FuelCell Energy Inc. and Inuverse signed a non-binding MOU to deploy 100MW of fuel cell power at South Korea's AI Daegu Data Center. FCEL shares up 8.75%.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) announced its first quarter FY24 results, with revenues of $204.4 million and a net loss of $(1.90) per share. The company also repurchased shares and expects improvement in revenues as installations increase and new products are released.
Renewable energy sources, primarily wind, and solar power, are set to account for the majority of growth within the power sector over the coming years.
