FuelCell Energy (Nasdaq: FCEL) Earnings: Revenue Dips By Double-Digits and Misses Estimate

Orlando, FL 6/6/12 (StreetBeat) -- FuelCell Energy Inc. ‘s (NASDAQ:FCEL) second quarter loss narrowed, beating estimates. Fuelcell Energy is engaged in the development and production of stationary fuel cells for commercial, industrial, government and utility customers.

FuelCell Energy Inc. Earnings Cheat Sheet

Results: Loss narrowed to $8.3 million (loss of 6 cents per diluted share) from $20 million (loss of 24 cents per share) in the same quarter a year earlier.

Revenue: Fell 15.4% to $24.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FuelCell Energy Inc. beat the mean analyst estimate of a loss of 7 cents per share. It fell short of the average revenue estimate of $32.9 million.

Quoting Management: “Cost reduction efforts and streamlining certain aspects of our business over the past year allowed us to break-even at the gross profit level this quarter despite lower revenue year-over-year, with a gross margin improvement of $2.3 million on an adjusted basis,” said Chip Bottone, President and CEO, FuelCell Energy, Inc.

“Continued execution of our strategic initiatives will provide expanding order growth from the growing demand in Asia, market development actions in Europe, as well as resurgence of our US domestic market.”

Key Stats:

A year-over-year revenue decrease last quarter snaps a streak of four consecutive quarters of revenue increases. The best quarter in that span was the fourth quarter of the last fiscal year, which saw revenue rise 76.2%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 2 cents in the first quarter, by one cent in the fourth quarter of the last fiscal year, and by 2 cents in the third quarter of the last fiscal year.

Looking Forward: Expectations for the company’s next-quarter performance are higher than they were ninety days ago. The average estimate for the third quarter is now at a loss of 6 cents per share, up from a loss of 7 cents. For the fiscal year, the average estimate has moved from a loss of 36 cents a share to a loss of 33 cents over the last ninety days.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

Is FuelCell (Nasdaq: FCEL) Energy On The Verge Of Profitability?

Atlanta,GA 5/30/12 (StreetBeat) -- Shares of FuelCell Energy (Nasdaq:FCEL) were on the move to open the new - albeit shortened - trading week, spiking by eight percent on Tuesday after the company received some positive coverage by a couple of popular financial media outlets which are predicting that profitability may be a possibility for the company over the short term.

Concerns of profitability have weighed down the FCEL share price each time the stock has ran on encouraging news. Earlier this year news of alarge cash infusion from a South Korean partner allowed FCEL to run towards the two dollar mark, but the push faded and shares subsequently dropped to well below the price of a recent stock offering.

It is precisely the relationship with Fuel Cell's Korean partner that has sparked positive coverage from both Forbes and Bloomberg over the past weeks. Forbes argued that the relationship has allowed FuelCell to solidify its pipeline and production expectations with enough volume where the company could achieve profitability at a manufacturing volume of 80 megawatts annually, approximately 30% higher than the current levels.

Bloomberg also piped in, citing the low prices of natural gas as a key factor in FuelCell's near term ability to reach profitability.

These predictions may be well within reach, as progress and the expansion of existing agreements materializes in both Asia and Europe. Earlier this month FuelCell announced the acquisition of key assets by its German subsidiary and a European joint venture that will improve the company's ability to leverage its technology to fuel growth on the European continent.

Additionally, an existing order in Korea will be accelerated in order to meet growing demand in the region.

Those news items were followed-up with a release by FuelCell this week announcing that existing customers have extended their service agreements in flock, helping to solidify the company's mid to long term revenue stream.

Like Capstone Turbine (Nasdaq:CPST), another company looking to take advantage of the global shift towards 'cleaner' energy production, FuelCell is primed to find itself in the middle of a potentially very lucrative trend.

Short interest had increased from the April to May period, but continued positive developments and coverage by high-profile media outlets could spark a modest round of short covering and may ultimately lead to a quick return to previously-traded levels - levels that might hold, given the reinvigorated and encouraging outlooks of prosperity for the company.

One to keep an eye on for those that might be looking for a clean energy pick or two. Also look for encouraging trends during the company's earnings call, slated for June 6th.

StreetBeat Disclaimer

Distributed by Viestly

FuelCell (Nasdaq: FCEL) Surges After Korea’s Posco Boosts Stake: Boston Mover

Chicago, IL 3/12/12 (StreetBeat) -- FuelCell Energy Inc., (Nasdaq: FCEL) a U.S. maker of fuel-cell power plants, jumped the most in more than two weeks after the world’s third-largest steelmaker agreed to increase its stake in the company.

FuelCell climbed 8.7 percent to $1.63 a share at 9:44 a.m. in New York. Earlier it increased 11 percent, the most intraday since Feb. 22. The shares had gained 72 percent this year through March 9.

