NASDAQ$FCEL

FuelCell Energy Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter fiscal 2020 results, showing revenue increase driven by growth in Generation, Service and Advanced Technology, and improved gross margin and reduced operating expenses.

FuelCell Energy reported a 105% increase in revenue to $18.9 million for the second quarter of fiscal year 2020. The company's net loss decreased to $14.8 million, and gross profit was $0.2 million compared to a gross loss of $(3.6) million in the same period last year.

  • Revenues increased by 105% to $18.9 million.
  • Loss from operations improved to $(8.1) million.
  • Net loss decreased to $(14.8) million.
  • Gross profit of $0.2 million (0.9% gross margin) was achieved, compared to a gross loss of $(3.6) million.

Headline financials

Total Revenue

$18.9M

Previous: $9.22M+104.9%
EPS (adj)

-$2.10

Previous: -$61.80+96.6%
Total backlog

$1.34B

Previous: $1.26B+6.4%
Net Income

-$14.8M

Previous: -$19.5M+24.4%
Operating Income

-$8.14M

Previous: -$17.6M+53.8%
Gross Profit

$167K

Previous: -$3.64M+104.6%
Cash & Equivalents

$29.1M

Previous: $14.9M+95.4%
Total Assets

$395M

Previous: $341M+15.7%
Stock-Based Comp

$375K

Previous: $958K-60.9%

Revenue & EPS history

FuelCell Energy · Revenue · Quarterly

$18.9M

Q2 2020+104.9%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

FuelCell Energy · $18.9M total across 3 segments · Q2 2020

  • Advanced Technologies
    $7.28M+46.0%
  • Service
    $6.97M+168.4%
  • Generation
    $4.63M+183.6%

Forward guidance

The company is focused on initiatives intended to Transform, Strengthen and Grow our company over the next three years.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-2.8%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-5.7%

Avg return

30 days after

30%

20 / 67 earnings

Positive

+29.6%

Q1 2020

Best reaction

-38.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-10.4%-2.1%
Q1 2026-2.9%-12.8%-15.7%
Q4 2025+22.5%+11.3%+1.8%
Q3 2025+23.3%+62.8%+134.1%
Q2 2025+0.0%+0.8%-12.9%
Q1 2025+3.6%-2.4%-38.4%
Q4 2024+6.1%+5.7%-2.3%
Q3 2024+6.4%+4.9%-14.6%
Q2 2024+6.1%-5.7%-31.0%
Q1 2024-7.4%-13.1%-7.4%
Q4 2023-5.2%+7.8%-25.5%
Q3 2023-6.3%-13.9%-4.9%
Q2 2023-2.1%+17.2%-12.6%
Q1 2023-6.1%-5.2%-27.6%
Q4 2022-17.2%-18.1%-4.0%
Q3 2022+6.3%+3.3%-22.1%
Q2 2022-7.6%-18.4%+6.1%
Q1 2022+6.2%-7.1%-14.7%
Q4 2021-9.2%-1.5%-37.3%
Q3 2021+9.3%+16.5%+28.5%
Q2 2021-6.1%-18.3%-28.6%
Q1 2021-7.8%-12.1%-43.3%
Q4 2020+8.2%+29.1%+20.6%
Q3 2020-17.5%-8.0%-0.4%
Q2 2020-0.4%-7.5%+20.4%
Q1 2020+29.6%+6.1%+33.9%
Q4 2019-38.9%-46.5%-12.5%
Q3 2019+6.0%+0.0%-22.5%
Q2 2019-13.5%-44.4%-16.7%
Q1 2019-12.7%-16.7%-35.4%
Q4 2018-6.8%+0.0%-19.6%
Q3 2018-6.7%-11.7%-13.3%
Q2 2018-8.9%-4.7%-27.1%
Q1 2018+6.4%+5.3%+5.3%
Q4 2017+7.0%+5.4%-10.8%
Q3 2017-0.7%+0.0%+50.7%
Q2 2017+1.9%+5.6%+15.7%
Q1 2017-6.7%-10.0%+6.7%
Q4 2016-2.6%-7.7%-23.1%
Q3 2016-0.2%-3.4%-1.7%
Q2 2016-19.7%-29.0%-24.8%
Q1 2016-3.1%
Q4 2015-14.5%
Q3 2015+6.3%
Q2 2015-5.7%
Q1 2015+0.8%
Q4 2014-1.9%
Q3 2014-6.9%
Q2 2014-9.1%
Q1 2014-7.1%
Q4 2013-20.8%
Q3 2013+10.6%
Q2 2013-0.7%
Q1 2013-5.8%
Q4 2012-4.8%
Q3 2012-11.3%
Q2 2012-15.9%
Q1 2012+4.1%
Q4 2011-1.8%
Q3 2011-4.9%
Q4 2010-4.9%
Q4 2009-4.9%
Q2 2011-5.4%
Q1 2011+6.7%
Q3 2010+0.0%
Q2 2010-9.2%
Q1 2010-5.2%

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