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.

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.

FuelCell Energy (FCEL) Reports Q1 Earnings: What Key Metrics Have to Say

FuelCell Energy posts a narrower-than-expected fiscal first-quarter loss.

FuelCell Energy's Revenue Drops More Than Expected

First Quarter Fiscal 2024 Financial Summary (All comparisons are year-over-year unless otherwise noted)

FuelCell Energy Reports First Quarter of Fiscal 2024 Results

DANBURY, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, March 7, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 7, 2024, to discuss the results and provide a business update.

FuelCell Energy Announces First Quarter of Fiscal 2024 Results Conference Call on March 7, 2024 at 10 A.M. Eastern Time

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DANBURY, Conn., Feb. 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global energy delivery and emission management company, today announced the release of its 2023 Annual Report and its 2023 Sustainability Report. These reports reflect the company's ongoing commitment to accountability and sustainability in all aspects of its operations.

FuelCell Energy Announces Release of Annual and Sustainability Reports Highlighting Business Performance and Progress Towards Sustainability and ESG Goals

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The hydrogen economy continues to emerge, making hydrogen stocks highly attractive to investors. Hydrogen is expected to work in tandem with renewable electricity to decarbonize hard-to-reach sectors.

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As FuelCell (NASDAQ: FCEL ) has battled difficult market forces and short squeeze speculation, a major institutional investor has been trimming its stake. BlackRock (NYSE: BLK ) has reported via a regulatory filing dated Jan. 26, 2024, that it ended 2023 with 35,027,576 shares after previously reporting 41,616,185 shares at the end of the third quarter of 2023.

BlackRock Cut Its Stake in FuelCell Energy (FCEL) Stock

It hasn't exactly been a good start to the year for FuelCell Energy (NASDAQ: FCEL ), as shares of the company have shed 21% year-to-date (YTD), bringing its year-over-year (YOY) loss to 66%. Meanwhile, FuelCell has remained quiet, with its last press release published on Dec. 19 detailing its fourth-quarter and 2023 full-year earnings.

Is a Giant Short Squeeze Brewing in FuelCell (FCEL) Stock?

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The price action in FuelCell Energy NASDAQ: FCEL is down sharply following a weak report, but this could be setting up a solid buying opportunity for penny stock traders. The company's weak results are offset by business advancements that set it up for revenue growth in 2024.

FuelCell Energy could be turning a corner

FuelCell Energy, Inc. (FCEL) Q4 2023 Earnings Call Transcript

FuelCell Energy (NASDAQ:FCEL) shares traded lower after the fuel cell technology company reported mixed results for the fourth quarter. It reported a 43% drop in revenue from $39.2 million in the year-ago quarter to $22.5 million, while it narrowed its gross loss from $15.2 million or $0.11 per share to a loss of $1.46 million or $0.07 per share.

FuelCell Energy shares slip on mixed 4Q earnings report

While the top- and bottom-line numbers for FuelCell Energy (FCEL) give a sense of how the business performed in the quarter ended October 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

FuelCell Energy (FCEL) Reports Q4 Earnings: What Key Metrics Have to Say

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 $0.11 per share a year ago.

FuelCell Energy (FCEL) Reports Q4 Loss, Misses Revenue Estimates

FuelCell reports fiscal fourth-quarter revenue of $22.5 million, down from $39.2 million a year earlier.

FuelCell Energy Stock Falls as Revenue Drops 43%

Shares of FuelCell Energy Inc. FCEL, -0.65% fell 2% in premarket trading Tuesday, after the fuel cell technology company reported fiscal fourth-quarter revenue that fell short of expectations, as product revenue dropped. Net losses for the quarter to Oct. 31 narrowed to $31.2 million, or 7 cents a share, from $43.3 million, or 11 cents a share, in the year-ago period.

FuelCell's stock falls after revenue falls short of expectations

Fourth Quarter Fiscal 2023 Financial Highlights (All comparisons are year-over-year unless otherwise noted)

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results

FuelCell Energy has a new kind of fuel cell that could help in carbon capture. Green energy enthusiasts were excited about the news this morning, but excitement is waning in the afternoon.

Why FuelCell Stock Popped 15% This Morning -- Then Dropped

FuelCell Energy (NASDAQ:FCEL) stock is up on Monday after the fuel cell energy company announced plans to build a pilot plant with Exxon Mobil (NYSE:XOM). FuelCell Energy will work alongside Exxon Mobile to build this pilot plant at affiliate Esso Nederland's Rotterdam Manufacturing Complex.

Why Is FuelCell Energy (FCEL) Stock Up 4% Today?

Exxon Mobil's affiliate, Esso Nederland BV, plans to build a pilot plant to test a type of technology that could reduce CO2 emissions.

FuelCell Stock Soars After Exxon Mobil Tie-Up. How They Plan to Cut Carbon.

Shares of FuelCell Energy Inc. FCEL, -1.28% shot up 16.2% toward a four-month high in premarket trading Monday, after the fuel cell technology company said ExxonMobil Corp.'s XOM, -0.67% affiliate in the Netherlands plans to build a plant to test technology developed with FuelCell to reduce carbon dioxide emissions. If demonstrations of the technology are successful, ExxonMobil could deploy the technology worldwide.

News for FuelCell Energy Stock (FCEL)