Why FuelCell Energy Stock Is Popping 24% Today
Shares of FuelCell Energy (NASDAQ: FCEL) are on fire today, popping 34.2% as of 10:25 a.m. EDT on heavy volume after the company's third-quarter numbers beat analysts' estimates. The stock has cooled off a bit from its day's high point but was still up 23.7% as of 11:30 a.m. EDT on Tuesday, commanding a market capitalization of $2.2 billion.
Here are some key numbers from the earnings report for the quarter, all changes year over year:
Consensus estimates called for revenue of $20.7 million and a net loss of $0.05 per share, so it was a pretty big beat, especially on the top line. Today's sales and earnings beat is even more pronounced given that FuelCell Energy had missed estimates for several quarters in a row.
Source Fool.com
