I am going to wait for a transcript before sharing my thoughts. To say these results are sub-optimal would be an understatement.
I am still holding on in the hopes of a “bounce-back” in clean energy demand. I am patiently waiting for electrolyzers to go from small batch manufacturing (low double digits quarterly) to mass production, and for fuel cell module production to further increase from here (I think it’s 814 for hot boxes in Q1). There’s also the potential of orders from Fluence (energy storage systems).
Everything else outside of clean energy will be a bonus for me.
I don’t want to see dreams of 200 cr+ in Q2 just yet. I want to see some solid order wins and execution first.
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