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StockNews.com
StockNews.com
Business
Anushka Dutta

Is FuelCell a Hydrogen Stock Worth Buying?

FCEL FuelCell Hydrogen FactSet FuelCell Energy Inc

FuelCell Energy, Inc. (FCEL) engages in the design, manufacture, installation, sale, and servicing of stationary fuel cell power plants for distributed baseload power generation. The company serves markets including utilities, independent power producers, industrial and process applications, healthcare, and commercial markets.

Shares of FCEL plummeted in its last trading session after the company reported wider than expected losses in its second-quarter results. The company’s revenue grew 17.4% year-over-year to $16.38 million. However, the top line missed the FactSet consensus of $32.58 million. Net loss increased to 8 cents per share, which was wider than the FactSet consensus of 5 cents per share.

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