Fuelcell Energy Inc reports results for the quarter ended April 30 - Earnings Summary

• Fuelcell Energy Inc FCEL.OQ reported a quarterly adjusted loss of $1.79​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $-2.10. The mean expectation of eight analysts for the quarter was for a loss of $1.43 per share. Wall Street expected results to range from $-1.77 to -74 cents per share.

• Revenue rose 66.8% to $37.41 million from a year ago; analysts expected $32.41 million.

• Fuelcell Energy Inc's reported EPS for the quarter was a loss of $1.79​.

• The company reported a quarterly loss of $38.85 million.

• Fuelcell Energy Inc shares had risen by 13.3% this quarter and lost 42.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 "buy."

• Wall Street's median 12-month price target for Fuelcell Energy Inc is $9.25

This summary was machine generated from LSEG data June 6 at 01:30 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)