FuelCell Energy Preferreds: 13.5% Yield Supported By Persistent Common Shareholder Dilution [Seeking Alpha]
FuelCell Energy, Inc. (FCEL)
Last fuelcell energy, inc. earnings: 3/16 07:00 am
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US:NASDAQ Investor Relations:
investor.fce.com/investors/default.aspx
Company Research
Source: Seeking Alpha
Follow Summary FuelCell Energy reported less-than-stellar Q3/FY2024 results, with negative gross margins and cash usage at all-time highs. However, FuelCell Energy managed to replenish its cash balances by aggressively selling new shares into the open market. As a result, outstanding shares increased by more than 20% during Q3. On the conference call, management admitted to issues regarding its new solid oxide fuel cell technology, which will require further improvement before being suited for commercial deployments. While investors should continue to avoid the common shares, the company's Series B Preferred Shares offer a juicy 13.5% dividend yield, for income-oriented investors. Given the company's almost unlimited ability to finance operations via open market sales, I expect FuelCell Energy to honor its preferred dividend obligations for the foreseeable future. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance
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FCEL
News
- Why Investors Need to Take Advantage of These 2 Oils-Energy Stocks Now [Yahoo! Finance]Yahoo! Finance
- FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth [Yahoo! Finance]Yahoo! Finance
- FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center GrowthGlobeNewswire
- FuelCell Energy, Inc. (NASDAQ: FCEL) had its price target lowered by analysts at Wells Fargo & Company from $30.00 to $5.00. They now have an "underweight" rating on the stock.MarketBeat
- FuelCell Energy, Inc. (NASDAQ: FCEL) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
FCEL
Earnings
- 9/5/24 - Beat
FCEL
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- FCEL's page on the SEC website