Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
25 June 1992Website:
http://www.fuelcellenergy.comNext earnings report:
19 December 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:44 GMTDividend
Analysts recommendations
Institutional Ownership
FCEL Latest News
DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it has closed on a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for the company's fuel cell projects with Gyeonggi Green Energy (GGE). This financing is part of EXIM's Project & Structured Finance program, which helps U.S. exporters compete globally in the natural resource and infrastructure sectors.
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FuelCell Energy reported less-than-stellar Q3/FY2024 results, with negative gross margins and cash usage at all-time highs. However, FuelCell Energy managed to replenish its cash balances by aggressively selling new shares into the open market. As a result, outstanding shares increased by more than 20% during Q3. On the conference call, management admitted to issues regarding its new solid oxide fuel cell technology, which will require further improvement before being suited for commercial deployments.
FuelCell Energy, Inc. (NASDAQ:FCEL ) Q3 2024 Results Earnings Conference Call September 5, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance and Investor Relations Jason Few - President and Chief Executive Officer Michael Bishop - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Ryan Pfingst - B. Riley Securities Saumya Jain - UBS Noel Parks - Touhy Brothers Jeffrey Campbell - Seaport Research Partners Operator Thank you for standing by and welcome to the FuelCell Energy Third Quarter of Fiscal 2024 Financial Results Conference Call.
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 million Gross loss of $(6.2) million compared to $(8.2) million Loss from operations of $(33.6) million compared with $(41.4) million Net 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 quarter ended July 31, 2024.
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.
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.
FuelCell Energy Inc. said Tuesday it will hold a special meeting of shareholders to ask them to vote on a proposal that will allow the fuel-cell technology company to enact a reverse stock split.
What type of business is FuelCell Energy?
FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems. It also offers technology to produce electricity, heat, hydrogen, and water. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services. 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, commercial and hospitality, microgrids, manufacturing, industrial hydrogen, port, oil and gas, wind and solar projects, food and beverage, hydrogen for mobility and material handling, and hydrogen fuel for heat, as well as engineering, procurement, and construction firms. The company primarily operates in the United States, South Korea, and Europe. 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 was FuelCell Energy the previous earnings report?
No data
When does FuelCell Energy earnings report?
The next expected earnings date for FuelCell Energy is 19 December 2024