FuelCell Energy Inc (FCEL) Progressing Towards EBITDA Break-Even

FuelCell Energy Inc (FCEL) Progressing Towards EBITDA Break-Even

FuelCell Energy Inc (NASDAQ:FCEL) posted lower than expected financial second quarter 2014 results today that shook investors’ confidence. Earnings per share came softer than expected at ($0.03). Revenue of $38.3 million were also lower than the expectations owing to a lower average selling price and lower margin fuel cell kit and module sales in the quarter, says a June 4th research report from Stifel. The report was authored by analyst Sven Eenmaa.

Eenmaa, however, remains sanguine on the company, saying that given FuelCell Energy Inc (NASDAQ:FCEL)’s “backlog levels and already achieved scale, we see the company continuing to progress toward EBITDA break-even by mid-FY15 at the latest.”

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investor 1652197064It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More

Revenue guidance achievable

Management guided revenue for between $50-$60 million for the second half of fiscal 2014, which almost coincides with the analyst expectations of $53 million for the third quarter of 2014, and $61 million for last quarter of the fiscal year, along with a double-digit margin on the back of an improving mix.

Management seems poised to achieve the targeted