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

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.)