FuelCell Energy (FCEL) Will Sell University of Bridgeport Plant Project to NRG Energy (NRG)
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September 9, 2014 7:49 AM EDT
Plug Power (Nasdaq: PLUG) and Ballard Power (Nasdaq: BLDP) are on watch Tuesday following quarterly results from segment peer FuelCell Energy (Nasdaq: FCEL).
Ahead of the bell Tuesday, FuelCell... More
September 9, 2014 6:38 AM EDT
FuelCell Energy (NASDAQ: FCEL) reported Q3 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $43.18 million versus the consensus estimate of $53.64 million.
Total backlog increased to $350.2 million at July 31, 2014 compared to $342.8 million at April 30, 2014.
Product sales backlog was $137.3 million and 82.1 megawatts at July 31, 2014. Product backlog decreased $9.4 million sequentially with kit shipments to Asia exceeding new orders in North America although the composition of product backlog is transitioning to higher margin complete power plants with recent order announcements.Service backlog was $201.8 million at July 31, 2014. Service backlog...
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