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Recap: FuelCell Energy Q1 Earnings

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Shares of FuelCell Energy (NASDAQ:FCEL) decreased 8.5% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 70.00% year over year to ($0.06), which missed the estimate of ($0.04).

Revenue of $14,877,000 decreased by 8.53% year over year, which missed the estimate of $22,110,000.

Looking Ahead

FuelCell Energy hasn't issued any earnings guidance for the time being.

FuelCell Energy hasn't issued any revenue guidance for the time being.

View more earnings on FCEL

See also: Best Alternative Fuel Stocks

Conference Call Details

Date: Mar 16, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.fce.com%2F&eventid=3065296&sessionid=1&key=491F78C38BE905BF36D6776C19DAAC4E&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $29.44

52-week low: $1.00

Price action over last quarter: down 14.07%

Company Profile

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.

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