FuelCell Books Wider-than-Feared Q4 Loss; Shares Drop 13%
30 Dezembro 2021 - 04:17AM
TipRanks
FuelCell Energy, Inc. (NASDAQ: FCEL), a fuel cell company, has
reported a larger-than-expected loss in the fourth quarter of
Fiscal 2021 (ended October 31). Also, revenues missed analysts’
expectations by a wide margin. Following the results, shares
of the company lost almost 13% on Wednesday to close at
$5.11. Results in Detail FuelCell incurred a loss
of $0.07 per share, higher than the Street’s loss estimate of $0.02
per share. The company reported a loss of $0.08 per share in the
same quarter last year. Total revenues generated during the
quarter declined 18% year-over-year and stood at $13.9 million,
missing the consensus estimate of $21.9 million.
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FuelCell Energy (NASDAQ:FCEL)
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