(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet 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 q ...

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. Andrea Miserocchi, vice president of business development in Europe and the Middle East at FuelCell Energy, spoke on the topic of “Scaling Critical Technologies in Hydrogen Production.” The panel he join ...

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.” These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander ...

Hydrogen hopefuls, listen up! FuelCell Energy (NASDAQ:FCEL), the Connecticut-headquartered hydrogen-production company, is absurdly underappreciated on Wall Street. So, if you’re a believer in the snapback effect, now’s the time to buy FuelCell Energy stock.Undervalued businesses like FuelCell Energy can experience a “snapback effect” and become market darlings. And, you want to be in the trade before this happens, not after. So, let’s take stock of the bull case as FuelCell Energy is a clean-energy startup ...

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. That includes positive reception to its presentation and Accelerating Korea’s Energy Transition with Advanced Fuel Cell Solutions event on June 28.FuelCell Energy president and CEO Jason Few said the following about the event.“We were extremely pleased with the interest and rec ...

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. Four of FuelCell Energy's 250-kilowatt solid oxide fuel cells, with a combined one megawatt of electricity generation capability, will provide power and thermal energy to support current an ...

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. Four of FuelCell Energy’s 250-kilowatt solid oxide fuel cells, with a combined one megawatt of electricity generation capability, will provide power and thermal energy to support current a ...

Core Insights - FuelCell Energy reported disappointing Q2/FY2024 results, characterized by negative gross margins and significant cash burn [3][23] - The company continues to face relentless dilution of common shares due to high cash usage and ongoing financing needs [5][23] - Preferred shares offer a 13.2% annualized dividend yield, making them attractive for income-oriented investors despite the company's operational challenges [21][23] Financial Performance - Total revenue for Q2/FY2024 was $22.4 million, a decrease from $44 million in Q1/FY2024 [4] - Gross margin was -31.6%, significantly lower than the company's typical range of 40%-50% [4][14] - Adjusted EBITDA for Q2/FY2024 was -26.5 million, indicating ongoing operational losses [4] Cash Flow and Liquidity - The company reported a negative cash flow from operations of $37.1 million for Q2/FY2024 [4] - Unrestricted cash and short-term investments decreased to $260.1 million, with additional liquidity available through an amended sales agreement [6][9] - The company raised $31.7 million from selling 38.6 million shares after the quarter-end, indicating ongoing reliance on equity financing [5][7] Backlog and Future Prospects - The backlog increased slightly to $1,061.5 million, supported by a new long-term service agreement with Gyeonggi Green Energy worth approximately $160 million [11][15] - The service agreement is expected to generate revenue starting in FY2025, with commissioning of new fuel cell modules scheduled between 2024 and 2026 [19][18] - The company has reduced its FY2024 spending plans by $30 million, primarily due to project delays [9] Market Position and Strategy - FuelCell Energy's generation segment saw revenue growth to $14.1 million in Q2/FY2024, although gross margins remained negative [14] - The company is focusing on expanding its manufacturing capacity and R&D investments, with capital expenditures targeted between $45 million and $60 million [10] - The ability to issue additional common shares remains crucial for maintaining liquidity and funding ongoing operations [9][23]

FuelCell Energy TodayFCELFuelCell Energy$0.98 +0.11 (+12.66%) 52-Week Range$0.64▼$2.94Price Target$1.83Add to WatchlistFuelCell 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. The downtrend will likely continue because the stock is well below its downtrend line, with losses widening. The takeaway is that FuelCell Energy's stock price is headin ...

• • • Key Milestones JDA Creates Multiple Opportunities Focus on Commercial Deployment • • • FCEL • FCEL ExxonMobil • • • ...