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.
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.
FuelCell Energy, Inc. (NASDAQ: FCEL) announced the appointment of Cynthia Hansen as a new independent director, effective May 25, 2021. Hansen brings over 20 years of experience in the energy sector, currently serving as Executive Vice President at Enbridge, focusing on gas distribution and storage. Her expertise includes hydrogen technology and energy transition strategies. This addition expands the board to six directors, enhancing strategic insights for FuelCell Energy as it aims to lead in clean energy solutions.
FuelCell Energy, Inc. (FCEL) has received an $8 million Phase 2 funding award from the U.S. Department of Energy to advance its solid oxide fuel cell (SOFC) technology aimed at ultra-high efficiency power generation. This funding supports the ARPA-E project, targeting electrical efficiency over 70%. The ongoing development also enhances the company's electrolysis capabilities for hydrogen production, advancing its long-duration energy storage solutions. The SOFC systems are scalable and integral to the company's clean energy transition strategies.
FuelCell Energy reported a revenue decline of 9% to $14.9 million for Q1 Fiscal 2021, down from $16.3 million. The company incurred a gross loss of $3.6 million, compared to a gross profit of $3.3 million a year prior. Its backlog decreased by $93.8 million to $1.27 billion. The net loss increased to $46 million from $40.2 million year-over-year, with net loss per share at $0.15. The company commenced testing a solid oxide electrolysis hydrogen platform and secured a 20-year power purchase agreement for a 2.8 MW project in Derby, CT, expected to generate $59.4 million in future revenue.
FuelCell Energy (Nasdaq: FCEL) has joined Hydrogen Europe, a leading association for the hydrogen and fuel cell industry. This partnership aims to accelerate the hydrogen economy, leveraging FuelCell Energy's 50 years of expertise in fuel cell technology. CEO Jason Few emphasized the company's commitment to becoming a key player in distributed hydrogen production, backed by two decades of investment in hydrogen tech. The company operates a manufacturing and service center in Germany, catering to the European market.
FuelCell Energy (NASDAQ: FCEL) is set to release its first quarter results for fiscal 2021 on March 16, 2021, before the stock market opens. Following the announcement, management will host a conference call for investors at 10:00 a.m. ET to discuss these results. Investors can access the live call via webcast on the company’s website or by telephone. The company, a leader in fuel cell technology, aims to provide clean energy solutions to various sectors, including utilities and government entities, highlighting its commitment to sustainability.
FuelCell Energy (FCEL) reported a 54% increase in fourth-quarter revenues, reaching $17.0 million, compared to $11.0 million the previous year. For the fiscal year 2020, total revenues increased 17% to $70.9 million. The company achieved a significant reduction in loss from operations, reporting $(17.1) million compared to $(33.0) million in the previous year. However, the net loss for FY 2020 widened to $(89.1) million vs. $(77.6) million in FY 2019. Despite a 2.5% decrease in backlog to $1.29 billion, FuelCell remains focused on clean energy innovations and operational improvements.