Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>FuelCell Energy, Inc. reported its financial results for the first quarter of 2024, indicating lower revenues for the period.</li><li>The fall was anticipated due to a single occasion income benefit from the expiration of a material rate related to an extended warranty obligation and higher service revenues from necessary module replacements during the last year's equivalent quarter.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

FuelCell Energy, Inc. reported its financial results for the first quarter of 2024, indicating lower revenues for the period.The fall was anticipated due to a single occasion income benefit from the expiration of a material rate related to an extended warranty obligation and higher service revenues from necessary module replacements during the last year's equivalent quarter.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

FuelCell Energy: Can Its Expansion into New Markets With Solid Oxide Technology Reverse Its Fortunes? - Major Drivers

<ul><li>FuelCell Energy, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus.</li><li>In the recently disclosed fourth quarter and full-year results, the company celebrates substantial progress in major projects, the evolution of solid oxide power generation, and electrolysis hydrogen platforms.</li><li>Collaborating with major corporations, such as ExxonMobil, Toyota, Pfizer, EDF Energy, and IBM, FuelCell has made substantial strides in carbon capture solutions, distributed hydrogen, microgrid development, and innovative collaborations using AI.</li></ul>

FuelCell Energy, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus.In the recently disclosed fourth quarter and full-year results, the company celebrates substantial progress in major projects, the evolution of solid oxide power generation, and electrolysis hydrogen platforms.Collaborating with major corporations, such as ExxonMobil, Toyota, Pfizer, EDF Energy, and IBM, FuelCell has made substantial strides in carbon capture solutions, distributed hydrogen, microgrid development, and innovative collaborations using AI.

FuelCell Energy Inc.: Carbon Capture Advancements & Revenue Growth in 2024 - Major Drivers

<ul><li>FuelCell Energy, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it surpassed the analyst consensus regarding earnings.</li><li>The company reported total revenues of $25.5 million for the quarter.</li><li>The two latest module exchanges at the plant owned by Korea Southern Power Company and the module exchange at the plant at Trinity College were the main factors behind the increase in service agreement revenue for the third quarter of fiscal year 2023.</li></ul>

FuelCell Energy, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it surpassed the analyst consensus regarding earnings.The company reported total revenues of $25.5 million for the quarter.The two latest module exchanges at the plant owned by Korea Southern Power Company and the module exchange at the plant at Trinity College were the main factors behind the increase in service agreement revenue for the third quarter of fiscal year 2023.

FuelCell Energy Inc.: New Commercial Development Initiatives Explained! - Major Drivers

<ul><li>FuelCell Energy delivered yet another disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company's Tri-generation distributed hydrogen platform at the Port of Long Beach, California, has entered the commissioning phase, showcasing its commitment to clean energy.</li><li>FuelCell Energy is a global leader in clean energy technology, with proprietary fuel cell platforms that decarbonize power and produce hydrogen.</li></ul>

FuelCell Energy delivered yet another disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.The company's Tri-generation distributed hydrogen platform at the Port of Long Beach, California, has entered the commissioning phase, showcasing its commitment to clean energy.FuelCell Energy is a global leader in clean energy technology, with proprietary fuel cell platforms that decarbonize power and produce hydrogen.

FuelCell Energy Inc.: Does Latest Underperformance Spell Trouble or Opportunity? – Key Drivers

Equity Capital Markets

FuelCell Energy  / Equity Capital Markets

<ul><li>FuelCell Energy had another disappointing result as it failed to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>FuelCell delivered 8 more modules of Ex Works to the Fuel Cell in Korea.</li><li>It is worth highlighting that FuelCell has started accepting orders for its solid oxide platform for hydrogen electrolysis and power generation applications.</li></ul>

FuelCell Energy had another disappointing result as it failed to meet Wall Street expectations in terms of revenues as well as earnings.FuelCell delivered 8 more modules of Ex Works to the Fuel Cell in Korea.It is worth highlighting that FuelCell has started accepting orders for its solid oxide platform for hydrogen electrolysis and power generation applications.

FuelCell Energy: Solid Oxide Fuel Cell And Electrolyzer Platform & Other Drivers

United States

FuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. The Company also has contracts to develop its fuel cells for use of alternative fuels and for marine transportation applications. FuelCell has research and development contracts with government and industry.

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FuelCell Energy (FCEL US)

FuelCell Energy: Can Its Expansion into New Markets With Solid Oxide Technology Reverse Its Fortunes? - Major Drivers

FuelCell Energy, Inc. reported its financial results for the first quarter of 2024, indicating lower revenues for the period. The fall was...

Baptista Research

FuelCell Energy Inc.: Carbon Capture Advancements & Revenue Growth in 2024 - Major Drivers

FuelCell Energy, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus. In the recently disclosed...

Baptista Research

FuelCell Energy Inc.: New Commercial Development Initiatives Explained! - Major Drivers

FuelCell Energy, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations, but it surpassed the analyst...

Baptista Research

FuelCell Energy Inc.: Does Latest Underperformance Spell Trouble or Opportunity? – Key Drivers

FuelCell Energy delivered yet another disappointing set of results as the company was unable to meet the revenue expectations as well as the...

Baptista Research

FuelCell Energy: Solid Oxide Fuel Cell And Electrolyzer Platform & Other Drivers

FuelCell Energy had another disappointing result as it failed to meet Wall Street expectations in terms of revenues as well as earnings. FuelCell...

Baptista Research

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