Overview
Renewable power company's fiscal Q4 revenue rose 12%, beating analyst expectations
Adjusted loss per share for fiscal Q4 smaller than analyst expectations, reflecting cost-saving actions
Company emphasized focus on data center market and strategic initiatives
Outlook
FuelCell Energy focuses on data center market for future growth
Company aims to expand manufacturing capacity to meet future demand
FuelCell Energy strengthens liquidity with $278.1 mln cash and EXIM financing
Result Drivers
PRODUCT REVENUES - Revenue increase primarily driven by long-term service agreement with Gyeonggi Green Energy for fuel cell modules in Korea
COST REDUCTIONS - Decrease in operating expenses due to reduced R&D spending and restructuring actions
DATA CENTER FOCUS - Strategic focus on data center market to leverage efficient power solutions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $55.02 mln | $47.40 mln (7 Analysts) |
Q4 Adjusted EPS | Beat | -$0.83 | -$1.21 (7 Analysts) |
Q4 EPS | -$0.85 | ||
Q4 Net Income | -$29.34 mln | ||
Q4 EBIT | -$28.32 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy."
Wall Street's median 12-month price target for Fuelcell Energy Inc is $7.53, about 4.7% below its December 17 closing price of $7.90
Press Release: ID:nGNXGcxFN
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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