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.

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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 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.

FuelCell Energy Reports Second Quarter of Fiscal 2024 Results

In the clean energy space, FuelCell Energy (NASDAQ: FCEL ) has certainly been what many would characterize as a laggard. Shares of FCEL stock are down more than 35% on a year-to-date basis alone, and much more from its recent peak.

Why Is FuelCell Energy (FCEL) Stock Up 10% Today?

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world's largest fuel cell power platform, located in Hwaseong-si.

FuelCell Energy and Gyeonggi Green Energy Announce Agreement for Purchase of Fuel Cell Modules and Service Agreement for World's Largest Fuel Cell Power Platform

DANBURY, Conn., May 22, 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 second quarter of fiscal 2024 results prior to the Stock Market Open on Monday, June 10, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update.

FuelCell Energy Announces Second Quarter of Fiscal 2024 Results Conference Call on June 10, 2024 at 10 A.M. Eastern Time

Bloom Energy

Plug Power

Plug Power's $1.7 billion conditional loan guarantee was bullish for the industry overall. It didn't hurt that traders pushed high-volatility stocks higher this week, and several stocks experienced short squeezes.

Why Hydrogen Stocks Skyrocketed Higher This Week

Clean Energy Fuels

The U.S. Department of Energy has agreed to guarantee $1.66 billion in loans to Plug Power. Investors appear to be buying FuelCell Energy, Bloom Energy, and Clean Energy Fuels in hopes they'll receive federal support too.

Why FuelCell Energy, Bloom, and Clean Energy Fuels Rose Today

Popular speculative enterprise FuelCell Energy (NASDAQ: FCEL ) — which specializes in fuel cell and electrolysis platforms for the decarbonization of power and the production of hydrogen — saw its shares pop on no company-specific news. Instead, the return of the meme-trading phenomenon has likely catapulted FCEL stock.

FuelCell Energy (FCEL) Stock Pops as Investors Eye Short Squeeze Targets

Nikola

Sunnova Energy International Inc

Earnings have been disappointing, and if the cash burn continues, these companies will be unsustainable. Falling stock prices can be a downward spiral for companies that need capital to stay afloat.

Why Clean Energy Stocks Collapsed This Week

Ginkgo Bioworks Holdings

Paramount Global

The stock market has been on an incredible run over the past year with tech and growth stocks surging. Traders have piled into many fast-moving companies in hopes of locking in quick trading gains.

3 Meme Stocks to Sell in May Before They Crash & Burn

Jaguar Health

There's the age-old adage, “You have to spend money to make money.” But then again, what if you could spend pennies and get back dollars?

Want $10,000? Invest $1,000 in These 3 Penny Stocks Now

LONG BEACH, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Toyota Motor North America, Inc. (Toyota) are celebrating the grand opening of the first-of-its-kind “Tri-gen” system at the Port of Long Beach, California, today. Tri-gen uses biogas to produce renewable electricity, renewable hydrogen, and usable water, and was built to support the vehicle processing and distribution center for Toyota Logistics Services (TLS) at Long Beach, Toyota's largest North American vehicle processing facility that receives approximately 200,000 new Toyota and Lexus vehicles annually.

FuelCell Energy and Toyota Motor North America Celebrate Launch of World's First "Tri-gen" Production System at the Port of Long Beach

Toyota Motor

FuelCell Energy's Tri-gen technology produces three products: renewable electricity, renewable hydrogen, and usable water Marks Toyota's first port vehicle processing facility in the world to be powered by onsite-generated, 100 percent renewable electricity Both light-duty and Class 8 heavy-duty fuel cell electric vehicles have been fueled using Tri-gen generated renewable hydrogen LONG BEACH, Calif. , May 2, 2024 /PRNewswire/ -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Toyota Motor North America, Inc. (Toyota) are celebrating the grand opening of the first-of-its-kind "Tri-gen" system at the Port of Long Beach, California, today.

FuelCell Energy and Toyota Motor North America Celebrate Launch of World's First 'Tri-gen' Production System at the Port of Long Beach

Ballard Power Systems

Equities related to the once-burgeoning hydrogen market are largely worth avoiding in 2024. The demand for renewable energy, especially one as expensive to produce and transport as hydrogen, has been rather for well over a year.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Hydrogen Stocks

The next-generation energy solutions developer nailed down several new sources of financing. These are debt facilities provided by a pair of banks.

Why Investors Were Energized by FuelCell Energy Stock Today

Plug Power's hydrogen plants are running at full capacity in two states, with a third on the way. Full capacity production could generate $500 million-plus in annual liquid hydrogen sales for Plug Power.

Why Plug Power, Bloom Energy, and FuelCell Energy Stocks All Popped Today

Exxon Mobil

FuelCell Energy (NASDAQ: FCEL ) just announced an updated and extended joint development agreement with Exxon Mobil's (NYSE: XOM ) technology and engineering unit. The expanded deal centers on carbon fuel-cell technology which captures carbon dioxide emissions from industrial sources while “simultaneously generating electricity and hydrogen.

FCEL Stock: FuelCell Just Expanded Its Exxon Mobil Deal

DANBURY, Conn., March 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) is pleased to announce that Chief Technology Officer Tony Leo and Director of Solutions Engineering Brent Voelker will participate in sessions at Innovation Agora as part of the 2024 CERAWeek Conference taking place in Houston, Texas, this week.

FuelCell Energy Innovators to Highlight Advanced Clean Technologies at CERAWeek 2024

Although the revenue and EPS for FuelCell Energy (FCEL) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for FuelCell Energy Stock (FCEL)