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FuelCell (FCEL) to Report Q4 Earnings: What's in the Offing?
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FuelCell Energy Inc. (FCEL - Free Report) is scheduled to release fourth-quarter fiscal 2020 results on Jan 21. In the last reported quarter, the company delivered a negative earnings surprise of 16.7%.
Let’s see how things have shaped up for this alternate energy company prior to the earnings announcement.
Factors to Note
During the fourth quarter, FuelCell Energy received a contract from the U.S. Department of Energy to design and manufacture a SureSource electrolysis platform capable of producing hydrogen. This project will be the first multi-stack electrolysis system produced with FuelCell’s solid oxide technology.
During the quarter, the company issued notes and utilized a portion of the proceeds to repay outstanding debts and balance proceeds for further development and commercialization of the solid oxide platform.
Fourth-Quarter Expectations
The Zacks Consensus Estimate for the top and bottom lines is pegged at $15.92 million and a loss of 7 cents per share, respectively.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, it does not have the required combination, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FuelCell currently has a Zacks Rank #3.
Stocks With Favorable Combination
Here are a few stocks from the same industry that have the right combination of elements to post an earnings beat in the upcoming releases:
Bloom Energy Corporation (BE - Free Report) is set to release fourth-quarter 2020 results on Feb 10. It has an Earnings ESP of +150.00% and a Zacks Rank #3.
TC Energy Corporation (TRP - Free Report) is likely to come up with a beat when it reports fourth-quarter results. It has an Earnings ESP of +2.90% and a Zacks Rank #3.
Ameresco Inc. (AMRC - Free Report) is likely to surpass earnings estimates when it reports fourth-quarter 2020 results. It has an Earnings ESP of +5.08% and a Zacks Rank #2.
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FuelCell (FCEL) to Report Q4 Earnings: What's in the Offing?
FuelCell Energy Inc. (FCEL - Free Report) is scheduled to release fourth-quarter fiscal 2020 results on Jan 21. In the last reported quarter, the company delivered a negative earnings surprise of 16.7%.
Let’s see how things have shaped up for this alternate energy company prior to the earnings announcement.
Factors to Note
During the fourth quarter, FuelCell Energy received a contract from the U.S. Department of Energy to design and manufacture a SureSource electrolysis platform capable of producing hydrogen. This project will be the first multi-stack electrolysis system produced with FuelCell’s solid oxide technology.
During the quarter, the company issued notes and utilized a portion of the proceeds to repay outstanding debts and balance proceeds for further development and commercialization of the solid oxide platform.
Fourth-Quarter Expectations
The Zacks Consensus Estimate for the top and bottom lines is pegged at $15.92 million and a loss of 7 cents per share, respectively.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, it does not have the required combination, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
FuelCell Energy, Inc. Price and EPS Surprise
FuelCell Energy, Inc. price-eps-surprise | FuelCell Energy, Inc. Quote
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: FuelCell currently has a Zacks Rank #3.
Stocks With Favorable Combination
Here are a few stocks from the same industry that have the right combination of elements to post an earnings beat in the upcoming releases:
Bloom Energy Corporation (BE - Free Report) is set to release fourth-quarter 2020 results on Feb 10. It has an Earnings ESP of +150.00% and a Zacks Rank #3.
TC Energy Corporation (TRP - Free Report) is likely to come up with a beat when it reports fourth-quarter results. It has an Earnings ESP of +2.90% and a Zacks Rank #3.
Ameresco Inc. (AMRC - Free Report) is likely to surpass earnings estimates when it reports fourth-quarter 2020 results. It has an Earnings ESP of +5.08% and a Zacks Rank #2.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>