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FuelCell Energy Inc NEW (DE) - FCEL STOCK NEWS

Welcome to our dedicated page for FuelCell Energy NEW (DE) news (Ticker: FCEL), a resource for investors and traders seeking the latest updates and insights on FuelCell Energy NEW (DE) stock.

FuelCell Energy Inc. (NASDAQ: FCEL) is a leading global provider of efficient, affordable, and clean energy solutions. The company specializes in the design, manufacture, installation, operation, and maintenance of megawatt-scale fuel cell systems. These systems cater to utilities, industrial clients, and large municipalities, offering solutions that include utility-scale and on-site power generation, carbon capture, local hydrogen production for transportation and industry, and long-duration energy storage.

Headquartered in Danbury, Connecticut, and with production facilities in Torrington, Connecticut, FuelCell Energy serves a global market, including North America, Europe, and Asia through strategic partnerships, such as with a South Korean partner. The company’s SureSource installations span three continents and have produced millions of megawatt hours of ultra-clean power.

FuelCell Energy’s core business revolves around decarbonizing power and producing hydrogen through proprietary fuel cell and electrolysis platforms. These innovative technologies are integral to industries such as wastewater treatment, commercial and hospitality, data centers and communications, education and healthcare, among others.

Recent achievements for FuelCell Energy include the extension of a joint development agreement with ExxonMobil Technology and Engineering Company, focusing on carbon capture technology that simultaneously generates electricity and hydrogen. This technology is being demonstrated in a pilot project at the Esso Nederland BV Rotterdam Manufacturing Complex, supported by European Union and Dutch grants.

FuelCell Energy has also initiated significant projects in the United States, such as the Sacramento Sewer district’s energy delivery and emissions management platform. This project creates clean electricity from onsite biofuel, emphasizing the company’s ability to provide renewable power solutions without combustion.

Financially, FuelCell Energy reported $22.4 million in revenue for the second quarter of fiscal 2024, despite a decrease from the previous year. The company’s ongoing projects and strategic agreements are expected to enhance revenue streams and market penetration.

FuelCell Energy’s commitment to innovation is evident in its extensive portfolio of 531 fuel cell technology patents. The company continues to lead the market in providing sustainable, clean energy solutions that address global challenges related to energy, safety, and urbanization.

Learn more at fuelcellenergy.com.

News

FuelCell Energy Reports First Quarter of Fiscal 2024 Results

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FuelCell Energy, Inc. (FCEL) reported a decline in revenues to $16.7 million compared to $37.1 million in Q1 FY2024, resulting in a gross loss of $11.7 million. The loss from operations increased to $(42.5) million from $(22.5) million, with a net loss per share of $(0.05). Despite the challenging financial results, the company is focused on implementing its Powerhouse Business Strategy and expects improved performance in the upcoming quarters.
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FuelCell Energy Announces First Quarter of Fiscal 2024 Results Conference Call on March 7, 2024 at 10 A.M. Eastern Time

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FuelCell Energy, Inc. (FCEL) is set to release its first quarter fiscal 2024 results on March 7, 2024, followed by a conference call to discuss the outcomes and provide a business update. Investors can access the live call via webcast or telephone. The company aims to leverage its fuel cell technology to promote clean energy solutions globally.
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FuelCell Energy Announces Release of Annual and Sustainability Reports Highlighting Business Performance and Progress Towards Sustainability and ESG Goals

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FuelCell Energy, Inc. releases its 2023 Annual Report and Sustainability Report, showcasing financial performance, key milestones, and sustainability efforts. The company highlights projects with major partners like Toyota, ExxonMobil, and IBM, emphasizing innovation and scalability of its technology. The 2023 Sustainability Report outlines progress towards net-zero goals, environmental impact mitigation, and social responsibility initiatives.
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FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2023 Results

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FuelCell Energy, Inc. (Nasdaq: FCEL) reported fourth quarter fiscal 2023 revenues of $22.5 million, a 43% decrease year-over-year. The company's net loss was $29.5 million, compared to $42.0 million in the fourth quarter of fiscal 2022. Fiscal year 2023 revenues decreased by 5% to $123.4 million. The company's net loss for fiscal year 2023 was $108.1 million, compared to $147.2 million in fiscal year 2022.
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ExxonMobil to Build CCS Pilot Plant with FuelCell Energy Using Carbonate Fuel Cell Technology

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ExxonMobil's affiliate Esso Nederland BV plans to build a pilot plant at its Rotterdam Manufacturing Complex to test a breakthrough carbonate fuel cell (CFC) technology, jointly developed with FuelCell Energy, for carbon capture. If successful, the technology could be commercialized to reduce emissions at ExxonMobil locations and other industrial sites. The pilot project is co-funded by the European Union under the Emissions Trading System Innovation Fund and by the Netherlands Enterprise Agency by means of a Demonstration Energy and Climate Innovation (DEI+) grant.
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FuelCell Energy Closes Tax Equity Financings with Group 1001 and Franklin Park for Tri-gen Project and Derby, Connecticut, Fuel Cell Park

