FuelCell Energy Reports Fourth Quarter 2015 Financial Results and Business Update
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FuelCell Energy (FCEL) Enters $30M Project Finance Facility
December 15, 2015 8:32 AM ESTFuelCell Energy, Inc. (Nasdaq: FCEL) announced a $30 million project financing facility with PNC Energy Capital, LLC, a full service capital provider to the renewable energy and demand side management segments of the energy industry. This facility provides long term financing for projects that the Company is developing under power purchase agreements (PPA).
PNC Energy Capital will provide financing through a sale... More
FuelCell Energy (FCEL) Misses Q4 EPS by 10c; Offers Busines Update
December 15, 2015 6:31 AM ESTFuelCell Energy (NASDAQ: FCEL) reported Q4 EPS of ($0.38), $0.10 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $51.5 million versus the consensus estimate of $44.63 million.
Total backlog was $381.4 million as of October 31, 2015 compared to $333.9 million as of October 31, 2014 and $338.3 million at July 31, 2015.
Product sales backlog totaled $90.8 million as of October 31, 2015 compared to $113.1 million as of October 31, 2014. Service backlog totaled $254.1 million as of October 31, 2015 compared to $196.8 million as of October 31, 2014. Advanced Technologies contracts backlog totaled $36.5... More