FuelCell Vitality, Inc. FCEL in
FuelCell Vitality, Inc. FCEL incurred second-quarter fiscal 2021 internet lack of 6 cents per share, wider than the Zacks Consensus Estimate of a lack of 5 cents. Nevertheless, it in contrast favorably with the year-ago lack of 7 cents.
Whole Revenues
FuelCell’s complete revenues got here in at $14 million, lacking the Zacks Consensus Estimate of $18.9 million by 26.3%. The highest line additionally declined 26% from $18.9 million within the year-earlier interval.
FuelCell Vitality, Inc. Worth, Consensus and EPS Shock
FuelCell Vitality, Inc. price-consensus-eps-surprise-chart | FuelCell Vitality, Inc. Quote
Segmental Particulars
Service and License: Whole revenues have been $0.7 million, down 90.5% yr over yr. This fall was attributable to no new module exchanges throughout the reported quarter together with value estimate changes associated to adjustments within the anticipated timing of future module exchanges.
Technology: Whole revenues of $6.2 million improved 33.6% yr over yr. This rise was owingto larger working output of the technology fleet portfolio and gross sales of renewable vitality credit.
Superior Applied sciences: Whole revenues of $7.1 million dipped 2.3% yr over yr. This decline was attributable to decrease revenues acknowledged underneath authorities contracts.
Highlights of the Launch
Within the reported quarter, the corporate incurred a gross lack of $4.eight million in opposition to a revenue of $0.2 million recorded for second-quarter fiscal 2020.
Whole working bills rose 52.1% yr over yr to $12.6 million.
Curiosity expense for the reported quarter was $1.6 million, down 56.4% from the prior fiscal-year interval.
Backlog on the finish of second-quarter fiscal 2021 was $1.32 billion, down 1.5% yr over yr.
Monetary Replace
Money and money equivalents (unrestricted) as of Apr 30, 2021 have been $139.1 million in contrast with $149.9 million on Oct 31, 2020.
Lengthy-term debt and different liabilities as of Apr 30, 2021 have been $75.6 million in contrast with $150.7 million on Oct 31, 2020.
Zacks Rank
Presently, FuelCell has a Zacks Rank #3 (Maintain). You possibly can see the whole record of at the moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Upcoming Releases
Ameresco, Inc. AMRC is anticipated to report second-quarter 2021 outcomes on Aug 2, 2021. The Zacks Consensus Estimate for earnings is pegged at 25 cents per share.
Evergy Inc. EVRG is anticipated to launch second-quarter 2021 earnings efficiency on Aug 4, 2021. The Zacks Consensus Estimate for earnings is pegged at 84 cents per share.
Clearway Vitality Inc. CWEN is anticipated to report second-quarter 2021 earnings on Aug 5, 2021. The Zacks Consensus Estimate for earnings stands at 43 cents per share.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.