South Korea’s Posco (005490) will pay $30 million for 20 million shares of FuelCell and agreed to buy 120 megawatts of power plants from the Danbury, Connecticut-based company, FuelCell said today in a statement. Posco currently own 10.8 million shares, making it FuelCell’s largest holder.

For the quarter ending Jan. 31, FuelCell today reported a loss of $6.7 million, or 5 cents a share, down from a loss of $11.7 million, or 10 cents, a year earlier.

FuelCell’s systems produce electricity from natural gas or biogas, methane produced through wastewater treatment, food processing and other renewable sources.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

Apple (Nasdaq: AAPL) has huge solar plans at N.C. data center

Orlando, FL 2/21/12 (StreetBeat) -- Apple Inc. (Nasdaq: AAPL) said on Monday that it plans to power its massive data center in North Carolina with equally massive solar and fuel-cell installations.

The company said the solar array, expected to cover much of 100 acres, will be the biggest end-user-owned installation in the country. Its capacity is estimated at 20 megawatts, supplying 42 million kilowatt-hours of solar power annually.

The fuel-cell installation is estimated at 5 megawatts and will be fueled by biogas. Two likely suppliers of the fuel cells are Bloom Energy or FuelCell Energy (Nasdaq: FCEL).

Apple has already spent an estimated $1 billion to build the 500,000-square-foot data center in Maiden, N.C., which plays a major role in its iCloud storage and sync service and its Siri voice-activated personal assistant.

The fact that the company planned to build a large solar farm next to the data center has been known since last year but the exact size hadn't been revealed until Apple issued an environmental report on Monday, along with a facilities report.

StreetBeat Disclaimer

Distributed by Viestly

FuelCell Energy, Inc. (NasdaqGM: FCEL) On the Upswing as Clean Tech Stocks Rally

Orlando, FL 2/9/12 (StreetBeat) -- Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for, FuelCell Energy, Inc. (NasdaqGM :FCEL).

The last news from the Company in January reported it reached a significant milestone with one billion kilowatt hours (kWh) of ultra-clean and renewable electricity produced by Direct FuelCell(R) (DFC) (R) power plants since 2003. One billion kWh of electricity can power more than 90,000 average size U.S. homes for one year. With more than 80 DFC plants producing environmentally friendly power and usable high quality heat at more than 50 locations globally, DFC plants are eliminating the emission of a significant level of pollutants and substantially reducing carbon emissions compared to the average U.S. fossil-fuel power plant.

About FuelCell Energy
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With over 180 megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world. The Company's power plants have generated over one billion kWh of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. For more information please visit our website at www.fuelcellenergy.com


Research more fuel cell stocks on global stock exchanges –and up to 1300 renewable energy stocks at Investorideas.com http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

About Investorideas.com – a leader in cleantech investor research
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com on Google Plus

Follow Renewable Energy Stocks on Facebook.com
http://www.facebook.com/renewableenergystocks

Get Free investor news and stock alerts
Sign Up: http://www.investorideas.com/Resources/Newsletter.asp

Join Investor Ideas Get 24/7 Login to 13 of the best stock directories online;
Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks, tech and more. Join: http://www.investorideas.com/membership/

Disclaimer/ Disclosure: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and its management and is not the opinion of Investorideas.com. Learn more: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

For more information about Investorideas.com
contact:
800.665.0411

StreetBeat Disclaimer

Distributed by Viestly

FuelCell Energy Enters Into Partnership Agreement With Abengoa to Develop Localized Fuel Cell Power Plants for Europe and Latin America

Tallahassee, FL 12/12/11 (StreetBeat) -- FuelCell Energy, Inc. (Nasdaq:FCEL) a leading manufacturer of ultra-clean, efficient and reliable power plants, today announced a partnership agreement with Abengoa S.A. to develop localized stationary fuel cell power plants for markets in Europe and Latin America. Abengoa will develop, manufacture and market stationary fuel cell power plants using fuel cell modules provided by FuelCell Energy. The initial pilot installation will be at the Abengoa headquarters in Palmas Campus Palmas Altas, Spain using a 300 kilowatt proprietary Direct FuelCell(R) (DFC(R)) module supplied by FuelCell Energy and balance of plant designed and manufactured by Abengoa. Renewable biogas markets will be targeted and the parties will cooperate to enhance the capability and market opportunities for DFC power plants operating on liquid biofuels.

"FuelCell Energy has developed leading edge carbonate fuel cell technology that is unsurpassed for meeting utility-scale power needs for ultra-clean baseload distributed generation" said Javier Brey, General Manager of Abengoa Hidrogeno. "The fit is natural between our organizations and we look forward to growing the market for ultra-clean and efficient distributed generation fuel cell power plants in Spain as well as in Europe and Latin America, where we already have a presence. We will develop and manufacture in Spain stationary carbonate fuel cell plants by starting from FCE technology, and it will increase also the value of our partnership. In the short term, we plan to develop technology together."

