(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 millionGross loss of $(6.2) million compared to $(8.2) millionLoss from operations of $(33.6) million compared with $(41.4) millionNet loss per share was $(0.07) compared with $(0.06) which included a $0.04 one-time debt extinguishment benefit in the third quarter of 2023 DANBURY, Conn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its third q ...

Core Insights - FuelCell Energy participated in the Investing in Green Hydrogen 2024 summit, focusing on scaling critical technologies in hydrogen production [1][5] - The company showcased its Solid Oxide Electrolyzer platform, which achieves nearly 90% electrical efficiency and can reach 100% efficiency with excess heat [2][3] - FuelCell Energy's Tri-gen platform produces hydrogen, power, and water from renewable biogas, LNG, or natural gas, offering a lower carbon footprint compared to conventional methods [3] Company Overview - FuelCell Energy is a global leader in sustainable energy technologies, holding 531 fuel cell technology patents [6] - The company provides sustainable products and solutions to businesses, utilities, governments, and municipalities [6] Event Highlights - Investing in Green Hydrogen 2024 brought together over 800 decision-makers from more than 55 countries to discuss hydrogen's role in achieving a sustainable future [5] - The summit included forums on long-term offtake agreements and decarbonization across various industries, including aviation and chemicals [5]

DANBURY, Conn., Aug. 22, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc., (Nasdaq: FCEL), a global leader in sustainable energy technologies for the delivery of energy and emissions management, announced that a $5.9 million CAD grant from Natural Resources Canada’s Clean Fuels Fund (CFF) will finance two projects utilizing its electrolyzer technology to produce synthetic fuel (power-to-liquid (PtL)) or “eFuel.” These innovative projects are being carried out with Canadian Nuclear Laboratories (CNL), Expander ...

Core Viewpoint - FuelCell Energy is significantly undervalued on Wall Street, presenting a potential investment opportunity as the company is poised for a "snapback effect" in its stock price [1]. Group 1: Partnerships and Collaborations - FuelCell Energy has established a partnership with Exxon Mobil to develop a carbon-capture technology pilot plant [2]. - The company is collaborating with the University of Connecticut to provide solid oxide fuel cell technology, indicating a commitment to sustainability [2]. - In Korea, FuelCell Energy has agreed to sell 42 upgraded carbonate fuel cell modules to Gyeonggi Green Energy, which is part of the world's largest fuel cell power platform [3]. Group 2: Financial Position and Market Context - As of April 30, FuelCell Energy reported cash and cash equivalents totaling $313.2 million, indicating a strong capital position despite market challenges [5]. - The stock has been negatively impacted by a high-interest-rate environment, leading investors to favor larger, more stable companies over smaller startups [4]. - There are signs that the market may soon recognize FuelCell Energy's true value as inflation trends suggest potential interest rate cuts [4]. Group 3: Stock Valuation - FuelCell Energy's stock is currently trading below $1, which is considered an attractive entry point for investors [6]. - The stock is viewed as "senselessly cheap," especially near the 50 cents mark, making it a compelling investment opportunity [6].

Group 1 - FuelCell Energy is experiencing positive momentum in the Korean market following a successful event on June 28, which focused on accelerating Korea's energy transition with advanced fuel cell solutions [1] - The company's president and CEO, Jason Few, expressed satisfaction with the interest shown by the Korean energy industry and indicated plans for further market growth after 20 years of supplying carbonate fuel cells in the Asia region [1] Group 2 - Following the positive reception of the event, FuelCell Energy's stock (FCEL) saw a trading increase, with over 49.6 million shares changing hands, surpassing its daily average of approximately 48.3 million shares [2] - As of Thursday afternoon, FCEL stock rose by 6.4%, although it has declined by 58.6% since the beginning of the year [2]

STORRS, Conn. and DANBURY, Conn., June 25, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and the University of Connecticut (UConn) have announced that UConn will use FuelCell Energy’s solid oxide fuel cell technology for its Innovation Partnership Building (IPB) at the UConn Tech Park on its Storrs Campus. Four of FuelCell Energy’s 250-kilowatt solid oxide fuel cells, with a combined one megawatt of electricity generation capability, will provide power and thermal energy to support current a ...

