FuelCell Energy misses by $0.01, misses on revenue

FuelCell Energy (FCEL): FQ2 EPS of -$0.04 misses by $0.01.

Revenue of $38.3M (-9.8% Y/Y) misses by $6.43M.

From other sites
Comments (7)
  • FF373737
    , contributor
    Comments (346) | Send Message
    This is not a surprise as two of their large contracts were announced in the last 4 months and would actually hurt their bottom line initially as they ready/grow to meet the new demands.
    3 Jun 2014, 07:02 PM Reply Like
  • 7huan
    , contributor
    Comments (34) | Send Message
    I am long FCEL, hopefully their share price will bounce back.
    3 Jun 2014, 07:06 PM Reply Like
  • mfergu4018@yahoo.com
    , contributor
    Comments (214) | Send Message
    Fcel has 35m share shorted by hedge funds. Look for the stock to move lower.
    3 Jun 2014, 09:05 PM Reply Like
  • mfergu4018@yahoo.com
    , contributor
    Comments (214) | Send Message
    Fcel has 35m shares shorted by hedge funds. Look for the stock to move lower.
    3 Jun 2014, 09:05 PM Reply Like
  • schwabdaq
    , contributor
    Comments (26) | Send Message
    They actually only got 1.4MW in Q2 of the 30MW of domestic orders they had been hoping for. None of those orders were lost, only delayed. The fact that they didn't get the balance of the 30MW of domestic orders this Q was the main reason for the shortfall in Revs and caused a larger loss.
    On the positive side product backlogs are up BIG, service revs are up and they still expect the balance of the 30MW this year. NOTE: Upon signing, FCEL gets a 20% signing down payment. Also against the $38.3 mil in revs in Q2 the Company is targeting average quarterly revenues for the second half of 2014 in the $50 - $60 million range at the current production level.
    3 Jun 2014, 09:15 PM Reply Like
  • alphaRAJU
    , contributor
    Comments (484) | Send Message
    Time to buy more shares. I'm long $FCEL $HYSR
    3 Jun 2014, 09:49 PM Reply Like
  • speculative
    , contributor
    Comments (1660) | Send Message
    Management expects to meet or exceed 2014 expectations which means that either the 3rd or 4th quarter or spread between both should catch up and make up for the shortcomings. I must admit that my patience is really being put to the test. It makes me question if the shortfalls could have been avoided. How much more could have been done to achieve positive results? They have a backlog which is expected to be converted into cash but for that to happen, expectations without execution only results in failure. Maybe the captain of this ship is excellent in many areas of the business but not where it really counts; execution. Seems to me that management is way too comfortable and missing their numbers is irrelevant to them. Bottom line, it's not the arrow, it's the Indian that's missing the target. Do we need a results driven leader with a strong fist that makes things happen not matter what or do we need a comfortable 50 finger management that points elsewhere when it was their poor performance that fell short? It's easier to look out the window to see who or what can be blamed when the should be focusing on the reflection in the mirrors right in front of them. This technology works and can be deployed much quicker than currently being done but it's all coming down to the executive office. We all know that if Elongated Musk was at the helm, more orders would have been filled while new orders roll in. It's time management gets uncomfortable since we're investors and not lenders.
    3 Jun 2014, 11:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs