FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and carbon utilization, as well as micro-grid and multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, morcrogrids, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: fuelcellenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $2.00 → $12.00 | Hold | TD Cowen |
| 9/14/2023 | $2.75 → $1.50 | Hold | Jefferies |
| 12/14/2022 | $3.85 | Neutral | UBS |
| 10/19/2022 | $3.00 | Hold | Jefferies |
| 6/2/2022 | Sector Weight | KeyBanc Capital Markets | |
| 1/5/2022 | Sector Weight | Keybanc | |
| 12/30/2021 | $8.00 → $6.00 | Neutral | B. Riley Securities |
| 12/30/2021 | $7.00 → $5.50 | Hold | Canaccord Genuity |
| 12/29/2021 | $5.00 | Sell → Hold | Craig Hallum |
Fourth Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $49.3 million, compared to $22.5 millionGross loss of $(10.9) million compared to $(1.5) millionLoss from operations of $(41.0) million compared with $(36.4) millionNet loss per share was $(2.21) compared with $(2.07) Fiscal Year 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $112.1 million, compared to $123.4 millionGross loss of $(35.9) million compared to $(10.5) millionLoss from operations of $(158.5) million compared with $(136.1) millionNet loss per share was $(7.83) compared with $(7.92) DANBURY, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Fu
DANBURY, Conn., Dec. 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- announced the upcoming release of its fourth quarter and fiscal year 2024 results prior to the Stock Market Open on Thursday, December 19, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, December 19, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephone as follows: The live webcast of this call and supporting slide presentation will be available at www.fuelcellenergy.com. To listen to the call, select ‘Investors' on t
Go-forward strategy will emphasize topline revenue growth and future profitability.Company to reduce total operating costs by an estimated 15% in fiscal year 2025. DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company's core technologies, and protect the company's competitive position amid slower-than-expected investments in clean energy. The restructuring will allow FuelCell Energy to prioritize commercially available technologies to reflect changing market opportuniti
DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company's common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024. Today, the Company filed a Certificate of Amendment of the Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to effect this reverse stock split of its issued and outstanding shares of common stock and shares of common stock held in treasury. Tradin
Company to receive approximately $9.4 million in debt financing; FuelCell Energy to pursue additional financing to support the working capital needs of this transactionFinancing to support purchase agreement for forty-two 1.4-megawatt upgraded carbonate fuel cell modules to replace existing units at GGE's Hwaseong Baran Industrial Complex 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 prog
DANBURY, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) and Korea Hydro & Nuclear Power Co., Ltd (KHNP) announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MOU) outlining the possibilities. The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy's solid oxide electrolysis hydrogen platform and KHNP's nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea's domestic clean energy sources with FuelCell Energy's electrolyzer platform that uniq
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet 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. "In the third quarter, our team achieved solid performance and continued cost management, while advancing our Powerhouse strategy,"
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. Andrea Miserocchi, vice president of business development in Europe and the Middle East at FuelCell Energy, spoke on the topic of "Scaling Critical Technologies in Hydrogen Production." The panel he joined analyzed the crucial aspects of developing robust and efficient hydrogen projects. Miserocchi highlighted FuelCell Energy's hydrogen solutions, including FuelCell Energy's Solid Oxid
DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephon
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." These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander Energy Inc., Nuclear Promise X, and St. Marys Cement and are focused on producing low-carbon-intensity synthetic diesel fuels using zero-carbon hydrogen that will be produced by lever
Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the appointment of Isida Tushe as General Counsel and Corporate Secretary. An industry veteran, Isida brings a wealth of domestic and international experience honed through years of working as an executive with a wide range of power generation and renewables companies. "I am humbled to join Microvast, an innovative pioneer in battery manufacturing," stated Isida Tushe. "The Company's focus on innovating lithium-ion battery solutions that will be critical in decarbonization and mitigating climate change exempli
DANBURY, Conn., April 06, 2022 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power, and producing hydrogen to enable a world empowered by clean energy -- today announced the appointment by the Board of Directors of Mark Feasel to the position of Executive Vice President and Chief Commercial Officer. Mark's appointment will be effective as of April 18, 2022. This role was previously held by the Company's President and CEO, Jason Few. Mark will join FuelCell Energy from Schneider Electric USA where he has spent more than fifteen years in various executive positions of increasing responsibil
