2023-06-07 14:17:18 ET
FuelCell Energy ( NASDAQ: FCEL ) is scheduled to announce FQ2 earnings results on Thursday, June 8th, before market open.
The consensus EPS Estimate is -$0.07 (vs. -$0.08 last year) and the consensus Revenue Estimate is $26.78M (+63.5% Y/Y).
Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 3 upward revisions and 5 downward.
The fuel cell maker in early March reported FQ1 results that beat estimates. It swung to a profit from a year-ago loss on a nearly 17% Y/Y gain in revenue.
FCEL is expected to post a strong gain in revenue for FQ2, helped by order wins and collaborations.
FCEL in early May said it had got an order from Exxon Mobil ( XOM ) to provide carbon capture technology and engineering support. Investors cheered the win, sending FCEL stock up more than 8%
Later in May, FCEL signed a memorandum of understanding with Chart Industries ( GTLS ) to collaborate on decarbonization and hydrogen technologies.
However, JR Research, investing group leader of Ultimate Growth Investing , had some words of caution on FCEL.
"FuelCell Energy ( FCEL ) remains deeply unprofitable. With growth investors turning to the AI hype now, they might not be interested in green hydrogen players like FCEL," JR Research said .
FCEL stock is rated hold by both Wall Street analysts and Seeking Alpha's Quant system . The SA Authors rating is sell.
FuelCell ( FCEL ) shares have fallen 14.4% YTD.
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FuelCell Energy expected to post +60% rise in FQ2 revenue, helped by order wins