FuelCell Energy (FCEL) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - FuelCell Energy reported a revenue of $16.69 million for the quarter ended January 2024, marking a year-over-year decline of 55% [1] - The reported revenue was a surprise of -26.57% compared to the Zacks Consensus Estimate of $22.73 million [1] - The EPS for the same period was -$0.05, consistent with the previous year, while the consensus EPS estimate was -$0.08, resulting in a surprise of +37.50% [1] Revenue Breakdown - Revenues from Generation were $10.49 million, below the estimated $11.59 million [2] - Revenues from Advanced Technologies were $4.58 million, compared to the average estimate of $6.13 million [2] - Revenues from Service were $1.61 million, significantly lower than the average estimate of $10.24 million [2] Stock Performance - Shares of FuelCell Energy have returned -2.4% over the past month, while the Zacks S&P 500 composite increased by +3.2% [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]