Fuelcell Energy Stock Price, News & Analysis

FuelCell Energy (Nasdaq: FCEL) will release its fourth quarter and fiscal year 2025 results prior to the U.S. stock market open on Thursday, December 18, 2025. Management will host a conference call with investors at 10:00 A.M. Eastern Time the same day to discuss the results and provide a business update.

Investors can access a live webcast and supporting slide presentation at www.fuelcellenergy.com by selecting Investors > Events & Presentations and clicking the December 18 earnings call webcast link. Telephone dial-in is available at (888) 330-3181 using conference ID 1099808. A replay will be posted approximately two hours after the call on the company Investors page.

FuelCell Energy (Nasdaq: FCEL) closed approximately $25 million in debt financing from the Export-Import Bank of the United States (EXIM) on Dec. 1, 2025 to support the Gyeonggi Green Energy (GGE) fuel cell project in South Korea. The financing, under EXIM’s Project & Structured Finance program, will fund additional module shipments and service for the final phase of a 42-fuel-cell upgrade at the Hwaseong Baran Industrial Complex.

All modules are manufactured in Torrington, Connecticut, using predominantly U.S.-sourced materials; proceeds aim to strengthen FuelCell Energy’s capital flexibility and accelerate international deployments of utility-scale, baseload fuel cell power.

Charbone Corporation (TSXV: CH / OTCQB: CHHYF) is a Canadian clean ultra-high-purity hydrogen producer entering commercialization in Q4 2025. The company expects first production and initial deliveries in November 2025 from its Sorel-Tracy plant (initial ~200 kg/day), backed by a non-dilutive US$50M construction facility and recent financings (≈C$1M placement, US$1.5M convertible notes, C$2.8M shares-for-debt). Charbone signed a five-year Ontario supply contract with deliveries starting November 2025 and holds a due-diligence valuation of US$60.8M. Near-term modeled revenue from Phase 1 is ~C$5.1M/year, rising to ~C$11.0M/year at Phase 2. Key risks: execution and scale-up as operations commence.

FuelCell Energy (NASDAQ: FCEL) reported its Q3 2025 financial results, showing significant revenue growth but continued losses. Revenue increased 97% to $46.7 million from $23.7 million year-over-year, driven primarily by product revenues from Korea operations. However, the company reported a net loss of $92.5 million ($3.78 per share), compared to $33.5 million ($1.99 per share) in Q3 2024.

The quarter was marked by significant restructuring and impairment charges totaling $68.6 million. Despite these charges, the company maintained a strong backlog of $1.24 billion, up 4% year-over-year. Cash position stood at $236.9 million as of July 31, 2025. The company raised additional capital through stock sales, generating net proceeds of $38.1 million during Q3.

Management highlighted opportunities in the data center market and reported improved carbonate platform efficiency above 50%, while implementing cost-reduction measures to position for future profitability.

FuelCell Energy (NASDAQ: FCEL) has scheduled its Third Quarter 2025 financial results announcement and conference call. The company will release its Q3 results before market open on September 9, 2025, followed by a conference call with investors at 10:00 AM ET the same day.

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

FuelCell Energy (NASDAQ: FCEL) has signed a significant agreement with CGN-Yulchon Generation, a leading South Korean Independent Power Producer. The deal includes the supply of eight advanced carbonate fuel cell modules and maintenance services for four fuel cell units at CGN's Gwangyang facility.

The seven-year agreement covers operations and maintenance services for the 10MW installation, with each of the four units producing 2.5 megawatts of low-carbon baseload power. The project aims to enhance performance and extend operational life of installed units, supporting South Korea's Hydrogen Economy Roadmap.

This agreement strengthens FCEL's presence in South Korea, where it currently supports over 100 megawatts of installed capacity and operates a dedicated service team since 2018.

FuelCell Energy (Nasdaq: FCEL) has signed a strategic Memorandum of Understanding (MOU) with Inuverse to explore deploying up to 100 megawatts (MW) of fuel cell-based power at Korea's AI Daegu Data Center (AI DDC). The phased deployment is set to begin in 2027.

The project aims to leverage FuelCell's thermal energy capabilities for advanced rack cooling and absorption chilling at the data center. The company's technology offers clean baseload energy in a microgrid configuration, with modular systems designed for rapid deployment to support AI and cloud computing needs.

FuelCell Energy currently operates Korea's largest single-site fuel cell park at 58MW, demonstrating its established presence in the region. The non-binding MOU represents a strategic move into the growing AI-specialized hyperscale data center market while supporting renewable energy and ESG objectives.

FuelCell Energy (NASDAQ: FCEL) CEO Jason Few has endorsed the "One Big Beautiful Bill Act" (OBBBA), highlighting its significant support for the fuel cell industry. The legislation includes key provisions such as the reinstatement of the Investment Tax Credit (ITC) and preservation of federal tax credit transferability.

Few emphasized that the bill strengthens America's position in data center infrastructure and grid resilience. The OBBBA maintains full ITC eligibility for fuel cell technologies and includes modifications to hydrogen provisions, ensuring stability for existing investments. The legislation aims to promote U.S. clean energy leadership while supporting advanced manufacturing and job creation.

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.