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FuelCell Energy, Inc. (Nasdaq: FCEL) closed transactions with Franklin Park and Group 1001 Insurance Holdings, LLC for its clean energy projects, securing net proceeds of $34.2 million through tax credit financing. This provides financial flexibility for further innovation and collaboration in the clean energy industry, signaling strong market interest in its sustainable solutions.
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FuelCell Energy Announces Fourth Quarter and Fiscal Year 2023 Results Conference Call on December 19, 2023 at 10 A.M. Eastern Time

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FuelCell Energy, Inc. (Nasdaq: FCEL) will release its fourth quarter and fiscal year 2023 results on December 19, 2023. The management will host a conference call to discuss the results and provide a business update at 10:00 a.m. Eastern Time on the same day. Participants can access the live call via webcast on the Company website or by telephone. The replay of the conference call will be available via webcast on the Company’s Investors’ page at www.fuelcellenergy.com approximately two hours after the conclusion of the call.
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IBM, FuelCell Energy to Use AI in Effort to Forge Longer-Life Fuel Cell Systems

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IBM (FCEL) and FuelCell Energy, Inc. announced a collaboration to enhance FuelCell Energy’s technology using Foundation Models, a form of generative AI. The aim is to support a global transition to renewable energy sources. IBM will research ways to extend the life of fuel cells and develop a Foundation Model to create device-level models using FuelCell Energy data. The collaboration was announced at the 2023 Pan-EMEA Media Event at IBM Research Zurich lab in Switzerland.
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FuelCell Energy Delivers Fuel Cell Power to Derby as Part of Connecticut Clean Energy Initiatives

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FuelCell Energy, Inc. (Nasdaq: FCEL) Celebrates Opening of 14-Megawatt Fuel Cell Project in Derby, Connecticut, as Part of 'Make it Here' State Campaign
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FuelCell Energy Electrolyzer to be used in UK Hydrogen and Nuclear Study

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FuelCell Energy contracted by EDF Energy for hydrogen decarbonization project in asphalt production
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FAQ

What is the current stock price of FuelCell Energy NEW (DE) (FCEL)?

The current stock price of FuelCell Energy NEW (DE) (FCEL) is $7.92 as of November 21, 2024.

What is the market cap of FuelCell Energy NEW (DE) (FCEL)?

The market cap of FuelCell Energy NEW (DE) (FCEL) is approximately 169.6M.

What does FuelCell Energy Inc. do?

FuelCell Energy Inc. designs, manufactures, installs, operates, and maintains megawatt-scale fuel cell systems for clean energy solutions, including utility-scale power generation, carbon capture, and hydrogen production.

Where is FuelCell Energy Inc. headquartered?

FuelCell Energy Inc. is headquartered in Danbury, Connecticut, with production facilities in Torrington, Connecticut.

Which markets does FuelCell Energy serve?

FuelCell Energy serves global markets, including North America, Europe, and Asia, through strategic partnerships and various industry sectors such as wastewater treatment, data centers, and healthcare.

What are some recent achievements of FuelCell Energy?

Recent achievements include a joint development agreement with ExxonMobil for carbon capture technology and significant projects like the Sacramento Sewer district’s clean energy platform.

What is the joint development agreement with ExxonMobil about?

The agreement focuses on developing carbon capture technology that also generates electricity and hydrogen, with a pilot project at the Esso Nederland BV Rotterdam Manufacturing Complex.

How is FuelCell Energy contributing to clean energy in the US?

FuelCell Energy is involved in projects like the Sacramento Sewer district’s platform, which creates clean electricity from onsite biofuel, and various other initiatives aimed at providing renewable power solutions.

What financial performance did FuelCell Energy report recently?

For the second quarter of fiscal 2024, FuelCell Energy reported $22.4 million in revenue, with ongoing projects and strategic agreements expected to enhance future revenue streams.

How many patents does FuelCell Energy hold?

FuelCell Energy holds 531 fuel cell technology patents, underscoring its commitment to innovation and leadership in clean energy solutions.

What industries benefit from FuelCell Energy’s technologies?

Industries such as industrial, wastewater treatment, commercial and hospitality, data centers and communications, education, and healthcare benefit from FuelCell Energy’s clean energy technologies.

How can I learn more about FuelCell Energy?

You can learn more about FuelCell Energy by visiting their website at fuelcellenergy.com.

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FuelCell Energy Inc NEW (DE)

Nasdaq:FCEL

FCEL Rankings

#3981 Ranked by Market Cap
N/A Ranked by Dividends

FCEL Stock Data

169.63M
20.32M
23.57%
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