FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, morcrogrids, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: fuelcellenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2023 | $2.75 → $1.50 | Hold | Jefferies |
| 12/14/2022 | $3.85 | Neutral | UBS |
| 10/19/2022 | $3.00 | Hold | Jefferies |
| 6/2/2022 | Sector Weight | KeyBanc Capital Markets | |
| 1/5/2022 | Sector Weight | Keybanc | |
| 12/30/2021 | $8.00 → $6.00 | Neutral | B. Riley Securities |
| 12/30/2021 | $7.00 → $5.50 | Hold | Canaccord Genuity |
| 12/29/2021 | $5.00 | Sell → Hold | Craig Hallum |
8-K - FUELCELL ENERGY INC (0000886128) (Filer)
8-K - FUELCELL ENERGY INC (0000886128) (Filer)
8-K - FUELCELL ENERGY INC (0000886128) (Filer)
DEFA14A - FUELCELL ENERGY INC (0000886128) (Filer)
DEF 14A - FUELCELL ENERGY INC (0000886128) (Filer)
PRE 14A - FUELCELL ENERGY INC (0000886128) (Filer)
10-Q - FUELCELL ENERGY INC (0000886128) (Filer)
8-K - FUELCELL ENERGY INC (0000886128) (Filer)
8-K - FUELCELL ENERGY INC (0000886128) (Filer)
DEFA14A - FUELCELL ENERGY INC (0000886128) (Filer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
4 - FUELCELL ENERGY INC (0000886128) (Issuer)
Go-forward strategy will emphasize topline revenue growth and future profitability.Company to reduce total operating costs by an estimated 15% in fiscal year 2025. DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company's core technologies, and protect the company's competitive position amid slower-than-expected investments in clean energy. The restructuring will allow FuelCell Energy to prioritize commercially available technologies to reflect changing market opportuniti
DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company's common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024. Today, the Company filed a Certificate of Amendment of the Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect this reverse stock split of its issued and outstanding shares of common stock and shares of common stock held in treasury. Tradin
Company to receive approximately $9.4 million in debt financing; FuelCell Energy to pursue additional financing to support the working capital needs of this transactionFinancing to support purchase agreement for forty-two 1.4-megawatt upgraded carbonate fuel cell modules to replace existing units at GGE's Hwaseong Baran Industrial Complex DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today announced that it has closed on a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for the company's fuel cell projects with Gyeonggi Green Energy (GGE). This financing is part of EXIM's Project & Structured Finance prog
DANBURY, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) and Korea Hydro & Nuclear Power Co., Ltd (KHNP) announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MOU) outlining the possibilities. The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy's solid oxide electrolysis hydrogen platform and KHNP's nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea's domestic clean energy sources with FuelCell Energy's electrolyzer platform that uniq
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet loss per share was $(0.07) compared with $(0.06) which included a $0.04 one-time debt extinguishment benefit in the third quarter of 2023 DANBURY, Conn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today reported financial results for its third quarter ended July 31, 2024. "In the third quarter, our team achieved solid performance and continued cost management, while advancing our Powerhouse strategy,"
DANBURY, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) announced its participation in a discussion on "Scaling Critical Technologies in Hydrogen Production" at Investing in Green Hydrogen 2024 (IGH2024). IGH2024 on Sept. 2-3, 2024, at the Queen Elizabeth II Centre in London. Andrea Miserocchi, vice president of business development in Europe and the Middle East at FuelCell Energy, spoke on the topic of "Scaling Critical Technologies in Hydrogen Production." The panel he joined analyzed the crucial aspects of developing robust and efficient hydrogen projects. Miserocchi highlighted FuelCell Energy's hydrogen solutions, including FuelCell Energy's Solid Oxid
DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephon
DANBURY, Conn., Aug. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc., (NASDAQ:FCEL), a global leader in sustainable energy technologies for the delivery of energy and emissions management, announced that a $5.9 million CAD grant from Natural Resources Canada's Clean Fuels Fund (CFF) will finance two projects utilizing its electrolyzer technology to produce synthetic fuel (power-to-liquid (PtL)) or "eFuel." These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander Energy Inc., Nuclear Promise X, and St. Marys Cement and are focused on producing low-carbon-intensity synthetic diesel fuels using zero-carbon hydrogen that will be produced by lever
DANBURY, Conn., Aug. 20, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today announced that it plans to hold a special meeting of its stockholders (the "Special Meeting") on October 31, 2024 to consider and vote on a proposal to authorize the Company's Board of Directors (the "Board") to effect a reverse stock split of the Company's common stock through an amendment to the Company's Certificate of Incorporation, as amended. Holders of record of the Company's common stock as of the close of business on September 10, 2024 will be entitled to receive notice of and to vote at the Special Meeting. Details regarding the Special Meeting will be made available to stockholders at a
DANBURY, Conn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy Inc. (NASDAQ:FCEL) announced its participation in the World Brewing Congress, taking place August 17-20 in Minneapolis, Minn. The event will provide a platform for FuelCell Energy to showcase its innovative solutions for CO2 utilization and sustainability in the brewing, food, and agriculture industries. Countries and companies around the world are rushing to reduce their carbon footprints, particularly with respect to the energy, transportation, and heavy industry sectors. However, at the same time, there is a demand for a cleaner way of generating CO2. The certainty of supply and long-term pricing for CO2, especially in
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
SC 13G/A - FUELCELL ENERGY INC (0000886128) (Subject)
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet loss per share was $(0.07) compared with $(0.06) which included a $0.04 one-time debt extinguishment benefit in the third quarter of 2023 DANBURY, Conn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today reported financial results for its third quarter ended July 31, 2024. "In the third quarter, our team achieved solid performance and continued cost management, while advancing our Powerhouse strategy,"
DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephon
Second Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 millionGross loss of $(7.1) million compared to $(6.1) millionLoss from operations of $(41.4) million compared with $(35.9) millionNet loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April 30, 2024.
