FuelCell Energy Reports First Quarter 2015 Financial Results
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FuelCell (FCEL) Pipeline Looks Robust; Cowen Maintains at 'Outperform'
March 12, 2015 9:37 AM EDTCowen and Company affirms FuelCell Energy (Nasdaq: FCEL) at Outperform with a $3 price target following quarterly results and a conference call from management.
Analyst Jeffery Osborne noted the following highlights from FuelCell's quarterly call:
Light on Top Line Revenue, Impacted by Election to Hold Assets On Balance Sheet; Gross Margin and EPS Remain Strong
FuelCell reported revenue of $41.7 million, which was below our and consensus estimates of $48.1 million and $48.0 million, respectively. Management commented that revenue for the quarter would have been $5 to $6 million higher had they not retained a project on... More
Gross Margin Expansion Keeps Cowen Positive on FuelCell (FCEL); Maintains 'Outperform' Rating
March 11, 2015 9:47 AM EDTCowen and Company affirms FuelCell Energy (Nasdaq: FCEL) at Outperform with a price target of $3 following Q1 results reported earlier in the session.
Analyst Jeffrey Osborne noted that FCEL's Q1 revenue of $41.7 million and loss of $0.02 per share compared with the firm's revenue... More
FuelCell Energy (FCEL) Reports In-Line Q1 Loss of 2c/Share; Backlog Up 3.4%
March 11, 2015 6:34 AM EDTFuelCell Energy (NASDAQ: FCEL) reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $41.7 million versus the consensus estimate of $48 million.
Revenue Backlog
Total backlog was $337.0 million at January 31, 2015 compared to $326.9 million at January 31, 2014.
Product sales backlog totaled $109.0 million at January 31, 2015 compared to $144.6 million at January 31,... More