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 Capital Markets

FuelCell Energy  / Equity Capital Markets

<ul><li>FuelCell Energy saw continued progress in product sales and delivered a solid revenue surpassing Wall Street expectations.</li><li>The increase in product revenues resulted from the module sales to KFC (Korea Fuel Cell Company).</li><li>We provide the stock of FuelCell energy with a ‘Hold’ rating and a revision in the target price.</li></ul>

FuelCell Energy saw continued progress in product sales and delivered a solid revenue surpassing Wall Street expectations.The increase in product revenues resulted from the module sales to KFC (Korea Fuel Cell Company).We provide the stock of FuelCell energy with a ‘Hold’ rating and a revision in the target price.

FuelCell Energy: Carbon Savings Calculator & Other Drivers

<ul><li>FuelCell Energy delivered yet another disappointing result, failing to meet Wall Street expectations in terms of both, revenues as well as earnings.</li><li>Over the past two years, the company did not see any revenue from the product sales.</li><li>However, in this quarter, there has been a return in product sales with the first order of 12 replacement modules and the existing installation of POSCO Energy in Korea.</li></ul>

FuelCell Energy delivered yet another disappointing result, failing to meet Wall Street expectations in terms of both, revenues as well as earnings.Over the past two years, the company did not see any revenue from the product sales.However, in this quarter, there has been a return in product sales with the first order of 12 replacement modules and the existing installation of POSCO Energy in Korea.

FuelCell Energy Inc.: The TuNur Collaboration & Other Drivers

<ul><li>Like most high-growth stocks, FuelCell has also been badly hit by the rising interest rates and inflation.</li><li>Despite all the headwinds, FuelCell has made continued progress in executing its strategy and is growing revenue every year.</li><li>The company has big plans for Asia and looks to become a global leader in producing hydrogen and de-carbonizing power.</li></ul>

Like most high-growth stocks, FuelCell has also been badly hit by the rising interest rates and inflation.Despite all the headwinds, FuelCell has made continued progress in executing its strategy and is growing revenue every year.The company has big plans for Asia and looks to become a global leader in producing hydrogen and de-carbonizing power.

FuelCell Energy: The Asia Expansion Story

<ul><li>FuelCell Energy’s stock has been beaten down as a result of a massive selloff triggered by the macroeconomic fears associated with the Omicron variant, the rising inflation and interest rates.</li><li>FuelCell Energy has been working hard to move its technology innovations from the laboratory closer to deployment in commercial applications.</li><li>FuelCell Energy is looking to expand in the Asian markets and is also developing reversible solid oxide systems for long-term energy storage and high-efficiency solid oxide power production systems.</li></ul>

FuelCell Energy’s stock has been beaten down as a result of a massive selloff triggered by the macroeconomic fears associated with the Omicron variant, the rising inflation and interest rates.FuelCell Energy has been working hard to move its technology innovations from the laboratory closer to deployment in commercial applications.FuelCell Energy is looking to expand in the Asian markets and is also developing reversible solid oxide systems for long-term energy storage and high-efficiency solid oxide power production systems.

<ul><li>FuelCell Energy has had a phenomenal runup over the past weeks as the company managed to deliver a decent result with higher revenues in the third quarter of the ongoing fiscal.</li><li>In the third quarter, the company achieved a 43% growth as compared to the prior-year quarter with a large chunk of the revenues coming from service agreements and licenses.</li><li>This stream increased by a staggering 102% to $14.3 million whereas the company’s Generation revenues increased by 32% to $6.2 million, but it suffered a 9% drop in Advanced Technology contract revenues.</li></ul>

FuelCell Energy has had a phenomenal runup over the past weeks as the company managed to deliver a decent result with higher revenues in the third quarter of the ongoing fiscal.In the third quarter, the company achieved a 43% growth as compared to the prior-year quarter with a large chunk of the revenues coming from service agreements and licenses.This stream increased by a staggering 102% to $14.3 million whereas the company’s Generation revenues increased by 32% to $6.2 million, but it suffered a 9% drop in Advanced Technology contract revenues.

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: Carbon Savings Calculator & Other Drivers

FuelCell Energy saw continued progress in product sales and delivered a solid revenue surpassing Wall Street expectations. The increase in product...

Baptista Research

FuelCell Energy Inc.: The TuNur Collaboration & Other Drivers

FuelCell Energy delivered yet another disappointing result, failing to meet Wall Street expectations in terms of both, revenues as well as...

Baptista Research

FuelCell Energy: The Asia Expansion Story

Like most high-growth stocks, FuelCell has also been badly hit by the rising interest rates and inflation. Despite all the headwinds, FuelCell has...

Baptista Research

FuelCell Energy Inc. - Investment Thesis

FuelCell Energy’s stock has been beaten down as a result of a massive selloff triggered by the macroeconomic fears associated with the Omicron...

Baptista Research

FuelCell Energy Inc. - Investment Thesis

FuelCell Energy has had a phenomenal runup over the past weeks as the company managed to deliver a decent result with higher revenues in the third...

Baptista Research

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