Why FuelCell (FCEL) Stock Is Down Today

NEW YORK (TheStreet) -- FuelCell (FCEL) stock is tumbling on Wednesday after reporting a wider-than-expected net losses and declines in revenue over the three months to April. 

By market open, shares had plummeted 14% to $2.04.

In its second quarter, FuelCell recorded a net loss of 4 cents a share, a penny wider than analysts surveyed by Thomson Reuters anticipated. Revenue of $38.3 million came in 9.8% lower than the year-ago quarter and missed estimates of $45.2 million. 

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Separately, TheStreet Ratings team rates FUELCELL ENERGY INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate FUELCELL ENERGY INC (FCEL) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and poor profit margins."

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