DANBURY, Conn., Dec. 17, 2021 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — today announced that Joshua Dolger has been appointed by FuelCell Energy's Board of Directors as the Company's Executive Vice President, General Counsel and Corporate Secretary. Josh has been serving as interim General Counsel and Corporate Secretary since June 2021. Josh brings extensive experience in corporate and public company legal practice. Prior to joining the Company in May 2021, Josh held a variety of legal positions of increa
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TD Cowen reiterated coverage of FuelCell Energy with a rating of Hold and set a new price target of $12.00 from $2.00 previously
Jefferies resumed coverage of FuelCell Energy with a rating of Hold and set a new price target of $1.50 from $2.75 previously
UBS initiated coverage of FuelCell Energy with a rating of Neutral and set a new price target of $3.85
Jefferies initiated coverage of FuelCell Energy with a rating of Hold and set a new price target of $3.00
KeyBanc Capital Markets resumed coverage of FuelCell Energy with a rating of Sector Weight
Keybanc initiated coverage of FuelCell Energy with a rating of Sector Weight
B. Riley Securities reiterated coverage of FuelCell Energy with a rating of Neutral and set a new price target of $6.00 from $8.00 previously
Canaccord Genuity reiterated coverage of FuelCell Energy with a rating of Hold and set a new price target of $5.50 from $7.00 previously
Craig Hallum upgraded FuelCell Energy from Sell to Hold and set a new price target of $5.00
Canaccord Genuity reiterated coverage of FuelCell Energy with a rating of Hold and set a new price target of $9.00 from $13.50 previously
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Fourth Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $49.3 million, compared to $22.5 millionGross loss of $(10.9) million compared to $(1.5) millionLoss from operations of $(41.0) million compared with $(36.4) millionNet loss per share was $(2.21) compared with $(2.07) Fiscal Year 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $112.1 million, compared to $123.4 millionGross loss of $(35.9) million compared to $(10.5) millionLoss from operations of $(158.5) million compared with $(136.1) millionNet loss per share was $(7.83) compared with $(7.92) DANBURY, Conn., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Fu
DANBURY, Conn., Dec. 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- announced the upcoming release of its fourth quarter and fiscal year 2024 results prior to the Stock Market Open on Thursday, December 19, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, December 19, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephone as follows: The live webcast of this call and supporting slide presentation will be available at www.fuelcellenergy.com. To listen to the call, select ‘Investors' on t
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet 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. "In the third quarter, our team achieved solid performance and continued cost management, while advancing our Powerhouse strategy,"
DANBURY, Conn., Aug. 27, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its third quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, September 5, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, September 5, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephon
Second Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 millionGross loss of $(7.1) million compared to $(6.1) millionLoss from operations of $(41.4) million compared with $(35.9) millionNet loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its second quarter ended April 30, 2024.
DANBURY, Conn., May 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of its second quarter of fiscal 2024 results prior to the Stock Market Open on Monday, June 10, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update. Participants can access the live call via webcast on the Company website or by telephone as follows
First Quarter Fiscal 2024 Financial Summary(All comparisons are year-over-year unless otherwise noted) Revenues of $16.7 million compared to $37.1 millionGross loss of $11.7 million compared to a gross profit of $5.2 millionLoss from operations of $(42.5) million compared to $(22.5) millionNet loss per share was $(0.05) in both quarters DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2024. "In 2024, we con
DANBURY, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, March 7, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 7, 2024, to discuss the results and provide a business update. Participants can access the live call v
Fourth Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted) Revenues of $22.5 million compared to $39.2 millionGross loss of $(1.5) million compared to $(15.2) millionLoss from operations of $(36.4) million compared to $(42.7) millionNet loss per share was $(0.07) compared to $(0.11) Fiscal Year 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted) 5% decrease in total revenues to $123.4 million compared to $130.5 millionLoss from operations of $(136.1) million compared to $(143.7) millionNet loss of $(108.1) million compared to $(147.2) millionAdjusted EBITDA of $(102.9) million co
DANBURY, Conn., Dec. 12, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its fourth quarter and fiscal year 2023 results prior to the Stock Market Open on Tuesday, December 19, 2023. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Tuesday, December 19, 2023, to discuss the results and provide a business update. Participants can access the
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