Dafinchi AI

Plug Power Inc.

PLUG

Energy & Utilities

1w

Electrolyzer Sales Tripling Highlights Growing Industrial Adoption

Electrolyzer sales more than tripled from a year ago, reaching roughly $45 million in Q2 2025, indicating rapid market acceptance.
The growth underscores the increasing role of GenEco as the preferred choice for industrial-scale hydrogen applications.
Management emphasized the importance of securing early-stage agreements ahead of final investment decisions in 2026.
The robust sales funnel and project pipeline suggest a strong trajectory for electrolyzer revenue in the coming quarters.

DNOW

Energy & Utilities

2w

Record Second Quarter EBITDA at $51 Million

Second quarter EBITDA of $51 million, the best in DNOW's history as a public company.
Market activity declined sequentially and year-over-year, yet EBITDA improved 11% sequentially.
EBITDA margin reached 8.1%, surpassing the second quarter target and demonstrating earnings strength.

American States Water Company

AWR

Energy & Utilities

1w

Impact of California CPUC Rate Decisions on Earnings and Operations

The final decisions from the California Public Utilities Commission (CPUC) in January significantly increased water and electric rates for 2025-2027 and 2023-2026 respectively, positively impacting earnings.
Management highlighted that these rate decisions are expected to contribute to higher revenue and earnings stability moving forward.
The company is preparing to file its next electric rate case in early 2026 and a water rate case in July 2026, indicating ongoing regulatory engagement.
The CPUC's adoption of the Monterey-Style Water Revenue Adjustment Mechanism (MRAM) introduces a new rate adjustment approach that could influence future revenue volatility.

Avista Corporation

AVA

Energy & Utilities

2w

Impact of Clean Technology Valuation Losses on Earnings

Valuations of clean technology-focused funds declined significantly due to shifts in public policy and sentiment.
Valuation losses in Q2 impacted earnings by $0.12 per diluted share.
Losses are linked to uncertainties around tariffs and the tax reconciliation bill.
Valuations reached their lowest point around the end of Q1, with some strategic value expected long-term.

Shoals Technologies Group, Inc.

SHLS

Energy & Utilities

2w

Record Backlog and Strong Order Momentum Driving 2025 Growth Outlook

Shoals reported a record backlog and awarded orders (BLAO) of $671.3 million, with $540.3 million scheduled for shipment in the next 4 quarters through Q2 2026.
The company’s backlog and order flow support an increased revenue guidance for 2025, now projected between $450 million and $470 million, with a 37.9% sequential increase in Q2 and a 11.7% year-over-year growth.
Management emphasizes that despite industry volatility, demand fundamentals remain strong, driven by utility-scale solar, AI, data centers, and onshoring trends.

Helix Energy Solutions Group, Inc.

HLX

Energy & Utilities

3w

Impact of Regulatory Docking and Market Conditions on Q2 Results

Q2 results were negatively impacted by regulatory docking of the Q5000 and Q4000, and market conditions in the UK leading to warm stacking of the Seawell.
Deferred mobilization days shifted revenues into the next quarter, affecting revenue and profitability.
Despite these challenges, the company maintained strong cash and liquidity, with $320 million in cash and $375 million in liquidity at quarter end.

GWH

Energy & Utilities

5d

Financial Performance Summary

Adjusted EBITDA improved nearly 60% compared to Q2 of last year, showing operational leverage.
Cash and cash equivalents improved to $7.2 million by end of July, up from Q2 end.
GAAP cost of revenues decreased 15% quarter-over-quarter, reflecting improved cost control.
GAAP revenue of $2.4 million in Q2 2025, a 294% increase from Q1 2025 driven by final deliveries of Energy Warehouses and Energy Centers.
Net loss improved by 50% year-over-year, indicating progress toward profitability.
Operating expenses fell 35% quarter-over-quarter due to cost reduction efforts and rightsizing.
Secured up to $31 million in new capital, including a $25 million Standby Equity Purchase Agreement (SEPA).