On December 19, FuelCell Energy, Inc. (FCEL) is scheduled to release its financial results for the fourth quarter of its fiscal year. Wall Street expects the company to post a loss per share of $0.09 for the quarter. The company’s revenue is projected to decline by 34.8% year-over-year, reaching $25.56 million.
Looking back, in the third quarter of fiscal 2023, reported revenues saw a decline compared to the same prior year period. This was mainly due to lower product revenues from the absence of module sales, contrasting with robust sales of replacement modules to Korea Fuel Cell Co., Ltd. (KFC).
