FuelCell Energy’s recent runup was marred by a weak result but the fact remains that the company’s stock price has witnessed a quadruple digit growth in the past 12 months. The strong policy support across the globe including pricing CO2 emissions, the goal of net zero emissions by many different Governments, and an increased focus on hydrogen for achieving this goal are important factors that keep this company in the limelight. The clean energy tax credits bill in the Congress have benefitted clean energy companies like FuelCell Energy. The management has solidified their financial position through two common share issuances in the past year and the company is expected to have a decent year ahead. We maintain a ‘Hold’ recommendation on the stock.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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