FuelCell Energy GAAP EPS of -$2.21 misses by $0.47, revenue of $49.3M beats by $9.64M
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- FuelCell Energy press release (NASDAQ:FCEL): Q4 GAAP EPS of -$2.21 misses by $0.47.
- Revenue of $49.3M (+119.1% Y/Y) beats by $9.64M.
- Product revenue for the three months ended October 31, 2024 was primarily driven by $18.0 million of revenue recognized under the Company’s long-term service agreement (the “GGE Agreement”) with Gyeonggi Green Energy Co., Ltd. (“GGE”) for the replacement of the first six fuel cell modules for GGE’s 58.8 MW fuel cell power plant platform in Hwasong-si, Korea.