Tomahawk, WI 06/05/2014 (Basicsmedia) – FuelCell Energy Inc. (NASDAQ:FCEL) opened quite low on Wednesday after the business revealed its fiscal loss as an operating expense during the second quarter of the financial year. Total revenue recorded is quite low and amounts to $38.27 million as compared to $42.44, the last year. Overall net loss for the quarter accounted to $10.7 million additional to the previous quarter of $8.2. As a whole, FuelCell Energy Inc. (NASDAQ:FCEL) lost a huge 15% share in the pre-market trading in the stock market on Wednesday. Talking on the behalf of the shareholders, the net loss bared by them accrues to $16.6 million (or $0.07 per share), which is even more than double of the total loss observed last year as $8.2 million (or 0.04 per share). Not only this, the drop also made an impact on its peers like Ballard Power Systems Inc., which plunged to 2.3% and Plug Power Inc. which dropped to 6.6% in pre-market trading.

Increase In Sales Of FuelCell Energy

FuelCell Energy Inc. (NASDAQ:FCEL), the most prominent producer of fuel-cell power plants, has got several new orders in spite of observing a profound collapse in its sales and a steep drop in shares in the preceding quarter. Moreover, the business has promised that the new orders will heighten the over revenue to more than even $100 million. According to Chip Bottone, Chief Executive Officer, sales of the next two quarters will range from $50 million to $60 million, leading ahead of the previous quarter which was merely $38.3 million. The current sales contract seems to be quite eye-catchy as the negotiation has been going on to capture the orders of 300 MW of power plants in US and Europe. Currently, the organization is producing a massive 70 MW of fuel cells every year at its industrial unit in Torrington, Connecticut, and promises to tale its first net profit, as and when the production capacity increases to as high as 80 MW.

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