Welcome to our dedicated page for Fuelcell Energy news (Ticker: FCEL), a resource for investors and traders seeking the latest updates and insights on Fuelcell Energy stock.
FuelCell Energy (NASDAQ: FCEL) specializes in clean energy innovation through advanced fuel cell and hydrogen production technologies. This page provides a centralized hub for all official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely, verified information on FCEL’s progress in decarbonization, distributed power solutions, and electrolysis platforms. Key updates include earnings reports, partnership announcements, technology milestones, and regulatory filings.
The curated news collection covers press releases, financial results, project deployments, and industry collaborations. Each update is sourced directly from the company or reputable financial publications to ensure accuracy and relevance.
Bookmark this page for streamlined access to FCEL’s latest clean energy initiatives and operational developments. Check back regularly to stay informed on the company’s role in advancing sustainable power generation and hydrogen infrastructure.
FuelCell Energy (FCEL) reported a 54% increase in fourth-quarter revenues, reaching $17.0 million, compared to $11.0 million the previous year. For the fiscal year 2020, total revenues increased 17% to $70.9 million. The company achieved a significant reduction in loss from operations, reporting $(17.1) million compared to $(33.0) million in the previous year. However, the net loss for FY 2020 widened to $(89.1) million vs. $(77.6) million in FY 2019. Despite a 2.5% decrease in backlog to $1.29 billion, FuelCell remains focused on clean energy innovations and operational improvements.
FuelCell Energy (NASDAQ: FCEL) announced it will release its fourth quarter financial results before the market opens on January 21, 2021. The management team will host a conference call at 10:00 a.m. ET on the same day to discuss the results. Investors can access the call via webcast or by dialing in. FuelCell Energy is focused on innovative fuel cell technologies aimed at clean energy solutions, serving a diverse customer base globally, including utilities and municipalities.
FuelCell Energy (NASDAQ: FCEL) has raised concerns over the Connecticut regulators' decision to rescind awards for three fuel cell projects under the Shared Clean Energy Facility program, threatening local job growth and manufacturing. CEO Jason Few criticized DEEP/PURA for lacking integrity in their process and emphasized the potential reevaluation of in-state growth and hiring plans. The company urges state leaders to act swiftly to reverse this decision, which undermines Connecticut's economic goals, especially in a critical time for the state.
FuelCell Energy (NASDAQ: FCEL) announced the completion of a public offering of 39.7 million shares, raising $162.5 million for the Company. The offering included 25 million shares from the Company and 14.7 million shares from selling stockholders. The underwriters exercised their option to purchase an additional 5.2 million shares. Funds will not benefit from share sales by stockholders, and J.P. Morgan acted as the sole book-running manager for the offering, which was conducted under a shelf registration statement.
FuelCell Energy (Nasdaq: FCEL) announced the pricing of its underwritten public offering of 34,518,539 shares at $6.50 per share, totaling $128.8 million in gross proceeds to the Company. The offering includes 19,822,219 shares sold by the Company and 14,696,320 shares by selling stockholders. Funds will be used to repay debt, including amounts under its Credit Agreement, pay preferred stock dividends, and advance its solid oxide platform development. Closing is expected on or about December 3, 2020.
FuelCell Energy (Nasdaq: FCEL) announced a public offering of 34,518,539 shares. The offering includes 19,822,219 shares from the company and 14,696,320 from selling stockholders, with a 30-day option for underwriters to buy an additional 5,177,781 shares. Proceeds will be used to repay outstanding debt and support project development, among other corporate purposes. J.P. Morgan Securities LLC is the sole book-running manager. A registration statement has been filed with the SEC.
FuelCell Energy (Nasdaq: FCEL) has received an $8 million funding award from the U.S. Department of Energy to advance its solid oxide electrolysis technology for hydrogen production. This award will support the design and manufacture of a SureSource electrolysis platform aimed at producing hydrogen with efficiency rates exceeding 90%. The project will culminate in testing at Idaho National Laboratories, enhancing integration with nuclear energy. This initiative marks a significant step towards commercializing high-efficiency hydrogen generation, potentially revolutionizing clean energy applications.
FuelCell Energy (Nasdaq: FCEL) has denied misleading claims made by a short seller regarding the LIPA 2 and LIPA 3 power project awards. The Company clarified that these awards were never part of its backlog and do not affect its 2022 financial goals, including revenue and adjusted EBITDA. FuelCell Energy is actively disputing claims that the New York Climate Leadership and Community Protection Act should hinder the LIPA projects, which it is pursuing in good faith. The Company emphasizes that its LIPA Yaphank project is included in the backlog and revenue projections.
FuelCell Energy, Inc. (Nasdaq: FCEL) has completed its public offering of 50,025,000 common shares, raising approximately $105 million in gross proceeds. The offering included the full exercise of underwriters' option for an additional 6,525,000 shares. J.P. Morgan, Barclays, and Canaccord Genuity led the offering, which was registered under SEC Form S-3. The proceeds are intended to advance FuelCell's innovative fuel cell technology and strengthen its market position in distributed power generation.
