Welcome to our dedicated page for Fuelcell Energy news (Ticker: FCEL), a resource for investors and traders seeking the latest updates and insights on Fuelcell Energy stock.
FuelCell Energy, Inc. (Nasdaq: FCEL) is a clean energy technology company focused on high-temperature fuel cell platforms for distributed and utility-scale power. The FCEL news feed on Stock Titan aggregates company announcements, earnings releases, project updates and strategic developments that shape its role in the evolving power and data center markets.
Investors and analysts following FCEL news will find regular updates on quarterly and fiscal year financial results, including revenue trends across product, service, generation and advanced technologies segments, as well as commentary on restructuring actions and cost management. The company’s press releases also provide insight into its backlog of contracted projects, long-term service agreements and power purchase agreements.
FuelCell Energy’s news often highlights commercial milestones such as agreements with utilities and independent power producers, repowering projects in the Republic of Korea, and financing transactions with institutions like the Export-Import Bank of the United States. Announcements have detailed multi-megawatt module deliveries, long-term service agreements for fuel cell platforms, and strategic memoranda of understanding related to AI-specialized hyperscale data centers.
Corporate governance and leadership changes are also disclosed through FCEL news, including appointments and departures in key executive roles. In addition, the company issues statements on energy policy and legislative developments that affect fuel cell incentives, tax credits and hydrogen-related investments, offering context on how public policy interacts with its business model.
This page provides a centralized view of FCEL-related headlines so readers can monitor financial performance disclosures, project wins, international expansion, capital-raising activity and strategic shifts in FuelCell Energy’s focus on carbonate-based distributed generation and data center opportunities.
FuelCell Energy (Nasdaq: FCEL) appointed Donna Sims Wilson as an independent director effective August 13, 2021. With over 37 years of experience in investment banking and asset management, Wilson is COO of Kah Capital Management and has extensive governance experience with organizations like the Export Import Bank of the United States. Her track record in business extensions and new product launches will support FuelCell's strategic initiatives and global expansion as the company focuses on clean energy solutions.
FuelCell Energy (Nasdaq: FCEL) announced a $15 million tax equity financing with East West Bank for a 7.4 MW fuel cell project at the U.S. Navy Submarine Base in Groton, CT. This financing allows FuelCell to retain most long-term cash flow and improve return on equity. The project is expected to reach commercial operation by the end of September 2021. This partnership aligns with the U.S. Navy's decarbonization goals and enhances energy resilience.
FuelCell Energy (Nasdaq: FCEL) appointed Andrea Jones as the new Chief People Officer. With extensive experience in leading HR functions, she previously worked at Bigelow Tea and is known for her success in change management within the manufacturing sector. CEO Jason Few emphasizes her role in enhancing company culture and recruiting talent to support FuelCell Energy's growth strategy. The company focuses on sustainable clean energy solutions, catering to large-scale and sub-megawatt power users globally.
FuelCell Energy, Inc. (Nasdaq: FCEL) applauds the signing of Connecticut House Bill 6524, which mandates utilities to solicit proposals for new fuel cell electricity generation starting July 1, 2021. Projects will be evaluated for enhancing grid reliability and supporting microgrids. The bill allocates 30 megawatts of fuel cell capacity to local distribution companies, with preference for projects on brownfields and those manufactured in Connecticut. CEO Jason Few highlighted the bill's potential to bolster the state's electrical grid and environment.
FuelCell Energy, Inc. (Nasdaq: FCEL) achieved a significant legal victory as the Delaware Court of Chancery denied POSCO Energy's request to inspect the company's records. The ruling on July 9, 2021, concluded that POSCO Energy's motives were improper, marking a rare defense success in such cases. CEO Jason Few emphasized the company's commitment to ethical standards and its focus on expanding in the Asian energy market. FuelCell Energy, a leader in sustainable clean energy technology, continues to drive innovations aimed at transforming energy use globally.
FuelCell Energy, Inc. (NASDAQ: FCEL) has commenced commercial operation of its 1.4 megawatt SureSource 1500™ biofuels fuel cell project in collaboration with the San Bernardino Municipal Water Department in California. This project utilizes on-site methane gas to generate clean energy, thus reducing emissions from flaring. The facility is expected to comply with local air quality regulations while providing electricity to the water reclamation plant under a 20-year Power Purchase Agreement. With this addition, FuelCell Energy's total generation capacity reaches 34 megawatts.
On June 23, 2021, FuelCell Energy (FCEL) announced the appointment of Betsy Schaefer as the new Chief Marketing Officer. Schaefer, with a background in corporate communications and marketing at IBM, is expected to enhance FuelCell Energy's brand strategy and customer engagement.
Her expertise will be vital as the company aims to communicate its value in terms of energy transition and decarbonization. President and CEO Jason Few emphasized her role in educating policymakers about the benefits of fuel cell technology.
FuelCell Energy reported its second quarter fiscal 2021 results, highlighting revenues of $14.0 million, down 26% from the previous year. The company faced a gross loss of $(4.8) million, compared to a gross profit of $0.2 million in the same quarter last year. Loss from operations rose to $(17.4) million, a 114% increase. The backlog stood at $1.32 billion, a slight decline of 1.5% year-over-year. Despite challenges, FuelCell Energy aims to achieve a production rate of 45 MW by fiscal year-end 2021, supported by new projects.
FuelCell Energy, Inc. (Nasdaq: FCEL) announces the resignation of Jennifer D. Arasimowicz, Executive Vice President and General Counsel, effective June 25, 2021. Her leadership has significantly expanded the company's legal and compliance capabilities. Joshua Dolger will serve as Interim General Counsel, aiding in a smooth transition while the Board searches for a permanent replacement. CEO Jason Few commended Arasimowicz for her contributions to FuelCell Energy's growth in the clean energy sector, emphasizing the company's commitment to sustainable energy solutions.
FuelCell Energy (NASDAQ: FCEL) has announced its second-quarter results are set to be released prior to the Stock Market Open on June 10, 2021. Management will host a conference call at 10:00 a.m. Eastern Time to discuss the results. Investors can access the live call via webcast on the company’s website or by telephone. FuelCell Energy specializes in clean energy technologies, offering sustainable solutions for various sectors, including utilities and municipalities.
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