FuelCell Energy Inc (FCEL) Releases Earnings Results, Beats Expectations By $0.01 EPS

FuelCell Energy Inc (FCEL) announced its most recent quarterly financial results on Wednesday, Sep-7-2016. FCEL said it had a profit of $-0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.39. The company posted revenue of $21.72 million in the period, compared to analysts expectations of $32.28 million. FCEL’s revenue was down -47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.29 EPS.

FuelCell Energy Inc (FCEL) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.12 and reached the intraday high at $5.16. The bulls started the profit booking and pushed the shares to intraday low of $5. The trading session was marked by a volume range of 5,05,309 shares exchanging hands. The 52-week high of the shares is $12.240048 and the 52-week low is $4.51. The market cap of the company stands at $162 M and there are 3,13,86,019 shares in public circulation.

FuelCell Energy Inc. is an integrated fuel cell company. The Company designs manufactures sells installs operates and services ultra-clean stationary fuel cell power plants for distributed power generation. It provides turn-key power generation solutions to its customers including power plant installations as well as power plant operation and maintenance. The Company’s Direct FuelCell (DFC) power plants utilize carbonate fuel cell technology and produce base load electricity. It has two primary markets for its products which include Ultra-Clean Power and Renewable Power. The Company also offers solutions such as DFC-ERG (Direct FuelCell Energy Recovery Generation) and HEFC (High Efficiency Fuel Cell). The Company operates in South Korea the United States Asia Europe and Canada. Its customers include utility companies municipalities universities government entities and a variety of industrial and commercial enterprises.

FuelCell Energy Inc

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