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.
FuelCell Energy Reports Second Quarter of Fiscal 2024 Results
Second Quarter Fiscal 2024 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 million Gross loss of $(7.1) million compared to $(6.1) million Loss from operations of $(41.4) million compared with $(35.9) million Net loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April 30, 2024.
Why Is FuelCell Energy (FCEL) Stock Up 10% Today?
In the clean energy space, FuelCell Energy (NASDAQ: FCEL ) has certainly been what many would characterize as a laggard. Shares of FCEL stock are down more than 35% on a year-to-date basis alone, and much more from its recent peak.
FuelCell Energy and Gyeonggi Green Energy Announce Agreement for Purchase of Fuel Cell Modules and Service Agreement for World's Largest Fuel Cell Power Platform
DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world's largest fuel cell power platform, located in Hwaseong-si.
