NASDAQ$FCEL

FuelCell Energy Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a decrease in revenue due to deemphasizing product sales, offset by increased generation and advanced technologies contract revenues, and experienced a gross loss primarily due to noncash charges.

FuelCell Energy reported a decrease in revenue for the fourth quarter of 2019, driven by a strategic shift away from product sales. The company faced a gross loss due to noncash charges related to project operations and PPA termination. Operating expenses decreased, but administrative costs increased due to restructuring initiatives. The company is focusing on its project backlog to generate recurring cash flow.

  • Revenue decreased by 38% year-over-year to $11.0 million due to a focus on PPA opportunities.
  • Gross loss totaled $(23.4) million, compared to a gross profit of $1.1 million in the same quarter last year, impacted by noncash charges.
  • Operating expenses decreased by 26% to $9.6 million, while administrative and selling expenses increased due to restructuring costs.
  • Net loss per share attributable to common stockholders was $(0.23), compared to $(2.31) in the prior year.

Headline financials

Total Revenue

$11M

Previous: $17.9M-38.3%
EPS (adj)

-$3.60

Previous: -$68.40+94.7%
Net Income

-$0.80

Previous: -$14.1M+100.0%
Operating Income

-$33M

Previous: -$11.9M-178.0%
Gross Profit

-$23.4M

Previous: $1.14M-2147.2%
Cash & Equivalents

$9.4M

Previous: $39.3M-76.1%
Total Assets

$333M

Previous: $340M-2.0%
Stock-Based Comp

$479K

Previous: $929K-48.4%

Revenue & EPS history

FuelCell Energy · Revenue · Quarterly

$11M

Q4 2019-38.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

FuelCell Energy · $35.6M total across 4 segments · Q2 2026

  • Product
    $18M
  • Generation
    $8.68M
  • Advanced Technologies
    $4.72M
  • Service
    $4.18M

Forward guidance

FuelCell Energy is focused on executing its project commitments and positioning the Company to deliver positive earnings.

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 Q4 2019

Historical avgQ4 2019

-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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