Back to top

Image: Bigstock

FuelCell Energy (FCEL) Q3 Loss Wider Than Expected, Sales Top

Read MoreHide Full Article

FuelCell Energy, Inc. (FCEL - Free Report) incurred third-quarter fiscal 2018 adjusted loss of 20 cents per share, wider than the Zacks Consensus Estimate of a loss of 19 cents. However, the loss was narrower than 31 cents recorded in the year-ago quarter.

Total Revenues

Adjusted revenues of $12.11 million surpassed the Zacks Consensus Estimate of $12 million by 0.9%. Also, the top line improved 17% from the prior-year figure of $10.3 million.

FuelCell Energy, Inc. Price, Consensus and EPS Surprise

 

Segmental Performance

Product Revenues: This segment’s revenues increased 117.3% year over year to $1.3 million.

Service and License Revenues: This segment’s revenues increased 15.4% to $5.5 million on higher revenue from module replacements.

 Generation Revenues: The segmental revenues improved 0.3% to $1.7 million.

Advanced Technologies Contract Revenues: The top line declined 9% to $3.5 million at the segment. Revenues increased in the fiscal third quarter primarily backed by the timing of project activity under existing contracts.

Operational Results

Total operating expenses were up 6% year over year to $12.4 million towing to increased business activities as well as product development efforts.

Interest expenses came in at $2.4 million, up 6.8% from $2.2 million a year ago.

Total amount of backlog, as of Jul 31, 2018, was $793.2 million. Total amount of project awards as of Jul 31, 2018 was $1.9 billion.

Financial Position

FuelCell Energy had cash and cash equivalents of $48.6 million as of Jul 31, 2018, compared with $49.3 million as of Oct 31, 2017.

Long-term debt was $77.3 million as of Jul 31, 2018, compared with $63.8 million as of Oct 31, 2017.

Zacks Rank

FuelCell Energy currently carries a Zacks Rank #4 (Sell).

Other Oils-Energy Sector Releases

Other top-ranked stocks from the sector, which beat second-quarter 2018 earnings estimates, are CONSOL Coal Resources LP , Southwestern Energy Company (SWN - Free Report) and Northern Oil and Gas, Inc. (NOG - Free Report) . While CONSOL Coal and Southwestern Energy sport a Zacks Rank #1 (Strong Buy), Northern Oil and Gas holds a Zacks Rank #2 (Buy). The companies beat the Zacks Consensus Estimate by 6.15%, 12.5% and 12.5%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Southwestern Energy Company (SWN) - free report >>

FuelCell Energy, Inc. (FCEL) - free report >>

Northern Oil and Gas, Inc. (NOG) - free report >>

Published in