FuelCell Energy, Inc. (NASDAQ:FCEL) Q2 2024 Earnings Conference Call June 10, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance & Investor Relations Jason Few - President & Chief Executive Officer Mike Bishop - Executive Vice President, Chief Financial Officer & Treasurer Mark Feasel - Executive Vice President & Chief Commercial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Saumya Jain - UBS Ryan Pfingst - B Riley Noel Parks - Touhy Bro ...

It's only thanks to the magic of stock dilution that FuelCell's losses seemed to decline.FuelCell Energy (FCEL 17.36%) stock roared ahead 13% through 10:35 a.m. ET Monday after the renewable energy company beat analyst forecasts for the second quarter of 2024.Heading into the quarter, Wall Street expected FuelCell to lose $0.08 per share on $21.4 million in sales. FuelCell did lose money, but only $0.07 per share. Its sales of $22.4 million likewise exceeded expectations. FuelCell's Q2 earningsDespite inves ...

FuelCell Energy (NASDAQ:FCEL) stock is in the green despite reporting a 42% revenue drop in its fiscal second-quarter earnings. Revenue tallied in at $22.4 million compared to $38.3 million a year ago. Furthermore, FuelCell remains unprofitable with a net loss of $37.65 million compared to a loss of $33.91 million a year ago. Net loss attributable to common stockholders improved to $32.94 million from $35.10 million.The green hydrogen company’s revenue is composed of four segments: service agreements, gener ...

FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this fuel cell power plant maker would post a loss of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of 37.50%.Over the last four quarters, the ...

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Exhibit 99.1 FuelCell Energy Reports Second Quarter of Fiscal 2024 Results Second Quarter Fiscal 2024 Summary (All comparisons are year-over-year unless otherwise noted) ● Revenue of $22.4 million, compared to $38.3 million ● Gross loss of $(7.1) million compared to $(6.1) million ● Loss from operations of $(41.4) million compared with $(35.9) million ● Net loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global lead ...

Second Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 millionGross loss of $(7.1) million compared to $(6.1) millionLoss from operations of $(41.4) million compared with $(35.9) millionNet loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-a ...

Second Quarter Fiscal 2024 Summary(All comparisons are year-over-year unless otherwise noted) Revenue of $22.4 million, compared to $38.3 millionGross loss of $(7.1) million compared to $(6.1) millionLoss from operations of $(41.4) million compared with $(35.9) millionNet loss per share was $(0.07) compared with $(0.09) DANBURY, Conn., June 10, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the- ...

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world's largest fuel cell power platform, located in Hwaseong-si. The agreement, which ...

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si. The agreement, which ...