Gas cell power (NASDAQ:FCEL) The inventory jumped 7% via 11:10 a.m. ET Wednesday on what seems to be some fairly heated information. This morning, the maker of stationary gas cells for off-grid energy era set a date for reporting its fourth-quarter 2024 outcomes. Outcomes will likely be launched subsequent Thursday, December 19, at 10 a.m. ET.
Subsequent Thursday will likely be an enormous day for FuelCell, as the corporate has been going via some huge adjustments. On November 7, FuelCell introduced plans to revive its lagging inventory value and keep away from delisting from the Nasdaq by operating at a 1:30 price. consolidation of shares. He traded one high-priced FuelCell share for each 30 cents of FuelCell inventory his traders held on the time.
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If FuelCell had not reversely break up its shares, traders who maintain A FuelCell inventory price $12 at the moment would as a substitute maintain 30 shares costing about $0.40 every.
Per week later, FuelCell took the subsequent step, saying value reductions and development initiatives to (hopefully) enhance its inventory value rather less artificially. Aiming to “considerably cut back its working prices” by roughly 15% in 2025, FuelCell introduced it might lay off 17% of its workers and considerably cut back its workforce. research and development expenses — similtaneously it strives to develop new markets for the sale of CO2 to the meals business and to make new investments in “molten carbonate know-how” and “stable oxide know-how”.
Can FuelCell achieve attaining a lot of these technological advances whereas decreasing R&D spending? I admit I am skeptical, however FuelCell nonetheless has to strive.
Analyst forecasts for the subsequent earnings report predict that FuelCell will report as much as $6.90 in losses per share for fiscal 2024 (i.e., FuelCell will lose about half of the present worth of its personal shares), on a 17% drop in gross sales. All of the R&D on the planet will not make a lot of a distinction if FuelCell runs out of cash and has to shut store.
We hope subsequent week’s outcomes present the corporate is making progress.
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