Earnings Preview: What To Expect From Fuelcell Energy On Thursday

Fuelcell Energy Inc. FCEL is scheduled to report earnings before Thursday’s open. The stock hit a record high of $7,830.72/share in 2000 and is currently trading near $15/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

Fuelcell is expected to report a loss of ($0.07)/share on $15.92 million in revenue. Meanwhile, the so-called Whisper number is a loss of ($0.03/share). The Whisper number is the Street’s unofficial view on earnings.

A Closer Look At The Fundamentals:

Fundamentally, the company is focused on developing hydrogen energy which has a huge potential in the future. FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company primarily operates in the United States, South Korea, England, and Germany. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.


A Closer Look At The Technicals:

Technically, the stock broke out of a huge based on monstrous volume in November 2020. The stock was quiet for a very long time and then “woke up” back in Q4 2020 when we saw a tremendous amount of money flow into the stock. In the last few months, the stock soared nearly 10 fold and in the short-term is overdue to pullback.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

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