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FuelCell Energy Q1 2023 Earnings Report

FuelCell Energy logo
$10.42 +1.09 (+11.68%)
(As of 12/20/2024 05:40 PM ET)

FuelCell Energy EPS Results

Actual EPS
-$1.50
Consensus EPS
-$2.10
Beat/Miss
Beat by +$0.60
One Year Ago EPS
-$1.20

FuelCell Energy Revenue Results

Actual Revenue
$37.10 million
Expected Revenue
$25.24 million
Beat/Miss
Beat by +$11.86 million
YoY Revenue Growth
+16.70%

FuelCell Energy Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

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FuelCell Energy Earnings Headlines

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FuelCell price target lowered to $8.40 from $15 at Jefferies
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About FuelCell Energy

FuelCell Energy (NASDAQ:FCEL), together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems. It also offers technology to produce electricity, heat, hydrogen, and water. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, commercial and hospitality, microgrids, manufacturing, industrial hydrogen, port, oil and gas, wind and solar projects, food and beverage, hydrogen for mobility and material handling, and hydrogen fuel for heat, as well as engineering, procurement, and construction firms. The company primarily operates in the United States, South Korea, and Europe. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

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