FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results
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FuelCell Energy (FCEL) Tops Q4 EPS by 1c
December 19, 2023 7:32 AM ESTFuelCell Energy (NASDAQ: FCEL) reported Q4 EPS of ($0.07), $0.01 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $22.5 million versus the consensus estimate of $25.13 million.
Overall, backlog decreased by approximately 5.7% to $1.028 billion as of October 31, 2023, compared to $1.09 billion as of October 31, 2022, primarily as a result of revenue recognition under product, generation and service agreements since October 31, 2022. This decline in... More
