Taking a look at the stock chart, we can clearly see that FuelCell Energy (FCEL) has been showing positive signs of change. The price indicators of the company have been increasing from $5.55 to $7.37, which represents a 32% jump. FuelCell Energy reported strong revenue growth in the third quarter, but other numbers deserve closer attention. The total market capitalization of the company for today is 2.077B.
The revenue of the company is up 43% to $26.8 million, gross profit up 135% to $1.1 million, net loss down 21% to $12.8 million, or $0.04 per share from $0.07 a share a year ago and backlog down 2% to $1.3 billion. Consensus estimates called for revenue of $20.7 million and a net loss of $0.05 per share, so it was a pretty big beat, especially on the top line. Today’s sales and earnings beat are even more pronounced given that FuelCell Energy had missed estimates for several quarters in a row.
Finance and Entertainment Reporter
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