Core Insights - FuelCell Energy, Inc. has partnered with the University of Connecticut (UConn) to implement solid oxide fuel cell technology at UConn's Innovation Partnership Building, enabling independent power generation and thermal energy support [1][4] - UConn aims to achieve carbon neutrality by 2030, with the FuelCell Energy project being a significant part of its sustainable energy initiatives [2][3] - The project will be executed in two phases, with a total of four 250-kilowatt fuel cells providing a combined capacity of one megawatt [1][5] Company Overview - FuelCell Energy is a global leader in sustainable energy technologies, holding 531 fuel cell technology patents and providing solutions for businesses, utilities, and municipalities [7][8] - The company's solid oxide fuel cell system operates on various fuels, including 100% hydrogen, and is designed for high efficiency and low emissions [7] University of Connecticut Initiatives - UConn is recognized for its commitment to sustainable energy and innovation, with plans to transform its Storrs campus to carbon neutral by 2030 [2][3] - The university will oversee technical work for regional groups in a Department of Energy decarbonization project, positioning its campus as a key support center [3] Project Details - The FuelCell Energy project will integrate into a building microgrid, allowing for the export of unused power to the local utility grid [5] - Each fuel cell unit will operate in combined heat and power mode, enhancing energy efficiency within the existing thermal system [5][6]

Core Insights - FuelCell Energy reported disappointing Q2/FY2024 results, characterized by negative gross margins and significant cash burn [3][23] - The company continues to face relentless dilution of common shares due to high cash usage and ongoing financing needs [5][23] - Preferred shares offer a 13.2% annualized dividend yield, making them attractive for income-oriented investors despite the company's operational challenges [21][23] Financial Performance - Total revenue for Q2/FY2024 was $22.4 million, a decrease from $44 million in Q1/FY2024 [4] - Gross margin was -31.6%, significantly lower than the company's typical range of 40%-50% [4][14] - Adjusted EBITDA for Q2/FY2024 was -26.5 million, indicating ongoing operational losses [4] Cash Flow and Liquidity - The company reported a negative cash flow from operations of $37.1 million for Q2/FY2024 [4] - Unrestricted cash and short-term investments decreased to $260.1 million, with additional liquidity available through an amended sales agreement [6][9] - The company raised $31.7 million from selling 38.6 million shares after the quarter-end, indicating ongoing reliance on equity financing [5][7] Backlog and Future Prospects - The backlog increased slightly to $1,061.5 million, supported by a new long-term service agreement with Gyeonggi Green Energy worth approximately $160 million [11][15] - The service agreement is expected to generate revenue starting in FY2025, with commissioning of new fuel cell modules scheduled between 2024 and 2026 [19][18] - The company has reduced its FY2024 spending plans by $30 million, primarily due to project delays [9] Market Position and Strategy - FuelCell Energy's generation segment saw revenue growth to $14.1 million in Q2/FY2024, although gross margins remained negative [14] - The company is focusing on expanding its manufacturing capacity and R&D investments, with capital expenditures targeted between $45 million and $60 million [10] - The ability to issue additional common shares remains crucial for maintaining liquidity and funding ongoing operations [9][23]

FuelCell Energy TodayFCELFuelCell Energy$0.98 +0.11 (+12.66%) 52-Week Range$0.64▼$2.94Price Target$1.83Add to WatchlistFuelCell Energy NASDAQ: FCEL is up a solid 20% following its latest earnings release on dubious news and hope. The move confirms a technical reversal in the share price, but the report's detail belies the technical outlook. The downtrend will likely continue because the stock is well below its downtrend line, with losses widening. The takeaway is that FuelCell Energy's stock price is headin ...

• • • Key Milestones JDA Creates Multiple Opportunities Focus on Commercial Deployment • • • FCEL • FCEL ExxonMobil • • • ...