FuelCell Energy reported lower-than-expected revenue for 1Q due to a decrease in licensing revenue as well as the temporary closure of fuel cell plants. Shares of the manufacturer of fuel cell technology platforms were down about 9% in the pre-market trading session today. FuelCell Energy’s (FCEL) revenue decreased by 9% year-over-year to $14.88 million, from $16.26 million in the comparable year-ago period, and lagged analysts’ estimates of $22.11 million. Its service and license revenue as well as generation revenue witnessed year-over-year declines of 12% and 10%, respectively.  The decrease in generation revenue was due to a temporary shutdown in Bridgeport fuel cell project plants for scheduled module exchanges.
https://www.tipranks.com/news/fuelcell-energy-misses-revenue-estimates-street-says-hold