
FuelCell Energy Inc (NASDAQ:FCEL) is trading lower Thursday despite reporting fiscal 2022 first-quarter results that showed strong growth year-over-year.
FuelCell said first-quarter revenue increased 114% year-over-year to $31.8 million, which beat the $26.73 million estimate. The company reported a quarterly earnings loss of 4 cents per share, which beat the estimate for a loss of 5 cents per share.