FuelCell Energy

FuelCell Energy, Inc. engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. It provides solutions for various applications, including utility-scale distributed generation, on-site power generation, combined heat and power, distributed hydrogen, carbon capture and hydrogen-based long duration storage. The company's platform has the differentiating ability to do all these applications utilizing multiple sources of fuel including natural gas, renewable biogas, and propane among others sources. The company was founded in 1969 and is headquartered in Danbury, CT.

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FuelCell Energy reports revenue growth and cost management strategies

FuelCell Energy showed revenue growth and improved financial performance in Q1 2023, with a strong cash position.
Diversified revenue streams and cost management efforts are key strengths for the company.
Challenges include backlog reduction, R&D spending, and cost increases in certain contracts.
Opportunities lie in expansion plans, operational efficiencies, and clean energy initiatives for future growth.

FuelCell Energy reports strong revenue growth amidst financial challenges

FuelCell Energy reported strong revenue growth in Q2 2023 but faced financial challenges with a net loss and negative adjusted EBITDA. The company's focus on service agreements, key projects, and collaborations with Chart Industries positions it well for future growth.
While operational challenges like margin impacts and backlog decrease exist, FuelCell Energy has opportunities in distributed power generation, carbon capture solutions, and strategic partnerships. The commitment to executing the Powerhouse business strategy underscores a long-term growth outlook.
To address challenges and leverage opportunities, FuelCell Energy needs to manage financial performance, project delivery, and operational efficiency effectively. The company's emphasis on innovation, market expansion, and customer engagement will be critical for sustained success in the industry.

FuelCell Energy reports Q3 revenue decline but eyes global growth

FuelCell Energy is navigating challenges with declining revenues but maintains a strong cash position and strategic partnerships for growth.
The company's focus on renewable fuel solutions and legislative support worldwide aligns with its long-term growth strategy.
Despite facing uncertainties, FuelCell Energy remains optimistic about leveraging opportunities in global markets and maximizing benefits through tax credits and partnerships.

FuelCell Energy reports Q4 results, eyes EBITDA positivity and growth

FuelCell Energy's Q4 2023 performance reflects a decrease in revenues and a net loss, but the company maintains a strong cash position and is focused on achieving EBITDA positivity through project milestones and technology advancements.
While facing challenges in backlog reduction and lack of specific financial guidance, FuelCell Energy is capitalizing on strengths in carbon capture technology, solid oxide electrolysis, and operational efficiency to drive future growth.
Opportunities lie in planned investments, partnerships with ExxonMobil, advancements in clean energy solutions, and market expansion in Korea and hydrogen hubs, positioning FuelCell Energy for long-term success in the evolving energy landscape.
By addressing challenges, leveraging strengths, and seizing opportunities, FuelCell Energy aims to navigate uncertainties, drive innovation, and enhance market competitiveness to deliver sustainable value to stakeholders and investors.

FuelCell Energy reports Q1 revenue growth but faces cost challenges

FuelCell Energy's Q1 2024 performance reflects revenue generation but highlights the need for cost management to address significant net losses.
The company's strengths lie in its focus on clean energy solutions, solid oxide technology, and successful project execution, positioning it for future growth.
While facing challenges in cost management and funding uncertainties, FuelCell Energy has opportunities in Korea, technological advancements, and market expansion to drive revenue and innovation.

FuelCell Energy reports Q2 revenue growth and focuses on carbon capture opportunities

FuelCell Energy's Q2 2024 performance showcased revenue growth, strong cash position, and strategic cost management. Despite challenges with net loss and higher depreciation, the company emphasized technological advancements and partnerships. Opportunities lie in carbon capture applications, data center projects, and scaling the existing platform for future growth.

FuelCell Energy doubles revenue in Q4 2024, eyes growth

FuelCell Energy delivered strong financial performance in Q4 2024, doubling revenue year-over-year and ending with a solid cash position.
The company's strategic focus on core technologies and key growth areas like data centers and grid resiliency bodes well for future growth.
While facing challenges in maintaining margins and managing capacity, FuelCell Energy is poised to capitalize on opportunities in high-demand sectors.
Investors should take note of the company's positive outlook for fiscal year 2025, driven by expected revenue growth from key partnerships.

