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.

DANBURY, Conn., Oct. 08, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology – with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – today, as part of celebrating National Hydrogen and Fuel Cell Day in the United States, provides an update on its various Advanced Technologies programs. FuelCell Energy began researching and formulating its platform solutions in 1969, and has produced well over 10 million-megawatt hours of clean electricity since commercializing its first platform 17 years ago.

FuelCell Energy Celebrates National Hydrogen and Fuel Cell Day: Providing Hydrogen for Transportation, Delivering Long-Duration Energy Storage and Carbon Capture Through its Advanced Technologies Programs

DANBURY, Conn., Oct. 07, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in fuel cell technology utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy, announced that, between June 2020 and October 2020, it raised approximately US$177.35 million in gross proceeds from multiple offerings of its common stock, including both at the market and underwritten offerings. Gross proceeds are calculated before deducting sales commissions, underwriting discounts and offering expenses.

FuelCell Energy Successfully Raises Capital to Advance Business Goals

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NEW YORK, Oct. 6, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors who purchased shares of FuelCell Energy, Inc. ("FuelCell Energy" or the "Company") (NASDAQ: FCEL), a manufacturer of fuel cell power plants for electric...

Investor Alert: Kaplan Fox Investigates FuelCell Energy, Inc. For Potential Securities Fraud

Shares of FuelCell Energy Inc. FCEL, -6.43% shot up 4.8% in premarket trading Tuesday after the fuel cell technology company said that claims made by a short seller in the previous session were "misleading" and contained "factual inaccuracies."

FuelCell stock surges after saying short seller's claims contain 'factual inaccuracies'

DANBURY, Conn., Oct. 06, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) yesterday became aware of claims made by an apparent short seller about the Company that are misleading and contain factual inaccuracies. FuelCell Energy emphatically denies these claims related to its disclosures with respect to the LIPA 2 and LIPA 3 power project awards.

FuelCell Energy Disputes Misleading Claims of Short Seller

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Plug and Bloom are off to the races, but FuelCell Energy shot itself in the foot.

Why Plug Power and Bloom Energy Stocks Raced Out of the Gate on Monday, but FuelCell Energy Stock Sank

Shares in FuelCell Energy FCEL, -16.83% dropped 10% as a short-selling company, Night Market Research, alleged the company lost two contracts in its backlog and didn't disclose that in a fundraising completed last week.

FuelCell Energy shares drop as short-selling firm alleges it's lost contracts

DANBURY, Conn., Oct. 02, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) today announced completion of its previously announced underwritten public offering of 50,025,000 shares of its common stock, including the underwriters’ exercise, in full, of their option to purchase an additional 6,525,000 shares of common stock.  Gross proceeds from the offering are approximately $105,052,500, before deducting the underwriters’ discounts and offering expenses.

FuelCell Energy Announces Closing of Public Offering of 50,025,000 Shares of Common Stock

FuelCell Energy (FCEL) prices 43.5 million shares to generate gross proceeds worth $91.4 million for funding its projects and paying down certain debts. The deal is expected to close on Oct 2.

FuelCell Energy Prices Shares, To Fund Projects and Refinance

The company's secondary stock offering just got quite a bit bigger.

Why FuelCell Energy Stock Just Fell More Than 15%

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Any time there is good news that drives a stock higher, some investors know that the companies making the news may use the strength to raise additional capital. Not all secondary offerings come on the heels of good news, and sometimes companies just find themselves in need of fresh new capital.

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DANBURY, Conn., Sept.  29, 2020  (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology – with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – announces multiple project awards by the local Connecticut electric distribution companies, Eversource and United Illuminating, totaling 11.2 megawatts, as part of the state-sponsored Shared Clean Energy Facility program. Each of the four FuelCell Energy power plants to be constructed pursuant to these awards will supply 2.8 megawatts of clean power to the Connecticut electric grid. The clean baseload power generated by each FuelCell Energy 2.8 megawatt platform is enough to power approximately 3,000 homes, or a total of 12,000 homes taking into account all four FuelCell Energy platforms, with continuous clean energy.

FuelCell Energy Announces Multiple Awards to Provide Clean Energy to Northeast Power Grid

There is no comeback story for FCEL stock, as Covid-19, affordable solar power, and some of its missteps combine for a Molotov cocktail.
The post Looming Court Fights and Rocketing Debt Spells Trouble for FuelCell Stock appeared first on InvestorPlace.

Looming Court Fights and Rocketing Debt Spells Trouble for FuelCell Stock

Clean Energy Fuels

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Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on September 15.

Short Sellers Raise Stakes in Solar, Alt Energy Stocks

Tech stocks got routed, and Tesla may be to blame.

Why 3 Hydrogen Fuel-Cell Stocks Crashed Today

FCEL stock shed another 18% this summer as the company failed to stem losses. It's time for investors to sell this money-losing venture.

$1.1B In Debt Screams To Sell FuelCell Stock Before It Goes To $0

FuelCell (FCEL) earns $3 million as funding from the U.S. Department of Energy to further improve the performance level of its reversible solid oxide fuel cell system.

FuelCell Wins $3M Funding for Reversible Solid Oxide Project

Given the political climate that now strongly favors green energy, FCEL stock should be moving higher. That it isn’t is a clear warning that investors must tread carefully with FuelCell Energy.

Even as Climate Change Takes Center Stage, FuelCell Energy Doubts Remain

FCEL stock has been dropping after a poor earnings report. Unfortunately, FuelCell doesn't have any  immediate catalyts in place to reverse its fortunes.

FuelCell Investors May Be in for a Very Scary Halloween

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on August 31.

Short Sellers Jump on 2 Solar Stocks, Mostly Bypass Alt Energy

FuelCell Energy's (FCEL) third-quarter fiscal 2020 loss is wider than expected but the top line surpasses estimates.

FuelCell (FCEL) Q3 Loss Wider than Expected, Revenues Beat

FuelCell Energy, Inc. (FCEL) CEO Jason Few on Q3 2020 Results - Earnings Call Transcript

Sales beat expectations in the company's fiscal Q3, but declined. And on the bottom line, its loss was worse than expected.

Why FuelCell Energy Stock Just Slid 17%

FuelCell Energy earnings have FCEL stock hurting after the company missed Wall Street's EPS estimate and reported other rough figures.
The post FuelCell Energy Earnings: FCEL Stock Falls 16% on Mixed Q3 Figures appeared first on InvestorPlace.

News for FuelCell Energy Stock (FCEL)