FuelCell Energy net loss widens slightly in Q4 FY 2011/12

Dec 21, 2012 - US fuel cell maker FuelCell Energy Inc (NASDAQ:FCEL) widened its adjusted net loss to USD 8.5 million (EUR 6.4m) in its fourth quarter through October from USD 7.9 million a year earlier, it said Thursday.

Operating loss expanded to USD 8.4 million from USD 7.9 million as administrative and selling costs rose.

Revenue in August-October slightly increased to USD 35.4 million from USD 34.7 million. It included product sales and revenues of USD 33.9 million, up from USD 33.3 million a year back.

At the end of October, FuelCell Energy had a product sales and services backlog of USD 306.6 million, rising from USD 209.9 million.

The company last month sealed a multi-year order for 121.8 MW of fuel cell kits and services, worth an estimated USD 181 million, with its South Korean partner Posco Energy. During the last quarter of its fiscal year, it also struck a deal to supply a stationary fuel cell power plant for a data centre research project in Wyoming of US software giant Microsoft Corp (NASDAQ:MSFT) and sold a 300-kW stationary fuel cell power plant for a 38-storey office building in London.

(USD 1.0 = EUR 0.757)

Choose your newsletter by Renewables Now. Join for free!