Q3 2023 Fuelcell Energy Inc Earnings Call

Contributing sentiments towards policy:

59% : The first is the long-term service agreement with Noeul Green Energy, whose plant has a total output of 20 megawatts using 8 or 3,000 FuelCell .
57% : Compared to the third quarter of fiscal year 2022, Advanced technology contract revenues recognized under our joint development agreement with ExxonMobil Technology and Engineering Company for approximately $0.3 million higher and revenue recognized under government and other contracts were approximately $0.8 million lower as a result for the allocation of engineering resources during the quarter.
57% : In addition, we signed a memorandum of understanding with Gyeonggi Green Energy or GGE.
56% : Most recently, through a new service opportunities, during the quarter, we signed a long-term service agreement with Noeul Green Energy and executed a memorandum of understanding that outlines the potential business arrangement that could see us take over the long-term servicing of the world's largest fuel cell park.
53% : This decline was partially offset by an increase in service backlog related to a new service agreement with Noeul Green Energy entered into during the third quarter of fiscal year 2023, which has a contract value of approximately $73 million.
52% : We can potentially see higher revenues, particularly around a project like Tri-gen that has multiple attributes coming out, not just power generation, but hydrogen and water and then obviously, with government incentives out there around, like the PTC credit that was not there a couple of years ago, potentially higher revenue opportunities for those projects than just $1 per megawatt.
50% : We are seeing customer interest and the way in which we're building our pipeline, growing even without the clarity around IRA and especially when you think about globally because we're not just focused in the U.S., but you've got programs in the EU.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.