The partners will target markets in Europe and Latin America for megawatt-class DFC power plants, focusing on municipalities, large industrial power users and facilities that generate renewable biogas. These markets value high efficiency, distributed generation and the ability to generate virtually emission-free clean power from renewable fuels, all attributes of DFC power plants. DFC power plants are fuel flexible, capable of operating on clean natural gas or renewable biogas.

Under the partnership, Abengoa will use its experience with biofuels to develop a fuel processing system that will support the use of liquid biofuels as a fuel source for DFC power plants. Ultra-clean, efficient and reliable fuel cell power plants that can operate on liquid biofuels are attractive in Latin American markets such as Brazil where sugar cane is widely used as a feedstock to create ethanol.

"Abengoa has experience developing fuel cell systems with value added capabilities" said Chip Bottone, President and Chief Executive Officer for FuelCell Energy, Inc. "When combined with their European and Latin American business and marketing reach through the Abengoa organization, we see excellent prospects for market expansion in Europe as well as developing the Latin American market for ultra-clean baseload distributed generation fuel cell power plants."

Fuel cells generate power through an electrochemical reaction that does not require combustion. Due to this lack of combustion, fuel cells emit virtually no pollutants, resulting in the generation of ultra-clean electricity. Fuel cells can achieve up to 90 percent efficiency when configured to use the high quality heat generated by the power plant in a combined heat & power (CHP) mode. High efficiency reduces fuel costs and carbon emissions and producing both electricity and heat from the same unit of fuel drives economics while simultaneously promoting sustainability. Biogas producers require heat in their processes so the ability for DFC plants to use biogas as a fuel and produce both ultra-clean power and usable heat helps convert a waste disposal challenge into an economical and environmentally friendly power generation solution.

The world-class Direct FuelCell technology of FuelCell Energy will be combined with the extensive customer network and service expertise of Abengoa to sell DFC fuel cells in the target geographies. FuelCell Energy will export fuel cell modules manufactured at the Company's production facility in the USA and Abengoa will supply Spanish designed and built balance of plant to complete the fuel cell power plant. Completion of a distribution agreement is expected to follow this announcement within the next six months.

Abengoa (MCE:ABG.MC) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste.

StreetBeat Disclaimer

Distributed by Viestly

FuelCell Energy (NASDAQ:FCEL) Jumps +20% on Power Plant News

Shares of FuelCell Energy (NASDAQ:FCEL) jumped more than 20 percent today on heavy volume after announcing news about a new power plant it will install. In late trading, FuelCell Energy was up 27 cents at $1.54 per share on volume of more than 4.1 million shares compared to its average daily volume of just over 1.1 million shares. FuelCell Energy has a market cap of $174 million and a 52-week range between $0.98 and $4.02 per share.

FuelCell Energy announced the sale of a 2.8 megawatt (MW) DFC3000 power plant to be installed at a wastewater treatment plant operated by Inland Empire Utilities Agency (IEUA), a municipal water district based in Chino, California. Renewable biogas created by the wastewater treatment process will be the primary fuel source for the generation of ultra-clean electricity. UTS Bioenergy LLC will purchase the DFC3000 and sell the power generated to IEUA under a 20 year power purchase agreement. FuelCell Energy will service the power plant under a long term service agreement and the unit is expected to be operational in early 2012.

"Installation of this fuel cell operating on renewable biogas is an important component of our renewable energy generation strategy," said Terry Catlin, Board President, Inland Empire Utilities Agency. "The clean electrical generation process and the reliable 24/7 operating nature of the fuel cell will help us attain the objectives of our strategic energy plan and position us to meet ever more stringent clean air emission requirements."

This distributed generation fuel cell helps the IEUA reach its goal of generating all of their power needs on-site in a renewable manner and reducing reliance on the electric grid.

Fuel cells use an electrochemical process to efficiently generate clean electricity, without combustion. The primary byproducts of this process are high-quality heat and water. The lack of combustion eliminates almost all pollutants such as NOx, SOx or particulate matter. The fuel cell power plant will replace existing internal-combustion engines so the clean power generation will help IEUA meet the stringent emission regulations issued by the South Coast Air Quality Management District (SCAQMD), the local air pollution control agency. This reduction in pollutants is equivalent to removing at least 353 cars from the road.

"Fuel cells represent an economically and environmentally compelling solution for converting renewable waste streams into clean electricity," said Arun Sharma, Vice President Business Development, UTS BioEnergy LLC. "We believe fuel cells are a critical component of improving the reliability and efficiency of power supplies and expect to replicate this fuel cell business model with other power users that have baseload 24/7 energy requirements."

"Clean, efficient and dependable fuel cell power generation offers our clients a cost effective path to address their strategic energy goals and environmental stewardship simultaneously," said Chip Bottone, Senior Vice President and Chief Commercial Officer, FuelCell Energy.

For more information please visit our website at www.fuelcellenergy.com