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FuelCell Energy !


ISIN: US35952H6018 | WKN: A2PKHA | Symbol: FEY2
0,283
11.10.19
Wien
-2,41 %
-0,007 EUR

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FuelCell Energy Reports First Quarter Results and Latest Accomplishments
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Companies:FuelCell Energy, Inc.Topics:EarningsIndustrial Goods.Related Quotes
Symbol Price Change
FCEL 1.79 0.00


{"s" : "fcel","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: FuelCell Energy, Inc. On Wednesday March 9, 2011, 6:31 pm EST

•California investor-owned utility orders 1.4 megawatt DFC1500
•Fuel Cells Earn Prominent Position within South Korean Renewable Portfolio Standard Pricing Mechanism
•Initial order from the United Kingdom for a Direct FuelCell power plant
•Margins improve with cost ratio moving to 1.09
•$18 million raised from registered direct offering
•$70 million of cash and investments at January 31, 2011


DANBURY, Conn., March 9, 2011 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL - News), a leading manufacturer of ultra-clean, efficient and reliable power plants using renewable and other fuels for commercial, industrial, government, and utility customers, today reported results for its first quarter ended January 31, 2011 along with its latest accomplishments.



Financial Results



FuelCell Energy reported total revenues for the first quarter of 2011 of $28.1 million compared to $14.6 million in the same period last year. Product sales and revenues in the first quarter were $25.8 million compared to $12.8 million in the prior year quarter as production was increased to meet growing order volume. Product sales and revenues for the first quarter of 2011 included $20.4 million of power plants, fuel cell modules, and fuel cell power plant components, $2.5 million of revenue primarily from the sale of capital equipment to POSCO Power for their fuel cell module assembly facility as well as construction and installation services, and $2.9 million of revenue from service and power purchase agreements.



Margins for product sales and revenues improved by $2.9 million over the prior year quarter with the product cost-to-revenue ratio moving to 1.09-to-1.00 in the first quarter of 2011 from 1.41-to-1.00 in the first quarter of 2010. Results reflect improved product margins combined with lower commissioning and warranty costs compared to the first quarter of 2010.



Total product sales and service backlog as of January 31, 2011 was $159.2 million compared to $84.1 million as of January 31, 2010. Product order backlog was $78.9 million and $58.3 million as of January 31, 2011 and 2010, respectively. Backlog for long-term service agreements was $80.3 million and $25.8 million as of January 31, 2011 and 2010, respectively.



Research and development contract revenue was $2.3 million for the first quarter of 2011 compared to $1.8 million for the first quarter of 2010. The Company's research and development backlog totaled $7.9 million as of January 31, 2011 compared to $11.9 million as of January 31, 2010, decreasing as phase two of the solid oxide fuel cell development contract with the U.S. Department of Energy (DOE) nears successful completion. The Company submitted a proposal to the DOE to participate in the multi-year third phase of the solid oxide fuel cell development program.



Net loss to common shareholders for the first quarter of 2011 improved to $11.7 million, or $0.10 per basic and diluted share, compared to $15.4 million or $0.18 per basic and diluted share in the first quarter of 2010. Higher product margins drove this improvement.



Total cash, cash equivalents and investments in U.S. Treasuries were $70.2 million as of January 31, 2011. Net use of cash, cash equivalents, and investments for the first quarter was $3.2 million compared to net use of $7.2 million in the first quarter of 2010, excluding the net proceeds of $17.8 million from the registered direct offering of common stock and revolver borrowings of $1.0 million. The favorable impact of improved product margins combined with strong cash receipts from U.S. orders resulted in lower cash utilization during the first quarter of 2011 compared to the prior year quarter. Capital spending for the first quarter was $0.3 million and depreciation expense was $1.6 million.



Corporate Highlights



"Solid financial results this quarter, including the favorable impact of product cost reductions combined with growing revenue and production volume, highlight the progress being made," said Chip Bottone, President and CEO of FuelCell Energy, Inc. "The FuelCell team is focusing on three key areas including, revenue growth, customer satisfaction and operational excellence as we expand our markets. Our products are helping our customers solve their power generation and environmental challenges as well as helping them meet their sustainability goals."
hi paula,
die zahlen sehen auf den ersten blick gut aus.
premarket gefällt mir auch.
bin schon neugierig auf das opening.
Stehen nach dem Atomdesaster Windenergie. Solar- und Wasserstofftechnologie vor einer neubewertung? Was passiert mit den Börsen aufgrund der Katastrophe in Japan und welche Bewertung werden Die Alternatieven zur Atomtechnilogie erhalten. Eventuell werden Alternativen nun kurz- und mittelfristig beschleunigt unterstützt und entwickelt?
Wir könnten seit Freitag dem 11.3.2011 an der Schwelle zum Ende der Nukleartechnologie so wie wir sie kannten und wahrgenommen haben stehen.

Nur noch sichere Reaktoren (neuester Stand) werden in den Industrieländern betrieben und die Suche nach Alternativen beschleunigt vorangetrieben?

Bitte um Meinungen
Wie geht es weiter??

Mit einem Notstromaggregat von Fuelcell wäre die Kühlung vielleicht noch zu retten gewesen?
Wie ist die Zuverlässigkeit dieser Aggregate? Wäre das ein neues Geschäftsfeld für FC oder eher nicht?
Antwort auf Beitrag Nr.: 41.195.266 von Wildschwein am 14.03.11 01:19:21ich denke schon, dass die erneuerbaren jetzt nochmal einen schub erhalten.
hoffentlich gerät die wasserstoff-technologie nicht in misskredit,
nachdem ja auch wasserstoff explosionen berichtet werden.
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