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FuelCell Energy, Inc. engages in the business of developing, designing, producing, constructing, and servicing high temperature fuel cells for clean electric power generation. It operates through the following geographical segments: the United States, South Korea, and Europe. The company was founded by Bernard Baker and Martin G. Klein in 1969 and is headquartered in Danbury, CT.

FuelCell Energy, Inc. (NASDAQ:FCEL ) Q3 2024 Results Earnings Conference Call September 5, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance and Investor Relations Jason Few - President and Chief Executive Officer Michael Bishop - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Ryan Pfingst - B. Riley Securities Saumya Jain - UBS Noel Parks - Touhy Brothers Jeffrey Campbell - Seaport Research Partners Operator Thank you for standing by and welcome to the FuelCell Energy Third Quarter of Fiscal 2024 Financial Results Conference Call.

FuelCell Energy, Inc. (FCEL) Q3 2024 Earnings Call Transcript

FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.06 per share a year ago.

FuelCell Energy (FCEL) Reports Q3 Loss, Tops Revenue Estimates

(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 million Gross loss of $(6.2) million compared to $(8.2) million Loss from operations of $(33.6) million compared with $(41.4) million Net loss per share was $(0.07) compared with $(0.06) which included a $0.04 one-time debt extinguishment benefit in the third quarter of 2023 DANBURY, Conn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its third quarter ended July 31, 2024.

FuelCell Energy Reports Third Quarter of Fiscal 2024 Results

DANBURY, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced its participation in a discussion on “Scaling Critical Technologies in Hydrogen Production” at Investing in Green Hydrogen 2024 (IGH2024). IGH2024 on Sept. 2-3, 2024, at the Queen Elizabeth II Centre in London.

FuelCell Energy Participates in Panel Discussion on Scaling Technologies in Hydrogen Production at Investing in Green Hydrogen 2024

DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update.

FuelCell Energy Announces Third Quarter of Fiscal 2024 Results Conference Call on September 5, 2024 at 10 A.M. Eastern Time

DANBURY, Conn., Aug. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc., (Nasdaq: FCEL), a global leader in sustainable energy technologies for the delivery of energy and emissions management, announced that a $5.9 million CAD grant from Natural Resources Canada's Clean Fuels Fund (CFF) will finance two projects utilizing its electrolyzer technology to produce synthetic fuel (power-to-liquid (PtL)) or “eFuel.

FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada

FuelCell Energy Inc. said Tuesday it will hold a special meeting of shareholders to ask them to vote on a proposal that will allow the fuel-cell technology company to enact a reverse stock split.

FuelCell Energy to ask shareholders to vote on another reverse stock split

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Hydrogen hopefuls, listen up! FuelCell Energy (NASDAQ: FCEL ), the Connecticut-headquartered hydrogen-production company, is absurdly underappreciated on Wall Street.

Cheap Beyond Belief: FuelCell Energy Stock Has Ridiculous Upside Potential

FuelCell Energy (NASDAQ: FCEL ) stock is getting a boost on Thursday after the company provided investors with an update on its business in the Korean market. FuelCell Energy says that its expansion into the Korean market is going well.

