Investopedia: FuelCell Energy - Is The Corner In Sight?

Fuel cells are frequent fliers in the green energy discussion. Generally, about once every decade investors and columnists get fired up about the seemingly unlimited appeal of fuel cells and jump on the bandwagon - only to see that wagon careen off the road and into a tree. With a very different mousetrap and its first ever quarterly gross profit, though, maybe FuelCell Energy (Nasdaq:FCEL) can finally redeem decades of unrewarded optimism. By no means has FuelCell turned a corner, but maybe now the corner is actually in view. 


Strong Third Quarter Results
FuelCell jolted its investor base with a surprisingly strong third quarter financial report. Revenue jumped 65% as product sales jumped 81%. As part of the higher sales base, the company's productivity rose above 50 megawatts on an annual run-rate basis.

FuelCell also reached a significant milestone that has been long in coming for this industry - the company's first-ever quarterly gross profit. FuelCell is still losing money (an operating loss in excess of $7 million), but the red ink is fading a bit and the company has eased its cash outflow to under $6 million for the past quarter.



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