Earnings Feed

PLUG

Energy & Utilities

Electrolyzer sales more than tripled from a year ago, reaching roughly $45 million in Q2 2025, indicating rapid market acceptance.
The growth underscores the increasing role of GenEco as the preferred choice for industrial-scale hydrogen applications.
Management emphasized the importance of securing early-stage agreements ahead of final investment decisions in 2026.
The robust sales funnel and project pipeline suggest a strong trajectory for electrolyzer revenue in the coming quarters.

FCEL

Energy & Utilities

The reinstatement of the ITC provides full eligibility for fuel cell projects, supporting domestic deployment and project economics.
The 45Q carbon capture incentive reinforces the role of carbon capture in US energy transition strategies.
FuelCell Energy sees natural gas as a backbone fuel, with its carbonate platform capable of delivering clean power from both natural gas and hydrogen.
The company believes supportive policies globally and domestically position it well to capitalize on emerging opportunities.

GWH

Energy & Utilities

Adjusted EBITDA improved nearly 60% compared to Q2 of last year, showing operational leverage.
Cash and cash equivalents improved to $7.2 million by end of July, up from Q2 end.
GAAP cost of revenues decreased 15% quarter-over-quarter, reflecting improved cost control.
GAAP revenue of $2.4 million in Q2 2025, a 294% increase from Q1 2025 driven by final deliveries of Energy Warehouses and Energy Centers.
Net loss improved by 50% year-over-year, indicating progress toward profitability.
Operating expenses fell 35% quarter-over-quarter due to cost reduction efforts and rightsizing.
Secured up to $31 million in new capital, including a $25 million Standby Equity Purchase Agreement (SEPA).