Fuelcell Energy Inc is a company that specializes in the development and production of fuel cell technology for clean energy generation
It focuses on providing innovative solutions that convert hydrogen and other fuels into electricity with low emissions, aiming to address the growing demand for sustainable energy sources. The company offers a range of products and services, including modular fuel cell power plants and supporting technologies, catering to various applications such as utility-scale power generation, distributed generation, and carbon capture solutions. Through its advanced technology, Fuelcell Energy aims to contribute to a greener future by promoting the use of hydrogen and renewable energy.
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL)
fell 12.2% in the pre-market session after the company reported weak first-quarter results: its revenue missed expectations, and EBITDA fell short of Wall Street's estimates. On a brighter note, FCEL recorded a sharp improvement in backlog, which surged 28% year on year, driven by the long-term service agreement with Gyeonggi Green Energy in Korea. This agreement is expected to drive future revenue.
Despite this, sales growth was more modest during the quarter, up 14% compared to the prior year, led by growth in generation and advanced technologies. However, profitability remained a concern as operating losses narrowed but remained significant.
Carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 13.8% year on year to $19 million. Its GAAP loss of $1.42 per share was 7.1% above analysts’ consensus estimates.
Carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL)
will be announcing earnings results tomorrow before market open. Here’s what to expect.
FuelCell Energy Inc (NASDAQFCEL) shares are trading higher. The company on Thursday announced that it began testing its electrolyzer for a potential commercial nuclear power opportunity.
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There are songs that no one should sing at karaoke, just as there are stocks that no one should buy. What are some terrible karaoke songs that align with the stocks you must avoid? I’ll give you three.
FuelCell Energy Inc (NASDAQFCEL) shares are trading higher Wednesday after the company announced plans to build a fuel cell power plant that's expected to add over $160 million to its generation backlog.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how FuelCell Energy (NASDAQFCEL) and the rest of the renewable energy stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how renewable energy stocks fared in Q3, starting with Plug Power (NASDAQPLUG).
FuelCell Energy has gotten torched over the last six months - since July 2024, its stock price has dropped 37.8% to $11.95 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL)
jumped 17.8% in the afternoon session after the Biden administration announced new rules clarifying that some nuclear power plants can secure tax credits for producing clean hydrogen if the credits help keep reactors running. This announcement means more funding opportunities for hydrogen producers despite some opposition from environmental groups regarding the use of nuclear to produce hydrogen. The update also provides more certainty for investors and related companies within the clean energy space.
Carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 120% year on year to $49.33 million. Its GAAP loss of $2.21 per share was 27% below analysts’ consensus estimates.
FCEL reported Q4 2024 results with total revenues of $49.326 million, beating consensus. The company recently announced a global restructuring and has $318.0 million in cash.
Carbonate fuel cell technology developer FuelCell Energy (NASDAQFCEL)
will be reporting results tomorrow before market hours. Here’s what you need to know.