DANBURY, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its second quarter of fiscal 2024 results prior to the Stock Market Open on Monday, June 10, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephone as follows
First Quarter Fiscal 2024 Financial Summary(All comparisons are year-over-year unless otherwise noted) Revenues of $16.7 million compared to $37.1 millionGross loss of $11.7 million compared to a gross profit of $5.2 millionLoss from operations of $(42.5) million compared to $(22.5) millionNet loss per share was $(0.05) in both quarters DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2024. "In 2024, we con
DANBURY, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, March 7, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 7, 2024, to discuss the results and provide a business update. Participants can access the live call v
Fourth Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted) Revenues of $22.5 million compared to $39.2 millionGross loss of $(1.5) million compared to $(15.2) millionLoss from operations of $(36.4) million compared to $(42.7) millionNet loss per share was $(0.07) compared to $(0.11) Fiscal Year 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted) 5% decrease in total revenues to $123.4 million compared to $130.5 millionLoss from operations of $(136.1) million compared to $(143.7) millionNet loss of $(108.1) million compared to $(147.2) millionAdjusted EBITDA of $(102.9) million co
DANBURY, Conn., Dec. 12, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its fourth quarter and fiscal year 2023 results prior to the Stock Market Open on Tuesday, December 19, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Tuesday, December 19, 2023, to discuss the results and provide a business update. Participants can access the
DANBURY, Conn., Aug. 29, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy — today announced the upcoming release of its third quarter fiscal year 2023 results prior to the Stock Market Open on Monday, September 11, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, September 11, 2023 to discuss the third quarter results and provide a business update. Participants can a
Second Quarter Fiscal 2023 Financial Highlights (All comparisons are year-over-year unless otherwise noted) Revenues of $38.3 million compared to $16.4 millionGross loss of $(6.1) million compared to $(7.3) millionLoss from operations of $(35.9) million compared to $(28.2) millionNet loss per share was $(0.09) compared to $(0.08) DANBURY, Conn., June 08, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April
Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the appointment of Isida Tushe as General Counsel and Corporate Secretary. An industry veteran, Isida brings a wealth of domestic and international experience honed through years of working as an executive with a wide range of power generation and renewables companies. "I am humbled to join Microvast, an innovative pioneer in battery manufacturing," stated Isida Tushe. "The Company's focus on innovating lithium-ion battery solutions that will be critical in decarbonization and mitigating climate change exempli
DANBURY, Conn., April 06, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power, and producing hydrogen to enable a world empowered by clean energy -- today announced the appointment by the Board of Directors of Mark Feasel to the position of Executive Vice President and Chief Commercial Officer. Mark's appointment will be effective as of April 18, 2022. This role was previously held by the Company's President and CEO, Jason Few. Mark will join FuelCell Energy from Schneider Electric USA where he has spent more than fifteen years in various executive positions of increasing responsibil
DANBURY, Conn., Dec. 17, 2021 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — today announced that Joshua Dolger has been appointed by FuelCell Energy's Board of Directors as the Company's Executive Vice President, General Counsel and Corporate Secretary. Josh has been serving as interim General Counsel and Corporate Secretary since June 2021. Josh brings extensive experience in corporate and public company legal practice. Prior to joining the Company in May 2021, Josh held a variety of legal positions of increa
Jefferies resumed coverage of FuelCell Energy with a rating of Hold and set a new price target of $1.50 from $2.75 previously
UBS initiated coverage of FuelCell Energy with a rating of Neutral and set a new price target of $3.85
Jefferies initiated coverage of FuelCell Energy with a rating of Hold and set a new price target of $3.00
KeyBanc Capital Markets resumed coverage of FuelCell Energy with a rating of Sector Weight
Keybanc initiated coverage of FuelCell Energy with a rating of Sector Weight
B. Riley Securities reiterated coverage of FuelCell Energy with a rating of Neutral and set a new price target of $6.00 from $8.00 previously
Canaccord Genuity reiterated coverage of FuelCell Energy with a rating of Hold and set a new price target of $5.50 from $7.00 previously
Craig Hallum upgraded FuelCell Energy from Sell to Hold and set a new price target of $5.00
Canaccord Genuity reiterated coverage of FuelCell Energy with a rating of Hold and set a new price target of $9.00 from $13.50 previously
