Overview
Clean energy firm's fiscal Q1 revenue grew 61% yr/yr but missed analyst expectations
Adjusted loss per share for fiscal Q1 beat analyst expectations
Negative adjusted EBITDA for fiscal Q1 missed analyst expectations
Outlook
FuelCell Energy targets up to 450 MW of projects with SDCL collaboration
Company aims to convert robust pipeline into definitive agreements
FuelCell Energy highlights integrated carbon-capture pathway for AI demands
Result Drivers
PRODUCT REVENUE GROWTH - Significant increase in product revenues driven by long-term service agreements with South Korean companies GGE and CGN
DECREASED OPERATING EXPENSES - Operating expenses fell due to reduced R&D and administrative costs following restructuring actions
Company press release: ID:nGNX1NyQD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $30.53 mln | $42.22 mln (7 Analysts) |
Q1 Adjusted EPS | Beat | -$0.52 | -$0.65 (4 Analysts) |
Q1 EPS | -$0.49 | ||
Q1 Net Income | -$26.05 mln | ||
Q1 Adjusted EBITDA | Miss | -$17.03 mln | -$9.27 mln (6 Analysts) |
Q1 EBIT | -$26.29 mln | ||
Q1 EBITDA | -$15.77 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 $8.50, about 11.8% above its March 6 closing price of $7.60
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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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