FuelCell (FCEL) will report earnings in the fourth quarter: What’s to come?

FuelCell Energy Inc. FCEL is scheduled to release results for the fourth fiscal 2020 quarter on January 21. In the last quarter reported, the company delivered a surprise of negative gains of 16.7%.

Let’s see how things turned out for this alternative energy company before the results are announced.

Factors to note

During the fourth quarter, FuelCell Energy received a contract from the U.S. Department of Energy to design and manufacture a SureSource electrolysis platform capable of producing hydrogen. This project will be the first multi-stack electrolysis system produced with FuelCell solid oxide technology.

During the quarter, the company issued notes and used part of the proceeds to pay outstanding debts and balances the proceeds for further development and commercialization of the solid oxide platform.

Fourth quarter expectations

Zacks’ consensus estimate for the top and bottom lines is estimated at $ 15.92 million and a loss of 7 cents per share, respectively.

Whispers of earnings

Our proven model does not conclusively predict a hit for FuelCell this time around. The combination of a positive winning ESP and a Zacks # 1 (strong buy), 2 (buy) or 3 (wait) rating increases the chances of a profit hit. However, it does not have the necessary combination, as detailed below. You can see the complete list of today’s Zacks # 1 Rank shares here.

FuelCell Energy, Inc. price and EPS surprise

FuelCell Energy, Inc. surprise price-eps | FuelCell Energy, Inc. stock quote

ESP earnings: The company’s ESP profit is 0.00%. You can find out the best stocks to buy or sell before they are reported with our ESP earnings filter.

Zacks Classification: FuelCell currently has a Zacks Rank # 3.

Favorable combination actions

Here are some stocks from the same industry that have the right mix of elements to post a profit hit on upcoming releases:

Bloom Energy Corporation BE is set to release its fourth quarter 2020 results on February 10. He has an ESP gain of + 150.00% and a Zacks Rank # 3.

TC Energy Corporation The TRP is likely to be beaten when it reports its fourth quarter results. He has an ESP gain of + 2.90% and a Zacks Rank # 3.

Ameresco Inc. The AMRC is likely to exceed profit estimates when reporting results for the fourth quarter of 2020. It has an ESP gain of + 5.08% and a Zacks Rank # 2.

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