FuelCell Energy Missed Q4 Results, Announces 2022 Growth Investment Plans
<p><a href='https://financialmodelingprep.com/financial-summary/FCEL'>FuelCell Energy, Inc. (NASDAQ:FCEL) </a>released its Q4 results, with EPS coming in at ($0.07), worse than the consensus estimate of ($0.02). </p>
<p>With the POSCO settlement now in the company's rearview, and a $460.2 million liquidity position, the company announced investment plans in order to tap the large and growing market opportunity for its technology systems. The company is planning $40-50 million in capex spending in 2022 on its factories for carbonate and solid oxide production capacity, compared to $6.4 million spent in 2021. In addition, the company plans to spend $45-55 million for the acceleration of the commercialization of its Advanced Technologies solutions.</p>
<p>Analysts at Oppenheimer view this announcement as indicative of the company's focus shifting back to that of a technology-focused growth company.</p>

NASDAQ:FCEL