FuelCell Energy (FCEL) Misses Q1 EPS by 11c

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Go back to FuelCell Energy (FCEL) Misses Q1 EPS by 11c

FuelCell Energy Reports Results for the First Quarter of Fiscal 2021

March 16, 2021 7:30 AM EDT

First Quarter Fiscal 2021 Highlights
(All comparisons year-over-year unless otherwise noted)

Revenues of $14.9 million compared to $16.3 millionGross loss of $(3.6) million compared to gross profit of $3.3 millionLoss from operations of $(14.4) million compared to $(3.1) millionBacklog of $1.27 billion as of January 31, 2021, a $93.8 million decrease from January 31, 2020Entered into a power purchase agreement for 2.8 megawatt (MW) project in Derby, CT in FebruaryCommenced operation and testing of a prototype solid oxide electrolysis hydrogen platform during the quarter... More