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.

Hydrogen fuel cell manufacturer FuelCell Energy is set to benefit materially from the recently passed Inflation Reduction Act. Whilst the company's profitability is poor, it has a large cash and equivalents position that is backstopped by an ongoing at-the-market offering program.

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FuelCell Energy (FCEL) posts wider-than-expected fiscal Q3 loss. FCEL's backlog remains strong and the company continues to deliver modules and meet customer needs through clean energy generation.

FuelCell (FCEL) Q3 Loss Wider Than Expected, Sales Beat

FuelCell Energy, Inc. (NASDAQ:FCEL ) Q3 2022 Results Conference Call September 8, 2022 10:00 AM ET Company Participants Tom Gelston - SVP, Finance and IR Jason Few - President and CEO Mike Bishop - EVP and CFO Mike Lisowski - EVP and COO Conference Call Participants Colin Rusch - Oppenheimer Chris Souther - B Riley Eric Stine - Craig-Hallum Noel Parks - Tuohy Brothers Operator Good day. My name is Chantelle, and I will be your conference operator today.

FuelCell Energy, Inc. (FCEL) Q3 2022 Earnings Call Transcript

Source: Alexander Kirch / Shutterstock.com Hydrogen stocks are on the move Thursday as a couple of bits of news have shares rising and falling. Let's start with the positive, which comes from Plug Power (NASDAQ: PLUG ).

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The company posted a wider loss than expected in its fiscal third quarter.

FuelCell Reports Strongest Quarterly Revenue in 5 Years. The Stock Is Still Falling.

Shares of FuelCell Energy Inc. sank 4.0% in premarket trading Thursday, after the maker of fuel cell technology platforms reported fiscal third-quarter losses that more than doubled and were wider than expected, but revenue that soared above forecasts.

FuelCell stock sinks after net loss more than doubles and was wider than expected

Third Quarter Fiscal 2022 Financial Highlights (All comparisons are year-over-year unless otherwise noted)

FuelCell Energy Reports Third Quarter of Fiscal 2022 Results

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FuelCell Energy's (FCEL) third-quarter fiscal 2022 earnings are likely to have benefited from the execution of projects and recurring revenues from long-term contracts.

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DANBURY, Conn., Sept. 01, 2022 (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 third quarter of fiscal year 2022 results prior to the Stock Market Open on Thursday, September 8, 2022. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 8, 2022 to discuss the third quarter results for fiscal 2022.

FuelCell Energy Announces Third Quarter of Fiscal Year 2022 Results Conference Call on September 8, 2022 at 10 A.M. Eastern Time

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Fuel cell energy stocks have been in the news for a recently announced tax credit low carbon hydrogen by the U.S. government. The new tax credit is part of the Inflation Reduction Act (IRA) and could become a major needle-mover for the sector.

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Today, investors are intensely focusing in on hydrogen stocks. A range of hydrogen-related companies are surging, with Plug Power (NASDAQ: PLUG ) and FuelCell Energy (NASDAQ: FCEL ) each gaining around 10% at their intraday highs.

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Fuel cell energy stocks have been making headlines during the summer. The industry is likely to substantially benefit from the recently signed Inflation Reduction Act, which “includes support for hydrogen through a new tax credit that will award up to $3/kg for low carbon hydrogen.

Rating the Top 3 Fuel Cell Energy Stocks Following Q2 Earnings

DANBURY, Conn., Aug. 16, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. , (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen to enable a world empowered by clean energy – celebrates the passage of the Inflation Reduction Act of 2022 (IRA) that was passed by Congress and signed by President Biden today. This legislation represents the most significant investment in the nation's clean energy future.

FuelCell Energy Applauds the Passage of the Inflation Reduction Act: Historic Legislation to Invest in the United States' Clean Energy Future and to Support Domestic Manufacturing

Our theme of Hydrogen Economy Stocks, which includes the stocks of U.S. listed companies that sell hydrogen fuel cells, related renewable energy equipment, and supply hydrogen gas, has seen a solid rally in recent months, rising by almost 40% since our last update in late June.

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A number of popular hydrogen stocks are enjoying strong early growth in the markets today. The likes of Plug Power (NASDAQ: PLUG ), FuelCell Energy (NASDAQ: FCEL ) and Bloom Energy (NYSE: BE ) are each up slightly on an otherwise dreary day for stocks.

Why Are Hydrogen Stocks PLUG, BE, FCEL Powering Up Today?

Today, a host of hydrogen stocks are seeing impressive buying pressure materialize. Interestingly, the moves investors are seeing in FuelCell Energy (NASDAQ: FCEL ), Bloom Energy (NYSE: BE ) and Plug Power (NASDAQ: PLUG ) come despite rather underwhelming earnings.

Why Are Hydrogen Stocks FCEL, BE, PLUG Up Today?

DANBURY, Conn., Aug. 09, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. , (Nasdaq: FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power, and producing hydrogen to enable a world empowered by clean energy, today announced that company President and CEO, Jason Few, will present at the Canaccord Genuity 42nd Annual Growth Conference on Thursday, Aug, 11, 2022 at approximately 12:30 p.m. ET.

FuelCell Energy CEO Jason Few to Present at the Canaccord Genuity 42nd Annual Growth Conference

Senate passage of the Inflation Reduction Act is helping hydrogen stocks FuelCell Energy (NASDAQ: FCEL ), Bloom Energy (NYSE: BE ), Plug Power (NASDAQ: PLUG ) and Gevo (NASDAQ: GEVO ). The bill gives hydrogen producers a production tax credit worth $3 per kilogram of green hydrogen.

News for FuelCell Energy Stock (FCEL)