The Q1 2017 earnings report for small cap fuel cell stockFuelCell Energy Inc (NASDAQ: FCEL) is scheduled forbefore the marketopens onThursday (March 9th). Last December,FuelCell Energy announced a business restructuring to reduce costs and align production levels with current levels of demand in a manner that is consistent with the Companys long-term strategic plan.The Company said it cut 96 jobs, or 17% of its workforce, and has halved production to 25 megawatts a year in order to position for delays in order flow.
A technical chart for small cap FuelCell Energy shows shares falling through a support level in October and having stabilized over the past month:
A long term performance chart shows shares of small cap FuelCell Energy along withalternative energy or fuel cell stocks like Ballard Power Systems Inc (NASDAQ: BLDP), Hydrogenics Corporation (NASDAQ: HYGS) and Plug Power Inc (NASDAQ: PLUG) all peaking in 2014 with some signs of stabilization early last year before they drifted a bit lower:
Around mid-January, FuelCell Energy reportedthat Q4 revenues were $24.5 million versus $51.5 million as product sales totaled $8.4 million versus $43.8 million; service agreements and license revenues totaled $11.4 million versus $5.5 million (with the increase due to a number of service agreements that commenced in 2016, a greater number of module replacements under service contracts, and electricity sales from power purchase agreements);andadvanced technologies contract revenues totaled $4.7 million versus $2.1 million.The net loss attributable to common shareholders totaled $13.7 million versus $9.7 million as cash, cash equivalents, restricted cash and financing availability totaled $156.5 million. Total backlog was $432.3 million as of October 31, 2016 compared to $381.4 million as of October 31, 2015.
The CEO commented: “We are focused on developing and closing projects as we take near-term actions to reduce spending and our cost structure.”
Finally, here is a quick recap of small cap FuelCell Energys recent earnings history along with EPS estimate trends from the Yahoo! Finance analyst estimates page:
|7 Days Ago||-0.32||-0.29||-1.1||-0.81|
|30 Days Ago||-0.32||-0.29||-1.1||-0.81|
|60 Days Ago||-0.35||-0.29||-1.15||-0.59|
|90 Days Ago||-0.35||-0.29||-1.14||-0.59|
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