FuelCell Energy Reports First Quarter 2016 Financial Results and Business Update
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FuelCell Energy (FCEL) Posts Wider-than-Expected Q4 Loss
March 10, 2016 6:44 AM ESTFuelCell Energy (NASDAQ: FCEL) reported Q1 EPS of ($0.48), $0.13 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $33.5 million versus the consensus estimate of $35.21 million.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2016 totaled ($10.3) million. Adjusted EBITDA in Q414 was negative $4.08 million.
During the first quarter of 2016, the University of California Irvine Medical Center (UCI) project began ommercial operation and financing for this project was closed with PNC Energy Capital (PNC).... More
