FuelCell Energy posts smaller-than-expected Q4 loss, to focus on data center market
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FuelCell Energy reported a smaller-than-expected loss for Q4, with revenue rising 12%, surpassing analyst expectations. The company is focusing on the data center market for future growth and plans to expand manufacturing capacity. Cost reductions were achieved through decreased R&D spending and restructuring. FuelCell Energy has strengthened its liquidity with $278.1 million in cash and EXIM financing. The current analyst rating is "hold," with a median 12-month price target of $7.53, slightly below the recent closing price.
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