FuelCell Energy Inc (FCEL)

[jbsliverer]

Dead cat bounce might be a little hard to do unless FCEL really comes out with something substantial and big surprise. This article came across my radar, have no position at the moment, just watching the drifting downward trend.

https://seekingalpha.com/news/3880873-fuelcell-energy-q3-earnings-preview-deepening-losses-in-the-cards-for-green-energy-firm?utm_source=stck.pro&utm_medium=referral

FuelCell Energy Q3 earnings preview: Deepening losses in the cards for green energy firm?
Sep. 07, 2022 10:35 AM ETFuelCell Energy, Inc. (FCEL)By: Preeti Singh, SA News Editor1 Comment
Hydrogen-Powered Fuel Cell Unveiled in L.A.
David McNew

FuelCell Energy (NASDAQ:FCEL) is scheduled to announce Q3 earnings results on Thursday, September 8th, before market open.

The consensus EPS Estimate is -$0.06 and the consensus Revenue Estimate is $35.16M (+31.2% Y/Y).

Over the last 3 months, EPS estimates have seen 3 upward revisions and 2 downward. Revenue estimates have seen 5 upward revisions and 3 downward.

FuelCell Energy posted a larger than forecast Q2 GAAP loss while revenues rose 17% Y/Y to $16.4M, roughly half of analyst expectations. It attributed the wider loss to higher manufacturing variances, $4.8M of non-recoverable costs related to the construction of the Toyota project, lower Advanced Technologies margin, and increased operating expenses.

Meanwhile, FuelCell's shares are trading near all-time lows, having fallen more than -32% YTD, far greater than its peer Plug Power (PLUG), which recently reported a larger than expected loss in its latest quarter.


Seeking Alpha has maintained a Sell rating on the stock, while SA authors on average have a Hold rating. FuelCell remains a challenging buy unless "management revises its medium-term outlook significantly" according to JR Research.

Multiple project delays and minimal pipelines also make it unlikely for FuelCell to meet its projections of delivering profitability and $300M in revenues in FY2025.

Now Read: FuelCell: Don't Be Tempted To Buy This Pullback Yet