FuelCell Energy, Inc. (NASDAQ:FCEL ) Q2 2025 Earnings Conference Call June 6, 2025 10:00 AM ET Company Participants Jason B. Few - President, CEO & Director Michael S.
FuelCell Energy (FCEL) came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.51. This compares to loss of $2.10 per share a year ago.
Second Quarter Fiscal 2025 Summary (All comparisons are year-over-year unless otherwise noted) Revenue of $37.4 million, compared to $22.4 million, an increase of approximately 67% Gross loss of $(9.4) million compared to $(7.1) million, an increase of approximately 33% Loss from operations of $(35.8) million compared with $(41.4) million, a decrease of approximately 13% Net loss per share was $(1.79) compared with $(2.18), a decrease of approximately 18% Backlog of $1.26 billion, compared to $1.06 billion, an increase of approximately 19% Current Business Update Announcing restructuring plan to reduce operating expenses by 30% on an annualized basis compared to operating expenses incurred in fiscal year 2024 Focusing commercial efforts on carbonate-based distributed generation, including data center, grid resilience and reliability, and carbon recovery applications Refocusing solid oxide development efforts on electrolysis validation and demonstration – pausing R&D activity Addition of Mike Hill as Chief Commercial Officer DANBURY, Conn., June 06, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today reported financial results for its second quarter ended April 30, 2025.
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Electrical Equipment & Parts Industry | Industrials Sector | Mr. Jason B. Few CEO | XMIL Exchange | US35952H7008 ISIN |
US Country | 584 Employees | - Last Dividend | 11 Nov 2024 Last Split | 25 Jun 1992 IPO Date |
FuelCell Energy, Inc., with a comprehensive portfolio of subsidiaries, stands out in the renewable energy sector through manufacturing and commercializing stationary fuel cell and electrolysis platforms aimed at decarbonizing power generation and producing hydrogen. The company is known for delivering versatile configurations and applications that cater to a wide range of energy needs including on-site power generation, utility grid support, and innovative microgrid solutions. Additionally, FuelCell Energy is pioneering in solid oxide-based electrolysis, long-duration hydrogen-based energy storage, and cutting-edge electrolysis technology. It also specializes in carbon capture, separation, and utilization systems, providing a holistic approach to electricity, heat, hydrogen, and water production. Headquartered in Danbury, Connecticut, and founded in 1969, the company has established a strong presence in key markets across the United States, South Korea, and Europe, serving a diverse clientele across various sectors.
Offers customized configurations to cater to on-site power generation requirements, support utility grids, and enable the deployment of microgrids for enhanced energy reliability and efficiency.
Provides innovative solutions for hydrogen production that support a wide array of applications, including industrial processes and clean mobility.
Leverages solid oxide technology for high-efficiency electrolysis, paving the way for sustainable hydrogen production and long-duration energy storage solutions.
Develops technologies aimed at capturing and utilizing carbon emissions, contributing to the reduction of greenhouse gas emissions and advancement of clean energy goals.
Delivers diverse technological solutions that produce vital resources with minimized environmental impact, driving forward the agenda of sustainability and efficiency.
Offers comprehensive turn-key services encompassing development, engineering, procurement, construction, interconnection, and operation, ensuring seamless project execution.
In serving a broad spectrum of market segments, including but not limited to utilities, industrial applications, data centers, healthcare, and government, FuelCell Energy caters to the evolving demands for clean energy solutions. The company has particularly made strides in sectors such as wastewater treatment, hospitality, manufacturing, and transportation, emphasizing the vast applicability of its technologies. Additionally, it partners with engineering, procurement, and construction firms to further extend its impact across various industries and projects, including renewable energy initiatives like wind and solar, showcasing its commitment to innovation and sustainability in energy.