Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
25 June 1992Website:
http://www.fuelcellenergy.comNext earnings report:
11 September 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:57:14 GMTDividend
Analysts recommendations
Institutional Ownership
FCEL Latest News
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.
FuelCell 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.
FuelCell Energy reported lower losses than forecast this morning. The fuel cell company lost only $0.07 per share, better than $0.09 per share a year ago.
FuelCell Energy (NASDAQ: FCEL ) stock is in the green despite reporting a 42% revenue drop in its fiscal second-quarter earnings. Revenue tallied in at $22.4 million compared to $38.3 million a year ago.
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 $0.09 per share a year ago.
Shares of FuelCell Energy Inc. FCEL, -5.52% got a 0.6% lift Monday after fuel cell technology company reported a narrower-than-expected fiscal second-quarter loss, as strength in its generation and advanced technologies businesses offset a sharp drop in service agreements. The net loss for the quarter to April 30 was $32.9 million, or 7 cents a share, compared with a loss of $35.1 million, or 9 cents a share, in the same period a year ago.
Second Quarter Fiscal 2024 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 million Gross loss of $(7.1) million compared to $(6.1) million Loss from operations of $(41.4) million compared with $(35.9) million Net loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April 30, 2024.
In the clean energy space, FuelCell Energy (NASDAQ: FCEL ) has certainly been what many would characterize as a laggard. Shares of FCEL stock are down more than 35% on a year-to-date basis alone, and much more from its recent peak.
DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world's largest fuel cell power platform, located in Hwaseong-si.
The well-known speculative company FuelCell Energy (NASDAQ: FCEL), known for its fuel cell and electrolysis technologies for reducing power emissions and creating hydrogen, experienced a surge in its stock price without any specific company updates. It is believed that the resurgence of meme trading has contributed to the increase in FCEL stock.
What type of business is FuelCell Energy?
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; solid oxide fuel cell/solid oxide electrolysis cell stack technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. In addition, it provides engineering, procurement, and construction services; project financing services; and real-time monitoring and remote operation, online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment/recycling services, as well as technical services in the areas of plant operation and performance, and fuel processing. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
What sector is FuelCell Energy in?
FuelCell Energy is in the Industrials sector
What industry is FuelCell Energy in?
FuelCell Energy is in the Electrical Equipment & Parts industry
What country is FuelCell Energy from?
FuelCell Energy is headquartered in United States
When did FuelCell Energy go public?
FuelCell Energy initial public offering (IPO) was on 25 June 1992
What is FuelCell Energy website?
https://www.fuelcellenergy.com
Is FuelCell Energy in the S&P 500?
No, FuelCell Energy is not included in the S&P 500 index
Is FuelCell Energy in the NASDAQ 100?
No, FuelCell Energy is not included in the NASDAQ 100 index
Is FuelCell Energy in the Dow Jones?
No, FuelCell Energy is not included in the Dow Jones index
When does FuelCell Energy report earnings?
The next expected earnings date for FuelCell Energy is 11 September 2024