Wells Fargo initiated coverage of FuelCell Energy with a rating of Underweight and set a new price target of $9.00
FuelCell Energy Inc (NASDAQ:FCEL) shares are trading higher. The company on Thursday highlighted a significant Korean market expansion milestone and provided some details from a recent event in Seoul. What Happened: FuelCell said it recently held an event in Seoul, reinforcing the company’s commitment to the Korean market and highlighting how its two differentiated carbonate and solid oxide platforms help enable the energy transition to sustainable energy. “During our event with industry leaders, the FuelCell Energy team answered questions about our targeted set of sustainable energy solutions,” said Jason Few, CEO of FuelCell. “We also outlined advancements that we have made to our
FuelCell Energy Hosts "Accelerating Korea's Energy Transition with Advanced Fuel Cell Solutions" Event; Showcases Cutting-Edge Technology, Strategic Vision, And Carbonate And Solid Oxide Platforms To Korean Energy Industry Leaders; Announces GGE Purchase Of 42 Upgraded Carbonate Fuel Cells For World's Largest Single-Site Fuel Cell Power Platform
FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading higher Wednesday, though the stock remains down by more than 30% over the past month. The stock climbed Wednesday amid strength in EV-related stocks after several EV makers, including Tesla, reported vehicle delivery figures this week. The move may also be aided by retail investors as they pile into heavily-shorted stocks on a holiday-shortened trading week. According to data from Benzinga Pro, 22.12% of available shares are being sold short and more than 25 million shares have already been traded in the session. Read Next: What Happened With Advanced Micro Devices Stock Today? FuelCell Energy announced last week the University
FuelCell Energy's (NYSE:FCEL) short percent of float has fallen 7.82% since its last report. The company recently reported that it has 103.34 million shares sold short, which is 20.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.02 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
Shares of Ovid Therapeutics Inc (NASDAQ:OVID) dipped 65.7% to $1.1285 after Takeda’s Skyline study in Dravet syndrome missed its primary endpoint. Takeda Pharmaceutical Co Ltd (NYSE:TAK) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS). AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Interactive Strength Inc. (NASDAQ:TRNR) shares climbed 148% to $7.07 after dipping 19% on Friday. Mustang Bio, Inc. (NASDAQ:MBIO) shares jumped 145% to $0.32 after the company announced safety and efficacy da
Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program. Skye Bioscience shares tumbled 18.9% to $8.87 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week. KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was aw
Gainers New Horizon Aircraft (NASDAQ:HOVR) shares moved upwards by 41.0% to $1.01 during Monday's regular session. The market value of their outstanding shares is at $18.4 million. Nauticus Robotics (NASDAQ:KITT) stock rose 24.19% to $0.19. The market value of their outstanding shares is at $12.0 million. Virco Mfg (NASDAQ:VIRC) stock increased by 19.4% to $15.75. The market value of their outstanding shares is at $257.4 million. As per the news, the Q1 earnings report came out yesterday. Silynxcom (AMEX:SYNX) shares rose 17.41% to $2.63. The company's market cap stands at $13.8 million. FuelCell Energy (NASDAQ:FCEL) shares rose 16.19% to $1.01. The market value of their outstanding sha
FuelCell Energy Inc (NASDAQ:FCEL) reported a second-quarter fiscal 2024 revenue decline of 42% year-over-year to $22.42 million, beating the consensus of $21.35 million. Service Agreements revenue dropped to $1.4 million from $26.2 million due to no module exchanges; Generation revenues jumped 67% to $14.1 million, driven by new projects. Advanced Technologies contract revenues rose to $6.9 million, boosted by higher government and other contracts. The company reported an EPS loss of $0.07, beating the consensus loss of $0.08. The company reported a gross loss of $7.1 million, worsening from the previous year’s $6.1 million, largely due to high costs and unfavorable margins in ge
FuelCell Energy (NASDAQ:FCEL) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.08) by 12.5 percent. This is a 22.22 percent increase over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $22.420 million which beat the analyst consensus estimate of $21.351 million by 5.01 percent. This is a 41.54 percent decrease over sales of $38.349 million the same period last year.
U.S. stocks are poised to start Monday’s session in the red as traders brace for the all-important decision from the Federal Reserve’s monetary policy committee on Wednesday and the May inflation report ahead of the rate decision. Although the futures market has factored in a Fed pause, rate cuts announced by two G7 central banks last week have increased hopes of a dovish message from their U.S. counterpart. Given the paucity of data and the overbought levels, the market may most likely tread water before taking a meaningful move on either side. FuturesPerformance (+/-)Nasdaq 100-0.08%S&P 500-0.15%Dow-0.21%R2K-0.80%In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell