Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of FuelCell Energy (NASDAQ: FCEL ) jumped 16% today after reporting earnings.
So what: Revenue was up 22% to $44.4 million and net loss was $11.4 million, or $0.06 per share. Sales beat estimates and on an adjusted basis the company's loss of $0.04 per share were in-line with estimates.
Now what: The market is rewarding companies who are considered growth stocks right now and FuelCell has done will by playing in a growth market. But I'll caution that they still haven't come close to reporting a profit and that's what it's all about at the end of the day. The other concerning number is backlog dropping from $428.3 million a year ago to $326.8 million on Jan. 31, 2014. There's just too much risk for me to buy in and I'd like to buy into a profitable company rather than take a risk on FuelCell today.
A more profitable way to play energy
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 ... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock and join Buffett in his quest for a veritable LANDSLIDE of profits!