FuelCell Energy Inc (FCEL)

[Drgdarf]

So my guess is the following:
Generation costs were more than revenues and they did not provide explicit guidance other than they do not expect this to happen again. This was a negative surprise. Generation revenues should be higher for subsequent quarters.

I believe people were surprised by the $35m potential credit for general purposes (which is not currently used but will cost $1m). It is interesting that they did not mention another ATM to raise money. I wonder if they heard back from the SEC on this.

I really hope the money is going to be used for something surprising- perhaps they need to put in a large chunk of funding and stock (dream goal - to buy into Korea?)

Also Korea is a negative surprise because they are in arbitration and not currently receiving funds from KOSPO.