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HUNT VALLEY, Md. - Teledyne Energy Systems, a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), successfully launched its Hydrogen Electrical Power System (HEPS) fuel cell aboard Blue Origin’s New Shepard rocket on August 23, the company announced in a press release. The $26.2 billion market cap company, which has maintained strong profitability with a 42.75% gross margin, continues to demonstrate its leadership in advanced technology solutions.
The launch was conducted through NASA’s Tipping Point opportunity and represents a significant step in advancing fuel cell technology for future lunar and deep space missions.
The HEPS system is specifically designed to provide efficient, scalable, air-independent power for lunar habitats and surface operations. According to the company, the technology can survive lunar night conditions and operate autonomously in microgravity environments.
"HEPS reflects years of R&D to deliver reliable energy for space exploration," said Barbara Stachowiak, Vice President and General Manager of Teledyne Energy Systems.
The flight tested the system’s power generation capabilities, thermal management functions, and resilience to space conditions. Data collected from this mission will help guide future integration of the technology into lunar and Mars infrastructure.
The project is managed by NASA’s Flight Opportunities program within the Space Technology Mission Directorate and will contribute to NASA’s plans for sustainable lunar exploration through missions like Artemis.
Teledyne Energy Systems specializes in fuel cell systems, hydrogen generation, and energy storage technologies for aerospace, defense, and industrial applications. The company’s stock is currently trading near its 52-week high, with analysts maintaining a strong buy consensus. For detailed financial analysis and additional insights, including 6 more exclusive ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Teledyne Technologies Incorporated reported impressive second-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $5.20, exceeding the forecasted $5.05, and reported revenue of $1.51 billion, which was above the anticipated $1.48 billion. Following these results, Needham raised its price target on Teledyne to $585.00 from $550.00, maintaining a Buy rating due to the strong quarterly performance. The company’s sales grew by 10.2%, outpacing the expected 7% growth, potentially boosted by global trade policies.
In addition to financial performance, Teledyne FLIR Defense, a division of Teledyne Technologies, opened a new office in Arlington, Virginia, near the Pentagon. The facility, called the "Crystal City Experience Center," is strategically located close to other defense contractors and key government locations. These developments reflect Teledyne’s ongoing growth and strategic positioning in the defense sector.
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