Fuelcell Energy Stock Price, News & Analysis

FuelCell Energy (NASDAQ: FCEL) reported Q2 FY2025 results with revenue of $37.4M, up 67% YoY, though still posting a gross loss of $9.4M. The company announced a major restructuring plan, including a 22% workforce reduction, to cut operating expenses by 30% annually. Net loss per share improved to $(1.79) from $(2.18). The company is refocusing on carbonate-based distributed generation, particularly for data centers, while pausing solid oxide R&D. Backlog grew 19% to $1.26B. Cash position stands at $240M, down from $318M in October 2024. The company aims to achieve positive Adjusted EBITDA once its Torrington facility reaches 100MW annual production, though current rate is only 31MW. New CCO Mike Hill was appointed to strengthen data center market penetration.

FuelCell Energy (NASDAQ: FCEL) has scheduled its second quarter 2025 financial results release and conference call for June 6, 2025. The results will be released before market open, followed by a conference call with investors at 10:00 a.m. Eastern Time. Investors can access the call via webcast on the company's website or by dialing (888) 330-3181 with conference ID 1099808.

FuelCell Energy specializes in providing clean energy solutions through efficient, scalable, and fuel-flexible systems that can operate on natural gas, biofuels, or hydrogen. The company has over 55 years of experience and has deployed nearly 200 plants globally, offering baseload and grid-independent electricity solutions.

FuelCell Energy and Toyota Motor North America's Tri-gen facility at the Port of Long Beach has received the U.S. Department of Energy's 2025 Better Project Award for its innovative energy efficiency measures. The facility, commissioned by Toyota and operated by FuelCell Energy, produces three key outputs: up to 2.3 megawatts of renewable electricity, 1,200 kilograms of hydrogen daily for fuel cell vehicles, and recycles 1,400 gallons of water daily. The system converts biogas from a California wastewater treatment facility to reduce over 9,000 tons of CO2 emissions and avoid 6 tons of grid NOx emissions annually. The project, which opened in May 2024, demonstrates a replicable model for sustainable energy solutions that can serve customers at lower costs while reducing environmental impact.

FuelCell Energy announces a significant leadership change as Mike Hill takes over as Chief Commercial Officer, replacing Mark Feasel. Hill brings extensive experience from industry giants like General Electric, ABB, and Danfoss Power Systems.

Hill's appointment comes at a crucial time, following his role as president of global sales at Danfoss Power Solutions. His 20-year tenure at GE and nine years at ABB Power Generation, combined with his engineering background and MBA, positions him well to drive FuelCell's commercial growth.

The outgoing CCO, Mark Feasel, who joined in 2022, strengthened the company's sales team and expanded market presence in Korea and data centers. FuelCell Energy recently formed a partnership with Diversified Energy and TESIAC to provide 360 megawatts of electricity to data centers across Virginia, West Virginia, and Kentucky.

FuelCell Energy (FCEL) announces its participation in the 2025 CERAWeek Conference's Innovation Agora in Houston, Texas. Kent McCord, senior product manager, will present 'FuelCell Energy's Distributed Utility-Scale Low Carbon Power and Hydrogen Solutions' on March 12, highlighting:

• Latest low-carbon distributed fuel cell solutions
• Solid oxide electrolyzer technology development and testing at Idaho National Laboratory
• Joint development agreement with Malaysia Marine and Heavy Engineering for large-scale hydrogen production systems across Asia, New Zealand, and Australia
• New agreement to utilize coal mine methane and natural gas for data center power projects

Matt Wilhoit, vice president of sales, will lead a discussion with the Future Energy Leaders Cohort focusing on current and future energy challenges.

FuelCell Energy (NASDAQ: FCEL) reported Q1 fiscal 2025 results with revenue of $19.0 million, up 14% from $16.7 million in Q1 2024. The company posted a gross loss of $(5.2) million, improved from $(11.7) million year-over-year, while operating loss narrowed to $(32.9) million from $(42.5) million.

Key revenue segments included: Generation revenues at $11.3 million (up from $10.5 million), Advanced Technologies at $5.7 million (up from $4.6 million), and Service agreements at $1.8 million (up from $1.6 million). The company's backlog increased 28% to $1.31 billion from $1.03 billion year-over-year.

A global restructuring announced in November 2024 aims to reduce operating costs by 15% in fiscal 2025, including a 13% workforce reduction. Cash position stood at $270.7 million as of January 31, 2025, compared to $318.0 million at October 31, 2024.

FuelCell Energy (NASDAQ: FCEL) has announced a strategic partnership with Diversified Energy and TESIAC to form an Acquisition and Development Company (ADC) aimed at supplying up to 360 megawatts of electricity to data centers across Virginia, West Virginia, and Kentucky.

The collaboration will utilize natural gas and captured coal mine methane (CMM) to generate power through fuel cell technology, converting methane to hydrogen and then to electricity. The process is virtually emission-free and qualifies for environmental and tax credits. The partnership structure includes:

• Diversified Energy supplying natural gas and CMM from Appalachian Basin
• FuelCell Energy deploying fuel cell platforms for power generation
• TESIAC providing financing and development expertise

The initiative aims to create hundreds of jobs in construction, operation, maintenance, and engineering while offering behind-the-meter solutions for data centers, innovative financing models, and carbon-optimized power generation. The project targets operational power delivery within two years.

FuelCell Energy (FCEL) and Malaysia Marine and Heavy Engineering (MHB) have signed a Joint Development Agreement (JDA) to co-develop large-scale hydrogen production systems across Asia, New Zealand, and Australia. The collaboration builds on their February 2023 memorandum of understanding.

The partnership combines FuelCell Energy's solid oxide electrolyzer (SOEC) technology with MHB's large-scale fabrication expertise to develop modular solutions for commercial hydrogen production. Additionally, FuelCell Energy has been awarded a Detailed Feasibility Study (DFS) contract for a low-carbon fuel production facility in Malaysia, utilizing SOEC technology with carbon dioxide and water as feedstocks. The project will incorporate KBR 's proprietary low-carbon fuel synthesis technology.

This initiative aligns with Malaysia's goal to achieve net-zero carbon emissions by 2050 while advancing its national hydrogen value chain.

FuelCell Energy (NASDAQ: FCEL) has scheduled its first quarter 2025 financial results release before market open on March 11, 2025. The company will host a conference call with investors at 10:00 a.m. Eastern Time on the same day to discuss results and provide business updates.

Investors can access the call through a live webcast on the company's website or by dialing (888) 330-3181 with conference ID 1099808. The call replay will be available approximately two hours after conclusion on the company's Investors page.

FuelCell Energy, established in 1969, is a clean energy technology pioneer with over 530 patents. Their fuel cells, operational for more than 20 years, can run on various fuels including natural gas, hydrogen, and biofuel, serving applications from grid support to distributed baseload power for data centers and industrial operations.