Earnings Alert: FuelCell FCEL Misses Estimates, Stock Plunges

Shares in the penny stock of FuelCell Energy Inc. (Nasdaq: FCEL) dropped during the regular trading session and then plunged in after hours. FCEL reported earnings after the closing bell and missed analysts expectations sending the shares to $1.05 after trading as high as $1.33 during the regular session. FuelCell Energy, a leading manufacturer of ultra-clean, efficient and reliable fuel cell power plants, reported Net loss to common shareholders for the second quarter of 2012 of $0.06 per basic and diluted share while analysts were looking for a Net loss of $0.05.

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FuelCell Energy reported total revenues for the second quarter of 2012 of $24.2 million compared to $28.6 million in the same period last year. Analysts were looking for total revenues to be $33.54 million.

FuelCell Energy management will host a conference call with investors beginning at 10:00 a.m. Eastern Time on June 6, 2012 to discuss the second quarter results.  An accompanying slide presentation for the earnings call will be available here immediately prior to the call.

Participants can access the live call via webcast on the Company website or by telephone as follows:

  • The live webcast of this call will be available on the Company website at www.fuelcellenergy.com
    To listen to the call, select ‘Investors’ on the home page, then click on ‘events & presentations’ and
    then click on ‘Listen to the webcast’
  • Alternatively, participants in the U.S. or Canada can dial 877-303-7005
  • Outside the U.S. and Canada, please call 678-809-1045
  • The passcode is ‘FuelCell Energy

The webcast of the conference call will be available on the Company’s Investors’ page at www.fuelcellenergy.com. Alternatively, the replay of the conference call will be available approximately two hours after the conclusion of the call until midnight Eastern Time on June 12, 2012:

  • From the U.S. and Canada please dial 855-859-2056
  • Outside the U.S. or Canada please call 404-537-3406
  • Enter confirmation code 83702194

Bottom Line: This will surely send the penny stock of FuelCell Energy, FCEL, near its 52 week low of $0.80 which could create a buying frenzy of long investors of clean electric power generation.

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