FuelCell shares Popped 30% in morning trading

Tiger Newspress2021-09-14

FuelCell shares Popped 30% in morning trading on topping results forecasts.

FuelCell reported a rare narrower-than-expected fiscal third-quarter net loss, helped by higher gross margin, and revenue that rose above forecasts. The net loss narrowed to $12.8 million, or 4 cents a share, from $16.1 million, or 7 cents a share, in the same period a year ago. That beat the FactSet consensus for per-share losses of 5 cents, to snap a seven-quarter streak of wider-than-expected losses. Revenue rose 43.2% to $26.8 million from $18.7 million, above the FactSet consensus of $21.1 million, boosted by a $7.2 million increase in service agreements and license revenue. Gross margin improved to positive 4.1% from negative 16.7%. The stock has tumbled 49.7% year to date through Monday, while the S&P 500 has gained 19.0%.

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Comments

  • 2021koon
    2021-09-15
    2021koon
    Maybe rotational play
  • moliya
    2021-09-15
    moliya
    What reason this stock raise 30% all of audden?What could be the reason?
  • whalesun
    2021-09-14
    whalesun
    Ok
  • CIG
    2021-09-14
    CIG
    I bought at 9+, may wait and see whether it can recover.
    • moliyaReplyCIG
      thanks
    • CIG
      I hope so, but who knows? I may set stop loss if it looks tire to move up.
    • moliya
      Sorry to ask this question!. will it come back t o 9+++
  • Alfred1007
    2021-09-14
    Alfred1007
    Wow...amazing uptrend
  • happydylan
    2021-09-14
    happydylan
    Oh
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