DANBURY, Conn., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a Connecticut-based global leader in delivering clean, innovative fuel cell solutions for the supply, recovery, and storage of energy, announced that it will build a 7.4 MW fuel cell power plant in Hartford, Conn. The project will deliver Class 1 renewable baseload power to the local grid in support of the state’s Renewable Portfolio Standard. The power produced by the fuel cell plant will be sold to the local distributi ...

Core Insights - The company is undergoing a global restructuring aimed at enhancing its operations and focusing on core technologies related to distributed power generation, grid resiliency, and data center growth, which is expected to strengthen its position by 2025 [1][5]. Financial Performance - FuelCell Energy (FCEL) shares have seen an 11.5% decline over the past month, which is greater than the 7% decline in its industry [3]. - The fiscal fourth quarter 2024 results showed earnings per share lower than estimates, indicating potential challenges ahead [3]. - As of October 31, 2024, the company's backlog increased by nearly 13.1% year-over-year to $1.16 billion, up from $1.03 billion a year earlier, primarily due to the GGE Agreement [6]. Earnings Estimates - The Zacks Consensus Estimate for FCEL's fiscal 2025 earnings per share indicates a year-over-year growth of 29.44%, while revenue is expected to grow by 61.66% [18]. - Current earnings estimates for the upcoming quarters show a projected EPS of -1.70 for Q1 2025 and -5.44 for the current year [8]. Debt and Valuation - The company maintains a lower debt level compared to industry peers, with a debt to capital ratio of 16.86%, significantly lower than the industry average of 61.17% [10]. - FCEL is currently trading at a forward 12-month P/E ratio of -1.81, contrasting with the industry average of 23.44 [20]. Market Position and Future Outlook - The company is expected to benefit from the increasing acceptance of fuel cell technology and growing concerns about emissions, as indicated by the rising backlog [13]. - Through restructuring, the company aims to reduce operating costs by nearly 15% year-over-year in fiscal 2025 [16].

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

The Company continues to invest in capability with the goal of reducing production bottlenecks and driving productivity, including investments in automation, laser welding, and the construction of additional integrated conditioning capacity. The Company also constructed a SureSource 1500 in Torrington during fiscal year 2022, which operates as a testing facility for qualifying new supplier components and performance testing and validation of continued platform innovations, including carbon recovery. During ...

FuelCell Energy TodayFCELFuelCell Energy$10.42 +1.09 (+11.68%) 52-Week Range$5.45▼$55.20Price Target$10.23Add to WatchlistFuelCell Energy’s NASDAQ: FCEL FQ4 2024 report had plenty of positive details, but the net result was not good. The company struggles to gain traction, losses continue to mount, and short interest grows, likely pushing the market lower.  Short interest, which was running above 25% at the end of November, was up 20% sequentially, helping to cap December market gains. However, the real da ...

FuelCell Energy, Inc. (NASDAQ:FCEL) Q4 2024 Earnings Conference Call December 19, 2024 10:00 AM ET Company Participants Tom Gelston - Investor Relations Jason Few - President & Chief Executive Officer Mike Bishop - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Saumya Jain - UBS Noel Parks - Tuohy Brothers Dushyant Ailani - Jefferies Operator Good morning, ladies and gentlemen, and thank you for standing by. My name is Abby, a ...

FuelCell Energy (FCEL) came out with a quarterly loss of $2.10 per share versus the Zacks Consensus Estimate of a loss of $1.64. This compares to loss of $2.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.05%. A quarter ago, it was expected that this fuel cell power plant maker would post a loss of $2.40 per share when it actually produced a loss of $2.10, delivering a surprise of 12.50%.Over the last four quarters, the ...

Restructuring Plan - FuelCell Energy, Inc. announced a restructuring plan and workforce reduction, aiming to reduce operating costs and align its workforce with business needs[3] - The company reduced its workforce by approximately 13%, equating to 75 employees, with the restructuring expected to be substantially completed by the end of Q1 fiscal year 2025[5] - Estimated restructuring-related costs are projected to be between $1.7 million and $2.0 million, primarily for severance payments and employee termination benefits[6] - The restructuring plan is part of a broader strategy to enhance operational efficiency across the U.S., Canada, and Germany[5] - The restructuring is aimed at better aligning the workforce with customer needs, indicating a focus on customer-centric operations[5] - The company will record the restructuring charges in the first quarter of fiscal year 2025[6] Financial Impact and Guidance - Forward-looking statements indicate potential risks and uncertainties regarding the effectiveness and financial impact of the restructuring plan[8] - The restructuring plan may incur unanticipated costs, which could affect the overall financial performance of the company[8] - The company has not provided specific guidance on future revenue or performance metrics following the restructuring announcement[8] Financial Reporting - The company is expected to report its total cash and cash equivalents, restricted cash, and short-term investments as of October 31, 2024, in a forthcoming press release[3]

Fourth Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $49.3 million, compared to $22.5 millionGross loss of $(10.9) million compared to $(1.5) millionLoss from operations of $(41.0) million compared with $(36.4) millionNet loss per share was $(2.21) compared with $(2.07) Fiscal Year 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $112.1 million, compared to $123.4 millionGross loss of $(35.9) million compared to $(10.5) mi ...

Shares of FuelCell Energy (FCEL) have gained 70.5% over the past four weeks to close the last trading session at $11.95, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $29.40 indicates a potential upside of 146%.The mean estimate comprises six short-term price targets with a standard deviation of $21.44. While the lowest estimate of $5 indicates a 58.2% decline from the current ...