This Day On The Street
Continue to site
ADVERTISEMENT
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

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 - Get Report) Ballard Power Systems  (BLDP) and Plug Power  (PLUG - Get Report) 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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
FCEL $1.24 0.00%
PLUG $2.49 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs