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.
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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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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