signed a $160 million long-term service agreement in Korea, which should boost revenues significantly starting in FY2025.
FuelCell Energy Ignites Short-Covering Rally, Don't Buy Into It
FuelCell Energy NASDAQ: FCEL is up a solid 20% following its latest earnings release on dubious news and hope. The move confirms a technical reversal in the share price, but the report's detail belies the technical outlook.
Why FuelCell Energy Stock Popped 13% on Monday
FuelCell Energy reported lower losses than forecast this morning. The fuel cell company lost only $0.07 per share, better than $0.09 per share a year ago.
FCEL Stock: Why FuelCell Energy Reported a 40% Drop in Revenue
FuelCell Energy (NASDAQ: FCEL ) stock is in the green despite reporting a 42% revenue drop in its fiscal second-quarter earnings. Revenue tallied in at $22.4 million compared to $38.3 million a year ago.
FuelCell Energy (FCEL) Reports Q2 Loss, Tops Revenue Estimates
FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago.
FuelCell's stock gains after quarterly results beat expectations, but is still in delisting territory
Shares of FuelCell Energy Inc. FCEL, -5.52% got a 0.6% lift Monday after fuel cell technology company reported a narrower-than-expected fiscal second-quarter loss, as strength in its generation and advanced technologies businesses offset a sharp drop in service agreements. The net loss for the quarter to April 30 was $32.9 million, or 7 cents a share, compared with a loss of $35.1 million, or 9 cents a share, in the same period a year ago.
