It’s no fun being a FuelCell (FCEL) shareholder right now. Since peaking at $29.44 in early February, shares have retreated by 67%. Looking ahead, B. Riley analyst Christopher Souther believes any catalysts to alter the stock’s trajectory are still in the distance. In F2Q21, FuelCell generated revenue of $14 million, reflecting a 25.9% year-over-year decline and missing the estimates by $4.91 million. The soft top-line figure was due to the company not generating any module exchanges in the quarter. The company disappointed on the bottom-line too, as GAAP EPS of -$0.06 also came in $0.01 below the estimates.
https://www.tipranks.com/news/article/fuelcell-catalysts-still-a-while-away
FuelCell Energy (NASDAQ:FCEL)
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