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FuelCell Energy Slumps on Wider-Than-Expected Loss – TheStreet
FuelCell Energy, the power-equipment maker, posts a fourth-quarter loss of 8 cents a share.
FuelCell Energy (FCEL) – Get Report fell Thursday after the fuel cell power equipment maker reported a wider-than-expected loss in the fourth quarter.
The company reported a loss of 8 cents a share, narrower than a year-earlier loss of 23 cents but wider than forecasts that called for a loss of 4 cents. Operating losses shrank to $17.1 million from $33 million.
Revenue soared 54% in the quarter to $17 million from $11 million and beat Wall Street estimates.
FuelCell shares traded at $16.39, down…