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Dublin, June 27, 2024 (GLOBE NEWSWIRE) -- The "Global Solid Oxide Electrolyzer Cell (SOEC) Market: Focus on Product Type, Application, and, Region - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering. The solid oxide electrolyzer cell (SOEC) market represents a pivotal segment within the broader landscape of renewable energy technologies. SOECs, a variant of Solid Oxide Fuel Cells (SOFCs), have garnered significant attention in recent years due to their potential to efficiently convert electrical energy into chemical energy, primarily in the form of hydrogen gas. This burgeoning market is characterized by a confluence of technological advancements, growing environmental consciousness, and increasing investments in clean energy infrastructure. One of the key drivers propelling the growth of the SOEC market is the pressing need to mitigate climate change by transitioning away from fossil fuels towards cleaner energy sources. SOECs offer a promising pathway to achieve this goal by enabling the production of hydrogen through electrolysis of water, a process that releases only oxygen as a byproduct, thereby circumventing greenhouse gas emissions associated with conventional hydrogen production methods. For instance, the European Union's Hydrogen Strategy aims to establish a comprehensive hydrogen value chain, fostering the deployment of SOECs for hydrogen production. Furthermore, the versatility of hydrogen as an energy carrier positions SOECs as a linchpin in the quest for decarbonization across various sectors, including transportation, industrial processes, and energy storage. As such, the demand for SOEC systems is poised to surge in tandem with the escalating adoption of hydrogen-based solutions worldwide. Key players in the energy sector are forging strategic alliances to accelerate the development and commercialization of SOEC technology. Collaborative ventures between energy companies, research institutions, and government agencies are driving innovation and enhancing the scalability of SOEC systems. For instance, in June 2023, Bloom Energy signed an agreement with Perenco, an independent oil & gas company, to deploy 2.5 megawatts (MW) of Bloom's solid oxide fuel cell technology in England. In conclusion, the Solid Oxide Electrolyzer Cell market represents a dynamic and transformative segment within the clean energy ecosystem, poised to play a pivotal role in driving the transition towards a sustainable and decarbonized future. With continued innovation, strategic partnerships, and supportive policies, SOECs are primed to emerge as a cornerstone of the global energy transition, unlocking new opportunities for economic growth and environmental stewardship.

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STORRS, Conn. and DANBURY, Conn., June 25, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and the University of Connecticut (UConn) have announced that UConn will use FuelCell Energy's solid oxide fuel cell technology for its Innovation Partnership Building (IPB) at the UConn Tech Park on its Storrs Campus.

FuelCell Energy to Help Power UConn's Innovation Drive Towards 2030 Carbon Neutrality with Solid Oxide Fuel Cells on Storrs Campus

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FuelCell Energy reported uninspiring Q2/FY2024 results with negative gross margins and significant cash burn. With open market sales remaining the company's primary funding source, relentless dilution for common shareholders continued. Subsequent to quarter-end, the company signed a $160 million long-term service agreement in Korea, which should boost revenues significantly starting in FY2025.

FuelCell Energy: Relentless Dilution Bodes Well For Preferred Stockholders

FuelCell Energy NASDAQ: FCEL is up a solid 20% following its latest earnings release on dubious news and hope. The move confirms a technical reversal in the share price, but the report's detail belies the technical outlook.

FuelCell Energy Ignites Short-Covering Rally, Don't Buy Into It

FuelCell Energy, Inc. (NASDAQ:FCEL ) Q2 2024 Earnings Conference Call June 10, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance & Investor Relations Jason Few - President & Chief Executive Officer Mike Bishop - Executive Vice President, Chief Financial Officer & Treasurer Mark Feasel - Executive Vice President & Chief Commercial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Saumya Jain - UBS Ryan Pfingst - B Riley Noel Parks - Touhy Brothers Jeffrey Campbell - Seaport Research Partners Operator Good morning. My name is Audra, and I will be your conference operator today.

FuelCell Energy, Inc. (FCEL) Q2 2024 Earnings Call Transcript

FuelCell Energy reported lower losses than forecast this morning. The fuel cell company lost only $0.07 per share, better than $0.09 per share a year ago.

Why FuelCell Energy Stock Popped 13% on Monday

FuelCell Energy (NASDAQ: FCEL ) stock is in the green despite reporting a 42% revenue drop in its fiscal second-quarter earnings. Revenue tallied in at $22.4 million compared to $38.3 million a year ago.

FCEL Stock: Why FuelCell Energy Reported a 40% Drop in Revenue

FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago.

FuelCell Energy (FCEL) Reports Q2 Loss, Tops Revenue Estimates

Shares of FuelCell Energy Inc. FCEL, -5.52% got a 0.6% lift Monday after fuel cell technology company reported a narrower-than-expected fiscal second-quarter loss, as strength in its generation and advanced technologies businesses offset a sharp drop in service agreements. The net loss for the quarter to April 30 was $32.9 million, or 7 cents a share, compared with a loss of $35.1 million, or 9 cents a share, in the same period a year ago.

FuelCell's stock gains after quarterly results beat expectations, but is still in delisting territory

Second Quarter Fiscal 2024 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 million Gross loss of $(7.1) million compared to $(6.1) million Loss from operations of $(41.4) million compared with $(35.9) million Net loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April 30, 2024.

News for FuelCell Energy Stock (FCEL)