What's Going On With FuelCell Energy's Stock Today
Portfolio Pulse from Akanksha Bakshi
FuelCell Energy Inc (NASDAQ:FCEL) reported Q2 FY23 revenues of $38.35 million, more than double from a year ago, beating the consensus of $25.45 million. However, the company reported a wider EPS loss of $(0.09) and an operating loss of $(35.86) million. Backlog decreased by ~23% to $1.022 billion.
June 08, 2023 | 1:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FuelCell Energy reported Q2 FY23 revenues of $38.35 million, beating consensus, but posted a wider EPS loss and a decreased backlog.
FuelCell Energy's Q2 FY23 revenues beat expectations, but the company reported a wider EPS loss and a decreased backlog, which may negatively impact the stock price in the short term. The decline in backlog reflects the decision not to proceed with certain generation projects, which could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100