FuelCell (FCEL) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Jan 09, 2020 08:21PM ET
FuelCell Energy Inc. (NASDAQ:FCEL) is scheduled to release fourth-quarter fiscal 2019 results on Jan 14, 2020. In the last reported quarter, the company delivered a negative earnings surprise of 84.4%.
Let’s see how things are shaping up for this alternate energy company prior to the earnings announcement.
Factors to Note
During the quarter, FuelCell Energy announced the conclusion of the engagement with Huron Consulting, which provide various services related to the company's restructuring and contingency planning initiatives. The initiatives will assist FuelCell to benefit from rightsizing of business, implementation of cost-cutting measures and repayment of debts.
During the quarter, the company received commitment and strategic investments from Orion Capital Partners and ExxonMobil (NYSE:XOM), which will help FuelCell in the execution of certain projects and to expand its carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities.
FuelCell Energy’s Tulare Project started commercial operation in California during the fourth quarter. This 2.8-megawatt fuel cell project has a 20-year power purchase agreement to supply California Electric Grid. This project will have a positive impact on revenues of the company. The Zacks Consensus Estimate for the quarter is revenues of $9 million and a loss of 9 cents per share.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for FuelCell this time around. The combination of a positive Original post
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