Fuelcell Energy Stock Price, News & Analysis

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.

FuelCell Energy (FCEL) has published its 2024 Annual and Sustainability Reports, highlighting significant business achievements and environmental progress. The company added approximately $250 million to its revenue backlog in 2024 through utility-scale projects and advancement of clean energy technology, including a carbon capture platform with ExxonMobil.

The company expanded its service business through long-term agreements with Gyoenggi Green Energy Co., and Sacramento Area Sewer District. Following a global restructuring in late 2024, FCEL remains focused on growth and operational streamlining. CEO Jason Few emphasized the company's fuel-flexible technology and proven commercial platforms, particularly highlighting their carbonate platform's potential in natural gas applications.

The 2024 Sustainability Report showcases key achievements including establishing an annual GHG emissions inventory, completing a product-level life cycle assessment, conducting a climate risk assessment, implementing a sustainability governance model, and earning ISS ESG Prime status.

FuelCell Energy (FCEL) has begun testing its solid oxide electrolysis cell (SOEC) system at Idaho National Laboratory (INL), marking the largest and first fully integrated electrolyzer tested at the facility. The project, partially funded by a 2020 DOE award, aims to study hydrogen production's role in diversifying nuclear plants' profitability.

The system will produce 150 kilograms of hydrogen daily using 250 kilowatts of nuclear-generated electricity, demonstrating 100% efficiency when utilizing nuclear plant waste heat. This efficiency could reduce clean hydrogen production costs by up to 30%. The electrolyzer's modular design, shipped on two flatbed trucks, offers easy scaling and siting capabilities.

The testing will evaluate real-world applications, including thermal energy usage from nuclear reactors, grid dynamics, and reactor control simulation. The system will also be showcased to global energy industry visitors at INL, with produced hydrogen supporting ongoing research in e-chemical synthesis, turbine co-firing, and vehicle refueling.

FuelCell Energy (FCEL) has secured a contract to construct a 7.4 MW fuel cell power plant in Hartford, Connecticut. The project will provide Class 1 renewable baseload power to the local grid under a 20-year power purchase agreement with Eversource and United Illuminating, expected to generate over $160 million in future revenue for the company's generation backlog.

The Hartford project aims to strengthen the public electricity grid in a important commercial and industrial area. The company emphasizes that fuel cells are particularly suitable for urban environments, offering space-efficient, quiet, and emission-free distributed energy. The project will utilize low-emission natural gas without combustion, effectively eliminating SOx, NOx, and particulate matter emissions.

The announcement highlights FuelCell Energy's existing projects, including a 15 MW plant in Bridgeport (since 2012), a 14 MW plant in Derby (since 2023), and a 58.8 MW facility in South Korea's Hwaseong Baran Industrial Complex.