Business
Power reserve declines due to revenue shortfall
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shares fell on Friday after the fuel cell company said its annual revenue would be lower than expected because of supply chain issues.
Revenue for 2022 will be 5% to 10% lower than the $900 million to $925 million that management predicted on Aug. 10 during a call with investors to discuss
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second quarter earnings. The shortfall is because “some larger projects are likely to be completed in 2023 rather than 2022 due to timing issues and broader supply chain,” the company said. speak.