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Globe and Mail
a day ago
- Business
- Globe and Mail
Plug Power vs. FuelCell Energy: Which Fuel Cell Stock has Greater Upside?
Plug Power Inc. PLUG and FuelCell Energy, Inc. FCEL are both prominent names operating in the fuel cell technology market. As rivals, both companies are engaged in manufacturing innovative fuel cell product solutions and electrolysis platforms in the United States and internationally. These companies are poised to benefit from significant growth opportunities in the green hydrogen market due to growing demand for clean energy solutions and government initiatives to decarbonize various sectors. Let's take a closer look at their fundamentals, growth prospects and challenges. The Case for Plug Power Plug Power has been subject to a high cash burn rate and negative gross margins over the past several quarters. Lower revenues from the sales of hydrogen equipment and related infrastructure have been weighing on its performance. The company has been witnessing lower sales of GenDrive units, GenSure stationary backup power units, cryogenic storage equipment and liquefiers. Despite this, PLUG has been focusing on scaling up its business and investing in hydrogen plants, given the long-term growth potential of the green hydrogen energy market. Going by some estimates, the green hydrogen energy market is expected to grow to $30 billion by 2030. PLUG intends to capitalize on the opportunity with increased green hydrogen production at its new plant in Georgia, as well as a new joint venture with Olin Corporation OLN in Louisiana. Also, in January 2025, it secured a loan guarantee worth $1.66 billion from the U.S. Department of Energy (DOE) to support the construction of six green hydrogen production facilities. This marks a significant step in the expansion of its hydrogen production capabilities. Plug Power's strong expertise in providing and installing electrolyzers is underlined by its deployment of substantial proton exchange membrane (PEM) electrolyzer systems to date. This is underlined by its successful PEM electrolyzer deployment at the largest U.S. electrolytic liquid hydrogen production plant in Georgia. PLUG's cost management and supply-chain optimization efforts have also supported it in slowing down its cash burn rate, which declined nearly 50% year over year in first-quarter 2025. In the same quarter, it launched Project Quantum Leap with a target to generate more than $200 million in annualized savings. As part of the project, the company stands to benefit from sales growth, pricing actions, inventory and capex management, and increased leverage of its hydrogen production platform. It expects the project to boost its cash flow and reduce the cash burn rate in the quarters ahead. The Case for FuelCell Energy FCEL continues to receive orders from its customers who need a 24/7 clean energy supply to efficiently run their operations. Earlier this year, the company received a contract to build a 7.4 MW fuel cell power plant in Hartford, CT. The project is expected to add more than $160 million of future revenues to FuelCell Energy's generation backlog. The backlog at the end of second-quarter fiscal 2025 (ended April 2025) was $1.26 billion, reflecting year-over-year growth of 18.7%. The company's strategic partnership with Diversied Energy and TESIAC Corp. is also expected to accelerate its entry into the data center market and expand its penetration in deployed microgrid applications. FuelCell Energy is also working on a global restructuring of its operations in the United States, Canada and Germany. This initiative will lower operating costs, realign resources toward advancing the company's core carbonate technologies and protect its competitive position in the clean energy market. However, FCEL has been subject to negative gross margins over the past few quarters. Its gross margin was a negative 26% in the first six months of fiscal 2025. Rising operating costs and expenses have been weighing on its margins and profitability. For instance, in the first half of fiscal 2025, its cost of revenues increased 23% from the year-ago period. FuelCell Energy's high debt level remains another concern. Its long-term debt balance at the end of second-quarter fiscal 2025 remained high at $124.1 million. Considering its high debt level, the company's cash and cash equivalents (unrestricted) of $116.1 million do not look impressive. How Does the Zacks Consensus Estimate Compare for PLUG & FCEL? The Zacks Consensus Estimate for