This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

FuelCell Earnings Steal Glow From Hydrogen Industry: StockTwits

NEW YORK (TheStreet) -- Hydrogen fuel-cell companies lost some of their glow Wednesday.

Shares of FuelCell Energy  (FCEL) Ballard Power Systems  (BLDP) and Plug Power  (PLUG) fell after FuelCell reported results that made some investors doubt whether the industry will really be profitable this year.

$FCEL the ER should have come with prozak to counteract the feelings of depression ? tadakauko (@tadaka) Jun. 4 at 02:02 PM

FuelCell reported an adjusted net earnings-per-share loss of 4 cents on $38.3 million in revenue. EPS came in line with consensus estimates, according to stats on the Analyst Ratings Network. But sales missed the consensus call for $44.73 million in revenues. Total revenues declined $4 million from the same period a year ago.

Some bearish investors on StockTwits.com pointed to FuelCell's declining sales as evidence that the hydrogen fuel-cell growth story is a myth. They said that the industry received a bit of a bump from U.S. government energy programs, which encouraged companies to get a certain amount of their power from alternative sources. But now that lift is over.

$FCEL - How This Growth Story Just Isn't... At All... http://stks.co/i0gLC ? Ophir Gottlieb (@OphirGottlieb) Jun. 4 at 11:43 AM

FuelCell fell 7.2% by 2:30 p.m., to $2.20 a share. Ballard Power dropped more than 6%, to $3.70 a share. Plug traded near flat after falling earlier in the day; the stock was at $4.36, down 1.3%

Sentiment on the sector, however, remained largely bullish. About 83% of StockTwits' users called for FuelCell to gain, according to site analytics.

$FCEL -7% as for $PLUG the day after earning report release. No worries. Projects are great. Future seems bright for fuell cell applications ? Fd (@frade) Jun. 4 at 12:50 PM

Some investors even saw bullish signs in FuelCell's earnings. They pointed to an order backlog as evidence that growth could improve in the future.

$FCEL earnings were shot but the company did see a rise in order backlog ? Bidness Etc (@BidnessEtc) Jun. 4 at 11:08 AM

FuelCell predicted that the company will be break-even, as measured by EBITDA, by the end of the year. The company is targeting quarterly revenues for the second half of 2014 in the $50 to $60 million range, according to the earnings release.

>>Read More:

Tesla Motors Shareholders Meeting: Key Takeaways

Marvel Film Woes Cast Shadow Over Disney's Recent Stock Pop

Ciena Continues to Feel Pressure From Weak Carrier Spending

Why Lockheed Martin, Not Elon Musk, Is Poised to Win in Space

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs