Shares of FuelCell Energy (FCEL) have gained 4.6% over the past four weeks to close the last trading session at $10.70, 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 $29.61 indicates a potential upside of 176.7%.The average comprises six short-term price targets ranging from a low of $5 to a high of $60.06, with a standard deviation of $21.26. While the lowest estimate indicat ...

A downtrend has been apparent in FuelCell Energy (FCEL) lately with too much selling pressure. The stock has declined 27.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, ...

DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company’s common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024. Today, the Company filed a Certificate of Amendment of the Certificate of Incorporation of the Company with t ...

Company to receive approximately $9.4 million in debt financing; FuelCell Energy to pursue additional financing to support the working capital needs of this transactionFinancing to support purchase agreement for forty-two 1.4-megawatt upgraded carbonate fuel cell modules to replace existing units at GGE’s Hwaseong Baran Industrial Complex DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it has closed on a project debt financing transaction with the ...

Per the U.S. Energy Information Energy (EIA), wind generation in the United States is projected to increase 5% year over year in 2024, which should bode well for the alternative energy stocks. However, the rising price of wind turbines and the strained U.S.-China relationship might negatively impact the growth rate of these stocks. Nevertheless, as the electrification of the transportation sector booms, the U.S. electric vehicle market is expected to register solid growth in the near term. This should bolst ...

Investors might want to bet on FuelCell Energy (FCEL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individu ...

FuelCell Energy, Inc. (NASDAQ:FCEL) Q3 2024 Results Earnings Conference Call September 5, 2024 10:00 AM ET Company Participants Tom Gelston - Senior Executive Vice President, Finance and Investor Relations Jason Few - President and Chief Executive Officer Michael Bishop - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants George Gianarikas - Canaccord Genuity Ryan Pfingst - B. Riley Securities Saumya Jain - UBS Noel Parks - Touhy Brothers Jeffrey Campbell - Seaport ...

Company Performance - FuelCell Energy reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.08, and compared to a loss of $0.06 per share a year ago, indicating an earnings surprise of 12.50% [1] - The company posted revenues of $23.7 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 2.05%, although this represents a decline from year-ago revenues of $25.51 million [1] - Over the last four quarters, FuelCell Energy has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [1] Stock Outlook - FuelCell Energy shares have declined approximately 74.3% since the beginning of the year, contrasting with the S&P 500's gain of 15.7% [2] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $41.83 million, and for the current fiscal year, it is -$0.26 on revenues of $104.19 million [4] Industry Context - The Alternative Energy - Other industry, to which FuelCell Energy belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact FuelCell Energy's stock performance [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-14204 FUELCELL ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 06-0853042 (State or other juri ...

Revenue Performance - Revenue for Q3 Fiscal 2024 was $23.7 million, a decrease of 7% compared to $25.5 million in Q3 Fiscal 2023[1][3][5]. - Total revenues for the three months ended July 31, 2024, were $23.7 million, a decrease from $25.5 million in the same period of 2023, representing a decline of approximately 7%[30]. - Total revenues for the nine months ended July 31, 2024, were $62,806 million, a decrease from $100,932 million in the same period of 2023, representing a decline of approximately 37.7%[32]. Loss and Expenses - Gross loss improved to $(6.2) million, down 25% from $(8.2) million in the prior year[1][3][8]. - Loss from operations decreased by 19% to $(33.6) million from $(41.4) million year-over-year[1][3][9]. - Net loss increased to $(35.1) million, compared to $(23.6) million in Q3 Fiscal 2023, which included a one-time benefit of $15.3 million[1][11]. - The net loss attributable to common stockholders for the three months ended July 31, 2024, was $(33.5) million, compared to $(25.1) million in the same period of 2023, indicating an increase in losses[30]. - Gross loss for the nine months ended July 31, 2024, was $(25,001) million, compared to a gross loss of $(9,071) million in the prior year, indicating a significant increase in losses[32]. - Operating expenses totaled $92,455 million for the nine months ended July 31, 2024, up from $90,637 million in 2023, reflecting a rise of approximately 2%[32]. - The company incurred interest expense of $7,168 million for the nine months ended July 31, 2024, compared to $4,926 million in the previous year, indicating an increase in financing costs[32]. Cash and Assets - Cash and cash equivalents totaled $326.0 million as of July 31, 2024, down from $403.3 million as of October 31, 2023[1][13]. - Cash and cash equivalents, unrestricted, as of July 31, 2024, were $159.3 million, up from $9.7 million as of October 31, 2023[27]. - Total assets as of July 31, 2024, were $948.9 million, a decrease from $955.5 million as of October 31, 2023[27]. - Current liabilities increased slightly to $66.5 million as of July 31, 2024, compared to $65.9 million as of October 31, 2023[27]. - The company reported a current portion of long-term debt of $12.2 million as of July 31, 2024, compared to $10.1 million as of October 31, 2023[27]. Backlog and Revenue Sources - Backlog increased by approximately 12.6% to $1.20 billion from $1.06 billion year-over-year, driven by a long-term service agreement with Gyeonggi Green Energy Co., Ltd.[1][15][17]. - Generation revenues rose 22% to $13.4 million, primarily due to the Toyota and Derby projects[1][6]. - Advanced Technologies contract revenues increased to $8.6 million from $4.7 million, with significant contributions from ExxonMobil-related projects[1][7]. - Product revenues were $0.3 million, recognized under a new sales contract with Ameresco, Inc., with no product revenues in the prior year[1][5][6]. Strategic Focus - The company aims to lower quarterly spending and cash burn while pursuing financing for commercial opportunities[1][14]. - FuelCell Energy is focused on advancing sustainable clean energy technologies to address critical challenges in energy access and environmental stewardship[24]. - The company is positioned to serve a diverse customer base, including industrial and commercial businesses, utilities, and governments, with its proprietary fuel cell technology[24]. Adjusted Performance Metrics - Adjusted EBITDA for the nine months ended July 31, 2024, was $(75,768) million, worsening from $(72,052) million in the prior year, indicating a decline in operational performance[36]. - The company reported a net loss before provision for income taxes of $(117,176) million for the nine months ended July 31, 2024, compared to $(78,017) million in 2023, reflecting a substantial increase in losses[32]. - Research and development expenses for the nine months ended July 31, 2024, were $43,796 million, slightly up from $43,000 million in the same period of 2023[32]. - The basic and diluted loss per share attributable to common stockholders for the nine months ended July 31, 2024, was $(0.19), unchanged from the same period in 2023[32]. - The company recorded a mark-to-market net loss of $5.1 million related to natural gas purchase contracts for the nine months ended July 31, 2024, with no comparable loss in the prior year[38].