FuelCell Energy Inc. FCEL will announce the fiscal results of the fourth quarter in January on 21 January. In the last reported quarter, the company delivered a negative earnings surprise of 16.7%.
Let’s look at how things formed before this alternative energy company before announcing the earnings.
Factors to pay attention to
During the fourth quarter, FuelCell Energy received a contract from the U.S. Department of Energy to design and manufacture a SureSource electrolysis platform capable of producing hydrogen. This project will be the first multi-branch electrolysis system manufactured using FuelCell’s solid oxide technology.
During the quarter, the company issued notes and used a portion of the proceeds to repay outstanding debt and balance the proceeds for further development and commercialization of the solid oxide platform.
Fourth quarter expectations
The Zacks consensus estimate for the top and bottom lines was set at $ 15.92 million and a loss of 7 cents per share, respectively.
Earnings whisper
Our proven model does not predict a profit for FuelCell this time. The combination of a positive earnings figure and a Zacks rank # 1 (strong buy), 2 (buy) or 3 (hold) increases the chance of an earnings hit. However, it did not have the required combination as set out below. You can see the full list of today’s Zacks # 1 Rank shares here.
FuelCell Energy, Inc. Price and EPS surprise
FuelCell Energy, Inc. price eps surprise | FuelCell Energy, Inc. Quote
Earnings ESP: The company’s earnings rate is 0.00%. You can discover the best stocks to buy or sell before reporting them with our earnings ESP filter.
Zacks Rank: FuelCell currently has a Zacks Rank # 3.
Stocks with favorable combination
Here are some stocks from the same industry that have the right combination of elements to deliver an earnings boost in the upcoming releases:
Bloom Energy Corporation BE will announce the results of the fourth quarter of 2020 on 10 February. It has an earnings ESP of + 150.00% and a Zacks rank # 3.
TC Energy Corporation TRP is likely to come up with a partner when reporting its fourth-quarter results. It has an earnings ESP of + 2.90% and a Zacks rank # 3.
Ameresco Inc. AMRC is likely to exceed revenue estimates if it reports fourth quarter 2020 results. It has an earnings ESP of + 5.08% and a Zacks rank # 2.
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FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report
Ameresco, Inc. (AMRC): Free Inventory Analysis Report
TC Energy Corporation (TRP): Free Stock Analysis Report
Bloom Energy Corporation (BE): Free Inventory Analysis Report
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