FCEL - FuelCell Energy: Consider Potential Q2 Results Miss And Korean Market Opportunities
2024-06-05 07:30:00 ET
Summary
- FuelCell Energy's Q2 FY 2024 results are predicted to miss expectations based on the company's track record and the recent performance of its peers.
- On the other hand, the South Korean market could provide new growth opportunities for FuelCell Energy, and its shares don't seem to be overvalued.
- I choose to rate FCEL stock as a Hold after previewing its second quarter results and assessing its latest contract win.
Elevator Pitch
FuelCell Energy, Inc. ( FCEL ) shares are awarded a Hold rating.
My earlier December 15, 2023 article touched on the factors influencing FuelCell Energy's Q4 FY 2023 (YE October 31) results. In the latest write-up, I determine whether FCEL is likely to beat or miss Wall Street's expectations with its financial performance for the second quarter of fiscal 2024....
FuelCell Energy: Consider Potential Q2 Results Miss And Korean Market Opportunities