fxstreet.com 25 Jan, 2021 12:00 am

FuelCell Energy Inc gains after beating revenue estimates last quarter

FuelCell Energy Inc gains after beating revenue estimates last quarter
NASDAQ:FCEL paced the renewable energy sector even though the recent quarterly earnings report returned mixed results. On Friday, FuelCell Energy adde

FuelCell CEO is bullish moving forward with the new Biden administration in the White House.FuelCell CEO Jason Few put emphasis on the company’s revenue growth and cited optimism for significant opportunities on the horizon for FuelCell, and described four products that it was focussing on in the short term: distributed generation, distributed hydrogen, long-duration hydrogen storage, and power generation.The FuelCell CEO stated optimism that the United States is now positioned to make up ground on Asia and Europe in terms of its clean energy policies.NASDAQ:FCEL paced the renewable energy sector even though the recent quarterly earnings report returned mixed results.

FuelCell reported its quarterly earnings earlier this week and the stock took a dive after results were mixed.FuelCell reported larger losses than expected but beat Wall Street revenue expectations.

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