FuelCell Energy (FCEL) PT Lowered to $1.25 at Jefferies

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Go back to FuelCell Energy (FCEL) PT Lowered to $1.25 at Jefferies

FuelCell Energy Reports First Quarter of Fiscal 2024 Results

March 7, 2024 7:30 AM EST

First Quarter Fiscal 2024 Financial Summary
(All comparisons are year-over-year unless otherwise noted)

Revenues of $16.7 million compared to $37.1 millionGross loss of $11.7 million compared to a gross profit of $5.2 millionLoss from operations of $(42.5) million compared to $(22.5) millionNet loss per share was $(0.05) in both quarters

DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by... More