-=FuelCell Energy (FCEL) drop as short-selling firm alleges it's lost contracts

 

Shares in FuelCell Energy (FCEL) dropped 10% as a short-selling company, Night Market Research, alleged the company lost two contracts in its backlog and didn't disclose that in a fundraising completed last week. The contracts in the backlog that allegedly were cancelled were with PSEG Long Island. Messages to both FuelCell Energy and PSEG Long Island weren't immediately returned. The stock has soared 488% over the last 12 months.

FuelCell Energy (FCEL) reported earnings Thur 11 Jan 18 (b/o)

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.

Sector: Industrials
Industry: Electrical Equipment & Parts
Full Time Employees: 301
http://www.fuelcellenergy.com


** charts after earnings **

 

• FuelCell Energy beats by $0.03, beats on revs

DANBURY, Conn. (AP) _ FuelCell Energy Inc. (FCEL) on Thursday reported a loss of $10 million in its fiscal fourth quarter.

On a per-share basis, the Danbury, Connecticut-based company said it had a loss of 17 cents.

The fuel cell power plant maker posted revenue of $47.9 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $25 million.

For the year, the company reported that its loss narrowed to $53.9 million, or $1.14 per share. Revenue was reported as $95.7 million.

The company's shares closed at $1.85. A year ago, they were trading at $1.95.

FuelCell Energy(FCEL) reported earnings Thur 9 June 16 (b/o)

** charts after earnings **

 

FuelCell Energy misses by $0.16, misses on revs :

• Reports Q2 (Apr) loss of $0.56 per share, $0.16 worse than the Capital IQ Consensus of ($0.40); revenues were unchanged from the year-ago period at $28.6 mln.
• Total backlog was $410.7 million as of April 30, 2016 compared to $312.2 million as of April 30, 2015 and sequentially, total backlog was $403.9 million as of January 31, 2016.