Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why FuelCell Energy Stock Ran Out of Gas Today

TheMotleyFool

0 0

Shares of fuel cell manufacturer FuelCell Energy (NASDAQ: FCEL) tanked in early trading on the Nasdaq Tuesday, falling 8.4% through 10:30 a.m. EST after the company missed badly on its Q4 2022 earnings report.

Heading into earnings day, analysts had forecast that FuelCell would book $43.8 million in sales and lose only $0.07 per share on that revenue -- but FuelCell missed on both the top and bottom lines. Sales came in more than 11% below expectations at just $39.2 million, and losses on those sales amounted to $0.11 per share -- more than 50% worse than expected.

The news wasn't all bad.

Source Fool.com

Like: 0

FCEL

Share