Fuelcell Energy Inc reports results for the quarter ended January 31 - Earnings Summary

• Fuelcell Energy Inc FCEL.OQ reported a quarterly adjusted loss of $1.35​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of $-1.50. The mean expectation of seven analysts for the quarter was for a loss of $1.50 per share. Wall Street expected results to range from $-1.77 to $-1.18 per share.

• Revenue rose 13.8% to $19.00 million from a year ago; analysts expected $33.29 million.

• Fuelcell Energy Inc's reported EPS for the quarter was a loss of $1.42​.

• The company reported a quarterly loss of $29.13 million.

• Fuelcell Energy Inc shares had fallen by 30.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"

Wall Street's median 12-month price target for Fuelcell Energy Inc is $12.00

This summary was machine generated from LSEG data March 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)