NASDAQ$FCEL

FuelCell Energy Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and a decreased operating loss compared to the previous year.

FuelCell Energy reported a 54% increase in fourth-quarter revenue, driven by growth in Service and License revenues, as well as Advanced Technologies contract revenues. The company made progress on project backlog and improved its balance sheet through strategic capital raises.

  • Revenue increased by 54% to $17.0 million due to growth in service and license, and advanced technologies.
  • Loss from operations improved to $(17.1) million compared to $(33.0) million.
  • Net loss decreased to $(18.9) million from $(35.2) million.
  • The company is focused on operational and commercial excellence, prudent capital deployment, and cost reduction.

Headline financials

Total Revenue

$17M

Previous: $11M+54.0%
EPS (adj)

-$2.40

Previous: -$3.60+33.3%
Net Income

-$18.9M

Previous: -$0.80-2356999900.0%
Operating Income

-$17.1M

Previous: -$33M+48.1%
Gross Profit

-$8.05M

Previous: -$23.4M+65.6%
Cash & Equivalents

$150M

Previous: $9.4M+1494.3%
Total Assets

$524M

Previous: $333M+57.0%
Stock-Based Comp

$607K

Previous: $479K+26.7%

Revenue & EPS history

FuelCell Energy · Revenue · Quarterly

$17M

Q4 2020+54%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

FuelCell Energy · $17M total across 3 segments · Q4 2020

  • Advanced Technologies
    $6.42M
  • Service
    $5.44M
  • Generation
    $5.15M

Forward guidance

FuelCell Energy is focused on commercially advancing new applications of its technology, including working toward delivery of its first demonstration solid oxide electrolysis platform, while continuing to execute on its backlog of projects and delivering its traditional distributed generation solutions.

Tailwinds

  • Advancing new applications of technology.
  • Delivery of first demonstration solid oxide electrolysis platform.
  • Continuing to execute on backlog of projects.
  • Delivering traditional distributed generation solutions.
  • Focus on distributed generation, distributed hydrogen, long-duration hydrogen energy storage and power generation as well as electrolysis, and carbon capture, sequestration and utilization (CCSU).

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 2020

Historical avgQ4 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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