Financial PerformanceRevenue is forecasted to be well below consensus, and there is risk to FY guidance of $1.5B, even with the potential boost from safe-harboring.
Market UncertaintyThe stationary fuel cell and green hydrogen markets remain in their early stages, with the initial excitement following the IRA beginning to fade and large-scale project announcements becoming less certain.
Transparency ConcernsUncertainty on backlog and minimal transparency around SK.