Earnings Feed

FCEL

Energy & Utilities

97%

$46.7 million in Q3 2025 vs. $23.7 million in Q3 2024

Total revenues nearly doubled driven by module deliveries to GGE and Ameresco contracts, reflecting strong commercial traction.

FLNC

Energy & Utilities

Adjusted EBITDA was approximately $27 million, supported by higher margins from international projects.
Adjusted gross profit margin for Q3 was 15.4%, exceeding the company’s target for the quarter, driven by strong execution and supply chain optimization.
Annual recurring revenue increased to $124 million.
Backlog stood at approximately $4.9 billion at quarter-end, with $1.1 billion added post-quarter, including $700 million from Australia contracts.
Fluence Energy reported Q3 2025 revenue of $603 million, which was approximately 15% below plan due to slower ramp-up at U.S. manufacturing facilities, particularly the enclosure facility in Arizona.
The company ended Q3 with over $900 million in liquidity, including $460 million in cash, and executed a new $150 million unsecured supply chain facility.

Energy & Utilities

1mo

As of June 30, 2025, total debt including finance leases was $1.3 billion, with $426 million in cash and cash equivalents and $500 million of undrawn revolver capacity.
Excelerate Energy reported adjusted EBITDA of $107 million for Q2 2025, an increase of approximately $7 million quarter-over-quarter, primarily driven by the addition of EBITDA from the Jamaica acquisition.
Net debt stood at $867 million with a trailing 12-month net leverage ratio of 2.2x.
The company announced an increase to its quarterly dividend, reflecting confidence in the enhanced cash flow profile post-Jamaica acquisition.
Year-over-year adjusted EBITDA grew by $18 million, reflecting contributions from both the Jamaica assets and the strength of the legacy business.