FuelCell Energy Reports Strong Q2 Revenue Growth, Targets Profitability in 2022
FuelCell Energy (NASDAQ: FCEL) reported $18.9 million in sales in the recently ended second quarter, 21% higher than Wall Street's expectation of $15.6 million. Investors didn't find an equally pleasing surprise when turning to the bottom line, however, as the company simply met analysts' estimates and reported a loss per share of $0.07.
In addition to reporting on the recently completed quarter, FuelCell Energy also talked about the future, trying to inspire hope that it would achieve profitability -- or some semblance of it -- in 2022 when it targets the reporting of positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). On the surface, there seemed to be a lot of positive notes in FuelCell Energy's Q2 2020 report. But what details lie beneath?
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Source Fool.com