FuelCell Energy posts wider-than-expected loss in Q3
Shares of FuelCell Energy, Inc. (Nasdaq:FCEL) are veering lower in pre-market trading after the manufacturer of ultra-clean power plants this morning reported a wider–than-expected net loss for its fiscal third quarter, as higher volumes of product sales and revenues resulted in increased operating losses.
The current quarter’s net loss was also wider than the year-ago period. While the company’s bottom-line suffered, FuelCell’s top line surged 106% in the quarter, as product sales tripled.
Shares skidded 15%, or $1.28, to $7.50 in pre-market trading. For detailed price information and news stories on FuelCell Energy, click FCEL.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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