FuelCell Energy (FCEL) has reported better-than-expected results for the third quarter of Fiscal Year 2021 on the back of robust top-line growth. The company engages in the provision of fuel cell power plant production and research. Q3 revenues climbed 43% year-over-year to $26.8 million and surpassed analysts’ expectations of $20.7 million. The upside can be attributed to an increase in service agreements and license revenues due to more module exchanges during the quarter. Meanwhile, the company's net loss of $0.04 per share also came lower than the Street’s estimated loss of $0.05. The figure compares favorably with the loss of $0.07 in the same quarter last year.
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FuelCell Energy (NASDAQ:FCEL)
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