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Why FuelCell Energy Stock Just Slid 17%

TheMotleyFool

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Shares of alternative energy pioneer FuelCell Energy (NASDAQ: FCEL) were in freefall Thursday morning, sliding by 17% through 11:45 a.m. EDT after it reported a sales beat -- but an earnings miss.

Analysts had predicted that the hydrogen fuel cell company would lose $0.06 per share on $16 million in sales for its fiscal 2020 third quarter, which ended July 31. As it turned out, FuelCell beat the revenue goal, reporting $18.7 million in sales, but its loss was $0.07 per share.

Image source: Getty Images.

Source Fool.com

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