PLUG's 2025 sales is $709.3 million, implying year-over-year growth of 12.8%. The consensus estimate for its bottom line is pegged at a loss of 59 cents per share. The Zacks Consensus Estimate for FCEL's fiscal 2025 (ending October 2025) sales is approximately $144.6 million, indicating growth of 28.9% year over year. Estimates for its bottom line are pegged at a loss of $6.22 per share. Price Performance and Valuation of PLUG & FCEL In the past three months, Plug Power's shares have surged 91.8%, while FuelCell Energy stock has gained 37.4%. From a valuation standpoint, Plug Power is trading at a forward price-to-earnings ratio of a negative 4.13X. In comparison, FuelCell Energy's forward earnings multiple currently sits at a negative 1.06X. Conclusion Plug Power and FuelCell Energy have a Zacks Rank #3 (Hold) each, which makes choosing one stock a difficult task. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. FuelCell Energy's strength in the fuel cell market and solid backlog level have been diluted by rising costs and expenses, which have been denting its profitability. While PLUG's negative gross margins and cash outflows remain a near-term concern, its strong foothold in the green hydrogen market and growth investments are likely to be beneficial in the long run. Additionally, PLUG's Quantum LEAP initiative and strong sales estimates instill investor confidence. Given these factors, PLUG seems a better choice for investors than FCEL currently. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plug Power, Inc. (PLUG): Free Stock Analysis Report FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report Olin Corporation (OLN): Free Stock Analysis Report
Yahoo
7 days ago
- Business
- Yahoo
GoDaddy's Q2 2025 Earnings: What to Expect
Tempe, Arizona-based GoDaddy Inc. (GDDY) designs and develops cloud-based products in the United States and internationally. With a market cap of $24 billion, the company operates in two segments: Applications and Commerce (A&C) and Core Platform (Core). The company is expected to release its Q2 2025 earnings on Thursday, August 7, after the market closes. Ahead of this event, analysts project GDDY to report earnings of $1.34 per share, which represents a 21.8% growth from $1.10 in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters, while missing on two other occasions. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer This High-Yield Dividend Stock (8.3%) Has Analysts Saying 'Strong Buy' — Should You? Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts forecast GDDY to report an EPS of $5.69, marking a 17.3% increase from $4.85 reported in fiscal 2024. Moreover, in fiscal 2026, its earnings are expected to grow 27.8% year-over-year to $7.27 per share. GDDY stock has grown 15.1% over the past 52 weeks, outperforming the Technology Select Sector SPDR Fund's (XLK) 14.5% surge and the S&P 500 Index's ($SPX) 13.4% uptick during the same time frame. On May 1, GDDY shares grew 2.1% following the release of its Q1 earnings. The cloud-based technology products developer posted revenue of $1.19 billion in the period, matching Street forecasts. However, its adjusted EPS for the quarter was $1.27, falling short of the consensus estimate by 5.9%. Looking ahead, the company expects full-year revenue in the range of $4.86 billion to $4.94 billion. Analysts' consensus view on GDDY is moderately optimistic, with an overall "Moderate Buy" rating. Out of 18 analysts covering the stock, opinions include nine "Strong Buys," one 'Moderate Buy,' and eight "Holds.' Its mean price target of $217.88 suggests a 28.6% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
21-07-2025
- Business
- Globe and Mail
Walker & Dunlop Announces Second Quarter 2025 Earnings Conference Call Details
Walker & Dunlop, Inc. announced today that it will release its second quarter 2025 results before the market opens on August 7, 2025. The Company will host a conference call to discuss the quarterly results on August 7, 2025, at 8:30 a.m. Eastern time. Listeners can access the call by dialing (888) 394-8218 from within the United States or (773) 305-6853 from outside the United States and are asked to reference the Confirmation Code: 1660785. A simultaneous webcast of the call will be available via the link below: A webcast replay will be available on the Investor Relations section of the Company's website at About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
Yahoo
20-07-2025
- Business
- Yahoo
Howmet vs. General Dynamics: Which Aerospace & Defense Stock Should You Bet On?
