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) has been awarded four projects totaling 11.2 megawatts by Connecticut's electric distribution companies as part of the Shared Clean Energy Facility Program. Each project will generate 2.8 megawatts of clean energy, sufficient to power 3,000 homes. The projects, located in New Britain, East Hartford, Derby, and Danbury, will enhance Connecticut’s clean energy goals and grid resiliency. FuelCell Energy aims to finalize power purchase agreements and site approvals to commence these projects, which promise environmental benefits and continuous, reliable energy.
FuelCell Energy, Inc. (Nasdaq: FCEL) announced the award of four projects totaling 11.2 megawatts by Connecticut local distribution companies under the Shared Clean Energy Facility program. Each of the four power plants will provide 2.8 megawatts of clean energy, enough to power approximately 12,000 homes. The projects are located in New Britain, East Hartford, Derby, and Danbury, supporting Connecticut's clean energy goals. The company aims to enhance grid resiliency and deliver pricing benefits to electric customers under 20-year agreements.
FuelCell Energy (NASDAQ: FCEL) has been awarded $3.0 million by the U.S. Department of Energy to enhance the development of its Reversible Solid Oxide Fuel Cell Systems. This funding will focus on improving performance and advancing commercialization efforts. The project aims to efficiently convert excess power into hydrogen for long-term storage, contributing to clean energy solutions. CEO Jason Few emphasized the urgent need for cost-effective long-duration energy storage in light of increasing intermittent energy sources on the grid.
FuelCell Energy (FCEL) reported a net loss of $(15.3) million for Q3 FY2020, up from $(5.3) million a year prior. Revenues decreased by 18% to $18.7 million, driven by a 38% decline in Service and License revenues. Operating expenses fell 16% to $7.6 million. The company's backlog decreased by 3.9% to $1.33 billion. Despite these challenges, FCEL raised $70.1 million through share offerings to bolster liquidity and growth potential.
FuelCell Energy (NASDAQ: FCEL) announced its third quarter results release scheduled for September 10, 2020, before the market opens. Management will hold a conference call that day at 10:00 a.m. Eastern Time to discuss the results. Participants can join via webcast or by phone at 647-689-4106 using the conference ID 7085463. FuelCell Energy focuses on developing environmentally responsible power solutions utilizing its proprietary fuel cell technology, appealing to various markets including utility companies and municipalities.
FuelCell Energy (Nasdaq: FCEL) has resumed manufacturing at its Torrington, CT facility, temporarily closed due to COVID-19 on March 18, 2020. During the shutdown, the company maintained employee pay and continued research on carbon capture and hydrogen technology agreements. The CEO highlighted safety measures implemented for reopening, including social distancing protocols. The company is committed to compliance with Connecticut’s economic guidelines and is progressing on several projects, including a 7.4 MW fuel cell project for the U.S. Navy.
FuelCell Energy reported second quarter fiscal 2020 revenues of $18.9 million, a remarkable 105% increase year-over-year. The loss from operations improved significantly to $(8.1) million compared to $(17.6) million the previous year. The net loss decreased to $(14.8) million, while adjusted EBITDA was $(3.3) million. The company's backlog grew to $1.34 billion, marking a 6% increase. FuelCell continues to focus on its Powerhouse business strategy while navigating challenges posed by the COVID-19 pandemic.
FuelCell Energy (NASDAQ: FCEL) announces the release of its second quarter results scheduled for June 12, 2020, prior to market opening. The management will host a conference call for investors at 10:00 a.m. ET on the same day to discuss the results. Investors can join the call via webcast on the company’s website or by phone, with a replay available shortly after. FuelCell Energy is a leader in developing clean energy solutions using fuel cell technology, aiming to reduce the global environmental footprint of power generation.
Summary not available.
Summary not available.