NASDAQ$FCEL

FuelCell Energy Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

FuelCell Energy's third quarter results were announced, with increased revenue and improved gross profit compared to the prior year.

FuelCell Energy reported a 43% increase in revenue for the third quarter of fiscal year 2021, driven by higher service agreements and license revenues. The company's gross profit improved significantly, and they continue to execute their project backlog and advance their strategic agenda.

  • Revenues increased to $26.8 million compared to $18.7 million year over year.
  • Gross profit was $1.1 million, a significant improvement from the gross loss of $(3.1) million in the prior year.
  • Loss from operations slightly decreased to $(10.6) million from $(10.8) million year over year.
  • Unrestricted cash and cash equivalents totaled $468.6 million as of July 31, 2021.

Headline financials

Total Revenue

$26.8M

Previous: $18.7M+43.2%
EPS (adj)

-$1.20

Previous: -$2.10+42.9%
Total backlog

$1.3B

Previous: $1.33B-2.4%
Net Income

-$12M

Previous: -$15.3M+21.7%
Operating Income

-$10.6M

Previous: -$10.8M+1.6%
Gross Profit

$1.1M

Previous: -$3.13M+135.2%
Cash & Equivalents

$469M

Previous: $66.3M+606.7%
Total Assets

$880M

Previous: $437M+101.4%
Stock-Based Comp

$903K

Previous: $398K+126.9%

Revenue & EPS history

FuelCell Energy · Revenue · Quarterly

$26.8M

Q3 2021+43.2%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

FuelCell Energy · $26.8M total across 3 segments · Q3 2021

  • Service
    $14.3M+1334.4%
  • Advanced Technologies
    $6.25M-24.7%
  • Generation
    $6.23M-33.7%

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 Q3 2021

Historical avgQ3 2021

-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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