Regardless of the many good news and developments around hydrogen, there must of course also be a critical consideration of the aspects that may, for example, hinder or delay rapid build-up of production capacity. In addition to adverse influences due in part to misunderstood or counterproductive regulatory measures (EU/Germany) are aspects such as the shortage of skilled workers, supply chain problems and financing. (more…)
FuelCell Energy should actually have generated a quarterly turnover of over 30 million USD in the second quarter, ending April 30th (fiscal year), but it was by then only about 16 million USD with a stated loss in the amount of about 31 million USD, or minus 0.08 USD per share. The management board nevertheless believes that they are on track to achieve a turnover of 300 million USD by 2025, and 1 billion USD by 2030. The order backlog was almost unchanged at about 1.3 billion USD. In the bank lies a formidable 490 million USD, for which a multitude of share placements (64 million new shares) is responsible – in proportion to the stock exchange value of 1.4 billion USD, a healthy basis, even if the question arises as to how these share placements were justified. (more…)
Finally: FuelCell Energy has agreed and settled with South Korean companyPosco. FuelCell is now independent fromPoscoagain and can pursue other opportunities in Asia. The company figuresof FuelCell Energy are not yet very convincing, given the last quarterly results: a measly14 million USD turnover. Although there are pending orders of 1.29 billion USD in the books,so far seemingly few new orders are coming in. The cooperation with ExxonMobil was extended once again,but with no new conditions to report.(more…)
With ExxonMobil, FuelCell Energy is already working nicely with regard to carbon capture. Now ExxonMobil has published a six-year plan that sees the corporation wanting to invest USD 15 billion in this area. As a result, I therefore believe that for FuelCell Energy there is potential for many a supplementary and major order. (more…)
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