Earnings Report - FuelCell Energy

LONDON, April 7, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings report on FuelCell Energy Inc. (NASDAQ: FCEL). On March 10, 2015, the company reported its financial results for Q1 FY15 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL to read our free earnings review on FuelCell Energy Inc. (FuelCell). During Q1 FY15, the company's total revenues were $41.67 million and gross profit was $4.01 million. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL

Earnings Overview 

During Q1 FY15, FuelCell's total revenues decreased by $2.76 million from $44.43 million in Q1 FY14. The company's total revenues fell short of Bloomberg analysts' forecast of $48.05 million for Q1 FY15. In the reported quarter, product sales were $33.42 million compared to $34.46 million in Q1 FY14. The company's service agreements and license revenues came in at $3.87 million for Q1 FY15 compared to $4.96 million in Q1 FY14. Moreover, FuelCell's advanced technologies contract revenues stood at $4.38 million in Q1 FY15 compared to $5.01 million in Q1 FY14. Free research on FCEL can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL

In Q1 FY15, FuelCell's gross profit increased by $1.82 million from $2.20 million in Q1 FY14. The company's gross margin improved to 9.6% in Q1 FY15 from 4.9% in Q1 FY14. The year-over-year margin improvement reflects cost reduction actions and sales mix. The company's net loss attributable to common shareholders narrowed down to $4.87 million, or $0.02 loss per diluted share, in Q1 FY15 from net loss attributable to common shareholders of $11.40 million, or $0.06 loss per diluted share, in Q1 FY14. Analysts from Bloomberg had expected FuelCell to report net loss attributable to common shareholders of $6.46 million, or $0.02 loss per diluted share, in Q1 FY15.

President and CEO of FuelCell, Chip Bottone, stated that the gross margin nearly doubled this quarter compared to the prior year period on lower revenue, as the company aligns the operating model of the business with market opportunities, including cost reductions, production efficiency improvements, and enhancing the profitability profile of the Services and Advanced Technology groups. He asserted that the company remains focused on top-line revenue growth with projects progressing in its utility and on-site markets, as well as measurable progress being made with commercializing both its carbon capture and distributed hydrogen solutions.

For Q1 FY15, FuelCell's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled ($4.08) million compared with adjusted EBITDA of ($6.29) million in Q1 FY14. Net cash used by operating activities in Q1 FY15 was $2.3 million. Moreover, capital spending and depreciation expenses were $1.6 million and $0.96 million, respectively, in Q1 FY15. Sign up and read the free analyst's notes on FCEL at:

http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL

As of January 31, 2015, FuelCell's liquidity totaled $155.0 million, which included $111.9 million in cash and restricted cash, $3.1 million of borrowing availability under the JPMorgan revolver, and $40.0 million of borrowing availability under the NRG Energy revolving financing facility.

Stock Performance 

On the day following the earnings release, March 11, 2015, FuelCell's stock gained 2.34% to end the session at $1.31. Since then, the company's stock has witnessed a mixed momentum. On Monday, April 06, 2015, the company's shares finished at $1.33, 4.72% below its previous day's closing price of $1.27, after vacillating between $1.27 and $1.35. A total of 4.04 million shares were traded which was above their three months average volume of 3.86 million. The stock has gained 6.40% in the previous three trading sessions. However, over the last one month and over the past three months, the company's shares have lost 5.67% and 8.28%, respectively. Further, shares in FuelCell closed above their 50-day moving average of $1.27. Furthermore, the stock has a Relative Strength Index (RSI) of 49.45. Visit Investor-Edge and access the latest research on FCEL at:

http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 5 insider transactions made by 5 individuals. On April 02, 2015, a total of 213,631 shares of the company were bought at an average price of $1.27 per share and for a total value of $271,311. The following are some of the transactions during the aforementioned period: John A. Rolls, Chairman of the Board at FuelCell, purchased 92,483 shares at an average price of $1.27; Richard A. Bromley, James H. England, William A. Lawson, and Togo Dennis West, Jr., Directors at FuelCell, bought 30,287 shares each at an average price of $1.27 per share. Complimentary in-depth research on FCEL is available at:

http://get.Investor-Edge.com/pdf/?c=FuelCell%20Energy&d=07-Apr-2015&s=FCEL

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge