FuelCell Energy Reported Q3 Overall Backlog Decline Of ~17.2% To $1.06B As Of July 31, 2023
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy reported a decline of approximately 17.2% in its overall backlog to $1.06 billion as of July 31, 2023.
September 11, 2023 | 11:36 am
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FuelCell Energy's Q3 backlog has decreased by about 17.2% to $1.06 billion.
A decrease in backlog can indicate a slowdown in demand for a company's products or services. This could potentially lead to lower revenues in the future, which may negatively impact the company's stock price in the short term.
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