Howmet Aerospace Inc. HWM and General Dynamics Corporation GD are two prominent names operating in the aerospace and defense industry. As rivals, both companies are engaged in producing highly engineered aircraft components for commercial and military aircraft in the United States and companies have been enjoying significant growth opportunities in the aerospace and defense space on account of the improving air traffic trend and the expansionary U.S. budgetary policy in the past couple of years. But which one is a better investment today? Let's take a closer look at their fundamentals, growth prospects and challenges to make an informed choice. The Case for Howmet The strongest driver of Howmet's business at the moment is the commercial aerospace market. Persistent strength in air travel has been driving demand for wide-body aircraft, supporting continued OEM spending. Pickup in air travel has been positive for the company as the increased usage of aircraft spurs spending on parts and products that it provides. Revenues from the commercial aerospace market increased 9% year over year in first-quarter 2025, constituting 52% of its business. The sustained strength was attributed to new, more fuel-efficient aircraft with reduced carbon emissions and increased spare demand for the commercial aerospace market has remained a major driver for the company, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. The company has been witnessing robust orders for engine spares for the F-35 program and spares and new builds for legacy the first quarter, revenues from the defense aerospace market increased 19% year over year, constituting 17% of the company's revenues. Improved budgetary provisions from the U.S. government set the stage for Howmet, focused on defense business, to win more contracts, which is likely to boost its top company also remains committed to increasing shareholder value through dividend payouts and share repurchases. In the first three months of the year, it paid dividends worth $42 million and repurchased shares for $125 million. In January 2025, the company hiked its quarterly dividend by 25% to 10 cents per share. Also, in July 2024, its board approved an increase in the share repurchase program by $2 billion to $2.487 billion of its common the positives, HWM has been subject to continued weakness in the commercial transportation market over the past few quarters. Demand in the commercial transportation markets served by the Forged Wheels segment is expected to remain soft till the second half of the year due to lower OEM builds. The Case for General Dynamics General Dynamics had an impressive backlog of $88.66 billion at the end of the first quarter of 2025, driven by a strong order inflow. The estimated contract value, which combines the total backlog with the potential contract value, totaled $141.33 billion at the end of the quarter. The strength of the order flow was driven by strong demand across the company's product and services from its well-established domestic market, the company enjoys significant overseas opportunities across multiple nations, particularly in Europe, for its Land Systems unit's products. In first-quarter 2025, it witnessed robust demand for its combat system products, with particular strength in U.S. fiscal budgets have played a key catalyst for the growth of General Dynamics' Marine Systems business. Notably, in May 2025, a White House report published that U.S. President Trump proposed an increase in the nation's defense spending (to $1.01 trillion) for fiscal 2026. This should bode well for GD with its strong presence in the defense shipbuilding the global supply-chain disorder plagued by disruptions, delays and shortages has impacted the company. Evidently, within its Aerospace business, supply-chain challenges forced GD to ramp up production in response to strong customer demand for its aircraft and caused out-of-sequence manufacturing. This resulted in increased costs and reduced operational efficiency for General Dynamics in Dynamics' highly leveraged balance sheet also remains concerning. Its long-term debt totaled $7.26 billion exiting first-quarter 2025, while its short-term debt was $2.35 billion. The company's cash and cash equivalents amounted to $1.24 billion, which were lower than both its short-term and long-term debt. Considering its debt profile, GD holds a weak solvency position. Price Performance In the past year, Howmet shares have soared 142%, while General Dynamics stock has gained 4.1%. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HWM & GD The Zacks Consensus Estimate for HWM's 2025 sales and earnings per share (EPS) implies year-over-year growth of 8.7% and 29%, respectively. HWM's EPS estimates for both 2025 and 2026 have increased over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for GD's 2025 sales and EPS implies year-over-year growth of 5.9% and 9.9%, respectively. GD's EPS estimates have been trending northward over the past 60 days for both 2025 and 2026. Image Source: Zacks Investment Research GD's Valuation Attractive Than Howmet General Dynamics is trading at a forward 12-month price-to-earnings ratio of 18.77X, above its median of 17.48X over the last three years. Howmet's forward earnings multiple sits at 49.21X, much higher than its median of 26.09X over the same time frame. Image Source: Zacks Investment Research Final Take General Dynamics' strength in the aerospace and defense markets has been dented by the continued supply-chain challenges arising from component shortages. The company's solid momentum in domestic and international markets adds to its strength. However, its high debt profile remains a contrast, Howmet's market leadership position and strength in both commercial and defense aerospace markets provide it with a competitive advantage to leverage the long-term demand prospects in the aerospace market. Despite its steeper valuation, HWM holds robust prospects due to strong estimates, stock price appreciation and better prospects for sales and profit these factors, HWM seems to be a better pick for investors than GD currently. While HWM currently carries a Zacks Rank #2 (Buy), GD has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
18-07-2025
- Business
- Globe and Mail
Howmet vs. General Dynamics: Which Aerospace & Defense Stock Should You Bet On?
