SVF Investment Corp
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Company profile

SVF Investment Corp is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not identified any business combination. The Company intends to identify, acquire and manage a business in a technology-enabled sector but are not limited to, mobile communications technology, artificial intelligence, robotics, cloud technologies, software broadly, computational biology and other data-driven business models, semiconductors and other hardware, transportation technologies, consumer Internet and financial technology.

Closing Price
$9.80
Day's Change
0.03 (0.31%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.80
Day's Low
9.76
Volume
(Light)
Volume:
60,623

10-day average volume:
365,105
60,623

FuelCell stock sinks after wider-than-expected loss, surprise revenue decline

7:49 am ET June 10, 2021 (MarketWatch)
Print

Shares of FuelCell Energy Inc. (FCEL) sank 7.1% in premarket trading Thursday, after the maker of fuel cell technology platforms reported a wider-than-expected fiscal second-quarter loss as revenue surprisingly declined and the company continued to increase investment into research and development. For the quarter ending April 30, the net loss was $19.7 million, or 6 cents a share, after a loss of $15.6 million, or 7 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 5 cents. Revenue fell 26% to $13.95 million from $18.88 million, while the FactSet consensus was for a slight increase to $18.91 million. While revenue fell, cost of revenue held steady at about $18.71 million, leading to a gross loss of $4.76 million after a gross profit of $167,000 last year, as no new module exchanges took place during the quarter and given higher costs related to efforts to improve fleet performance. Backlog decreased 1.5% to $1.32 billion. "We are firmly committed to achieving revenue growth by bringing projects online this year and positioning our portfolio to meet the significant market opportunities that our proprietary technology solutions are well positioned to solve," said Chief Executive Jason Few. The stock has tumbled 30.8% over the past three months through Wednesday, while the S&P 500 has gained 8.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

June 10, 2021 07:49 ET (11:49 GMT)

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