FuelCell Energy (FCEL) Stock

FCEL's rising backlog and development of advanced technology to develop clean energy are promising. Yet, expected near-term losses and lower returns than industry offset the positives.

FuelCell Energy reported mixed Q4/FY2024 results with a disappointing gross margin performance somewhat offset by positive cash flow from operations. Common shareholder dilution from open market sales continued unabatedly. Due to weak near-term business prospects, management has decided to reduce investments and lower operating expenses.

FuelCell Energy's NASDAQ: FCEL FQ4 2024 report had plenty of positive details, but the net result was not good. The company struggles to gain traction, losses continue to mount, and short interest grows, likely pushing the market lower.

FuelCell Energy, Inc. (NASDAQ:FCEL ) Q4 2024 Earnings Conference Call December 19, 2024 10:00 AM ET Company Participants Tom Gelston - Investor Relations Jason Few - President & Chief Executive Officer Mike Bishop - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Saumya Jain - UBS Noel Parks - Tuohy Brothers Dushyant Ailani - Jefferies Operator Good morning, ladies and gentlemen, and thank you for standing by. My name is Abby, and I will be your conference operator today.

FuelCell Energy (FCEL) came out with a quarterly loss of $2.10 per share versus the Zacks Consensus Estimate of a loss of $1.64. This compares to loss of $2.10 per share a year ago.

Fourth Quarter Fiscal 2024 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $49.3 million, compared to $22.5 million Gross loss of $(10.9) million compared to $(1.5) million Loss from operations of $(41.0) million compared with $(36.4) million Net loss per share was $(2.21) compared with $(2.07) Fiscal Year 2024 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $112.1 million, compared to $123.4 million Gross loss of $(35.9) million compared to $(10.5) million Loss from operations of $(158.5) million compared with $(136.1) million Net loss per share was $(7.83) compared with $(7.92) DANBURY, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) --  FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its fourth quarter and fiscal year ended October 31, 2024.

This Industry Outlook article has featured Excelerate Energy, TXNM Energy, GEVO, and FuelCell Energy.

The growing electric vehicle market and increasing wind energy production are expected to help alternative energy stocks as costs rise. You might consider investing in EE, TXNM, GEVO, and FCEL.

The consensus price target hints at a 146% upside potential for FuelCell Energy (FCEL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.