Howmet Aerospace Inc. HWM and General Dynamics Corporation GD are two prominent names operating in the aerospace and defense industry. As rivals, both companies are engaged in producing highly engineered aircraft components for commercial and military aircraft in the United States and internationally. Both companies have been enjoying significant growth opportunities in the aerospace and defense space on account of the improving air traffic trend and the expansionary U.S. budgetary policy in the past couple of years. But which one is a better investment today? Let's take a closer look at their fundamentals, growth prospects and challenges to make an informed choice. The Case for Howmet The strongest driver of Howmet's business at the moment is the commercial aerospace market. Persistent strength in air travel has been driving demand for wide-body aircraft, supporting continued OEM spending. Pickup in air travel has been positive for the company as the increased usage of aircraft spurs spending on parts and products that it provides. Revenues from the commercial aerospace market increased 9% year over year in first-quarter 2025, constituting 52% of its business. The sustained strength was attributed to new, more fuel-efficient aircraft with reduced carbon emissions and increased spare demand for engines. While the commercial aerospace market has remained a major driver for the company, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. The company has been witnessing robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters. In the first quarter, revenues from the defense aerospace market increased 19% year over year, constituting 17% of the company's revenues. Improved budgetary provisions from the U.S. government set the stage for Howmet, focused on defense business, to win more contracts, which is likely to boost its top line. The company also remains committed to increasing shareholder value through dividend payouts and share repurchases. In the first three months of the year, it paid dividends worth $42 million and repurchased shares for $125 million. In January 2025, the company hiked its quarterly dividend by 25% to 10 cents per share. Also, in July 2024, its board approved an increase in the share repurchase program by $2 billion to $2.487 billion of its common stock. Despite the positives, HWM has been subject to continued weakness in the commercial transportation market over the past few quarters. Demand in the commercial transportation markets served by the Forged Wheels segment is expected to remain soft till the second half of the year due to lower OEM builds. The Case for General Dynamics General Dynamics had an impressive backlog of $88.66 billion at the end of the first quarter of 2025, driven by a strong order inflow. The estimated contract value, which combines the total backlog with the potential contract value, totaled $141.33 billion at the end of the quarter. The strength of the order flow was driven by strong demand across the company's product and services portfolio. Apart from its well-established domestic market, the company enjoys significant overseas opportunities across multiple nations, particularly in Europe, for its Land Systems unit's products. In first-quarter 2025, it witnessed robust demand for its combat system products, with particular strength in Europe. The U.S. fiscal budgets have played a key catalyst for the growth of General Dynamics' Marine Systems business. Notably, in May 2025, a White House report published that U.S. President Trump proposed an increase in the nation's defense spending (to $1.01 trillion) for fiscal 2026. This should bode well for GD with its strong presence in the defense shipbuilding industry. However, the global supply-chain disorder plagued by disruptions, delays and shortages has impacted the company. Evidently, within its Aerospace business, supply-chain challenges forced GD to ramp up production in response to strong customer demand for its aircraft and caused out-of-sequence manufacturing. This resulted in increased costs and reduced operational efficiency for General Dynamics in 2024. General Dynamics' highly leveraged balance sheet also remains concerning. Its long-term debt totaled $7.26 billion exiting first-quarter 2025, while its short-term debt was $2.35 billion. The company's cash and cash equivalents amounted to $1.24 billion, which were lower than both its short-term and long-term debt. Considering its debt profile, GD holds a weak solvency position. Price Performance In the past year, Howmet shares have soared 142%, while General Dynamics stock has gained 4.1%. The Zacks Consensus Estimate for HWM & GD The Zacks Consensus Estimate for HWM's 2025 sales and earnings per share (EPS) implies year-over-year growth of 8.7% and 29%, respectively. HWM's EPS estimates for both 2025 and 2026 have increased over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for GD's 2025 sales and EPS implies year-over-year growth of 5.9% and 9.9%, respectively. GD's EPS estimates have been trending northward over the past 60 days for both 2025 and 2026. GD's Valuation Attractive Than Howmet General Dynamics is trading at a forward 12-month price-to-earnings ratio of 18.77X, above its median of 17.48X over the last three years. Howmet's forward earnings multiple sits at 49.21X, much higher than its median of 26.09X over the same time frame. Image Source: Zacks Investment Research Final Take General Dynamics' strength in the aerospace and defense markets has been dented by the continued supply-chain challenges arising from component shortages. The company's solid momentum in domestic and international markets adds to its strength. However, its high debt profile remains a constraint. In contrast, Howmet's market leadership position and strength in both commercial and defense aerospace markets provide it with a competitive advantage to leverage the long-term demand prospects in the aerospace market. Despite its steeper valuation, HWM holds robust prospects due to strong estimates, stock price appreciation and better prospects for sales and profit growth. Given these factors, HWM seems to be a better pick for investors than GD currently. While HWM currently carries a Zacks Rank #2 (Buy), GD has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
