FuelCell Beats Q3 Loss Estimates But Revenue Drops 41%
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FuelCell Energy reported a narrower Q3 loss than expected but revenue dropped 41% year-over-year.
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The company posted an adjusted loss per share of $0.07, beating estimates for a $0.08 loss.
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Revenue fell 41% to $43.2 million, missing estimates of $46.9 million.
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FuelCell said module sales declined from the year-ago period.
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The company reaffirmed its 2022 revenue guidance of $145 million to $175 million.