FuelCell Energy, Inc. (NASDAQ:FCEL) is set to announce third quarter earning results on Thursday 10th September 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FCEL to report 3Q20 loss of $ 0.06 per share from revenue of $ 16.05 million.
For the full year, analysts anticipate top line of $ 68.70 million, while looking forward to loss of $ 0.4 per share bottom line.
Previous Quarter Performance
FuelCell Energy, Inc. communicated loss for the second quarter of $ 0.07 per share, from the revenue of $ 18.88 million. The quarterly revenues elevated 29.32 percent compared with the same quarter last year. Street analysts expected FuelCell Energy, Inc. to report loss of $ 0.07 per share on revenue of $ 15.55 million for the second quarter. The top line results outshined analysts by $ 3.33 million or 21.41 percent.
Stock Performance
Shares of FuelCell Energy, Inc. traded up $ 0.03 or 1.19 percent on Wednesday, reaching $ 2.55 with volume of 7.84 million shares. The stock opened positive for the day at $ 2.60, after closing the previous day trading at $ 2.52.
According to the previous trading day, closing price of $ 2.52, representing a 995.65 % increase from the 52 week low of $ 0.23 and a 28 % decrease over the 52 week high of $ 3.50.
The company has a market capital of $ 554.57 million and is part of the Utilities sector and Utilities – Independent Power Producers industry.
Conference Call
FuelCell Energy, Inc. will be hosting a conference call at 10:00 AM eastern time on 10th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fuelcellenergy.com
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SureSource Storage, an energy storage solution.
