FuelCell (FCEL) to Release Fourth Quarter Revenue: What’s Next?



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FuelCell Energy Inc. FCEL is expected to release its results for the fourth quarter of fiscal 2020 on January 21. In the last reported quarter, the company recorded a negative surprise of 16.7%.

Let’s see how things turned out for this alternative energy company before the results were announced.

Factors to note

During the fourth quarter, FuelCell Energy was awarded a contract from the US Department of Energy to design and manufacture a SureSource electrolysis platform capable of producing hydrogen. This project will be the first multi-stack electrolysis system produced with FuelCell’s solid oxide technology.

During the quarter, the company issued notes and used a portion of the proceeds to repay unpaid debts and balance the proceeds for the development and commercialization of the solid oxide platform.

Fourth Quarter Expectations

Zacks’ consensus estimate for the upper and lower lines is set at $ 15.92 million and a loss of 7 cents per share, respectively.

Whispers of income

Our proven model does not conclusively predict a profit beating for FuelCell this time around. The combination of a positive earnings ESP and a Zacks # 1 (strong buy), 2 (buy) or 3 (hold) rank increases the chances of a winning beat. However, it does not have the required combination, as explained below. You can see The full list of current Zacks # 1 Rank stocks here.

FuelCell Energy, Inc. price and EPS surprise

FuelCell Energy, Inc. price and EPS surprise
FuelCell Energy, Inc. price and EPS surprise

FuelCell Energy, Inc. price-eps-surprise | Quote from FuelCell Energy, Inc.

ESP benefits: The PSE of company profits is 0.00%. You can discover the best stocks to buy or sell before they are declared with our ESP earnings filter.

Zacks Rank: FuelCell currently has a Zacks # 3 rank.

Stocks with a favorable combination

Here are a few stocks from the same industry that have the right mix of items to show a profit beat in future releases:

Bloom Energy Corporation BE is expected to release its fourth quarter 2020 results on February 10. He has an ESP profit of + 150.00% and a Zacks # 3 rank.

TC Energy Corporation TRP is likely to find a rhythm when it releases fourth quarter results. He has an ESP of + 2.90% earnings and a Zacks # 3 rank.

Ameresco Inc. AMRC is likely to outperform earnings estimates when it releases Q4 2020 results. It has a + 5.08% earnings ESP and a Zacks # 2 rank.

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FuelCell Energy, Inc. (FCEL): Free Inventory Analysis Report

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