FuelCell Energy (NASDAQ: FCEL) reported Q1 EPS of ($0.15), $0.11 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $14.9 million versus the consensus estimate of $22.11 million.

• Backlog decreased 7% to $1.27 billion as of January 31, 2021, reflecting the continued execution of backlog and adjustments to generation backlog, primarily resulting from the decrease in fuel pricing which has lowered estimated future revenue

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