FuelCell Energy reported mixed Q1/FY2025 results, with revenue underperformance partially offset by a slight top-line beat. While recent restructuring initiatives have resulted in somewhat reduced operating expenses, the company continues to burn substantial amounts of cash. While management highlighted the company's data center opportunity, there won't be any material revenues from these efforts for at least the next couple of years.
FuelCell Energy, Inc. (NASDAQ:FCEL ) Q1 2025 Earnings Conference Call March 11, 2025 10:00 AM ET Corporate Participants Tom Gelston - Investor Relations Jason Few - President and Chief Executive Officer Mike Bishop - Executive Vice President, Chief Financial Officer and Treasurer Mark Feasel - Executive Vice President and Chief Commercial Officer Conference Call Participants Dushyant Ailani - Jefferies George Gianarikas - Canaccord Genuity Jeffrey Campbell - Seaport Research Partners Noel Parks - Tuohy Brothers Ryan Pfingst - B. Riley Securities Operator Thank you for standing by and welcome to the FuelCell Energy First Quarter of Fiscal 2025 Financial Results Conference Call.
First Quarter Fiscal 2025 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $19.0 million, compared to $16.7 million Gross loss of $(5.2) million compared to $(11.7) million Loss from operations of $(32.9) million compared with $(42.5) million Net loss per share was $(1.42) compared with $(1.37) DANBURY, Conn., March 11, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its first quarter ended January 31, 2025.
Projects aim to be responsive to the energy needs of data centers by offering an abundant supply of operational power within two years
FuelCell Energy (FCEL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FCEL's rising backlog and development of advanced technology for clean energy are promising. Yet, losses in the near term and lower returns than the industry offset the positives.
DANBURY, Conn., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a Connecticut-based global leader in delivering clean, innovative fuel cell solutions for the supply, recovery, and storage of energy, announced that it will build a 7.4 MW fuel cell power plant in Hartford, Conn. The project will deliver Class 1 renewable baseload power to the local grid in support of the state's Renewable Portfolio Standard.
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.