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.