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FuelCell Energy (FCEL -3.4%) shares slide after the developer of fuel cell power plants reports...

FuelCell Energy (FCEL -3.4%) shares slide after the developer of fuel cell power plants reports a Y/Y drop in revenue for FY 2012. Total revenues for the year ended Oct. 31 was ~$120M, 2% lower than the prior year, including an 8% drop in product sales.

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Comments (4)
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    If you are selling FCEL due to a revenue drop, you did not read the annual report.

     

    A few years ago, a fuel cell was an interesting idea. Today FCEL is the only fuel cell mfg that operates at the grid level. The stock is 12-18 months away from being net profitable, they are gross profitable now.

     

    Buy a lot now and wait, or wait a lot now and buy many, many fewer shares for the same $$. Most importantly, read the new annual report. It is an education in where this is all likely going.
    15 Jan 2013, 11:57 AM Reply Like
  • thotdoc
    , contributor
    Comments (1839) | Send Message
     
    I should have written, the only pure play fuel cell manufacturer that operates at the grid level.
    15 Jan 2013, 01:30 PM Reply Like
  • guyrhansen
    , contributor
    Comments (14) | Send Message
     
    Aren't you a little late to the party with this? FCEL reported way back on December 20th at which point their share price was below a buck against the current price of $1.15. Yeah, the price dropped on the news back in December, but the shares are way up (as a percentage) since then, What is your point?
    15 Jan 2013, 02:58 PM Reply Like
  • bruacorn
    , contributor
    Comments (2) | Send Message
     
    The year over year revenue comparison is difficult because of the product mix. Current year revenues are almost entirely fuel cell stacks sold to POSCO, while prior year revenues included more complete plants. Take a look at Gross Profit and you will see a huge year over year improvement.
    15 Jan 2013, 02:59 PM Reply Like
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