FuelCell Energy, Inc. (FCEL) Q3 2024 Earnings Call Transcript
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 Research Partners Operator Thank you for standing by and welcome to the FuelCell Energy Third Quarter of Fiscal 2024 Financial Results Conference Call.
FuelCell Energy (FCEL) Reports Q3 Loss, Tops Revenue Estimates
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 $0.06 per share a year ago.
FuelCell Energy Reports Third Quarter of Fiscal 2024 Results
(All comparisons are year-over-year unless otherwise noted) Revenue of $23.7 million compared to $25.5 million Gross loss of $(6.2) million compared to $(8.2) million Loss from operations of $(33.6) million compared with $(41.4) million Net 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 quarter ended July 31, 2024.
FuelCell Energy Participates in Panel Discussion on Scaling Technologies in Hydrogen Production at Investing in Green Hydrogen 2024
DANBURY, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced its participation in a discussion on “Scaling Critical Technologies in Hydrogen Production” at Investing in Green Hydrogen 2024 (IGH2024). IGH2024 on Sept. 2-3, 2024, at the Queen Elizabeth II Centre in London.
FuelCell Energy Announces Major Clean Fuel Fund Support for eFuel Projects in Canada
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.
FuelCell Energy to ask shareholders to vote on another reverse stock split
FuelCell Energy Inc. said Tuesday it will hold a special meeting of shareholders to ask them to vote on a proposal that will allow the fuel-cell technology company to enact a reverse stock split.
Cheap Beyond Belief: FuelCell Energy Stock Has Ridiculous Upside Potential
Hydrogen hopefuls, listen up! FuelCell Energy (NASDAQ: FCEL ), the Connecticut-headquartered hydrogen-production company, is absurdly underappreciated on Wall Street.
FCEL Stock Alert: FuelCell Energy Pops on Korean Market Update
FuelCell Energy (NASDAQ: FCEL ) stock is getting a boost on Thursday after the company provided investors with an update on its business in the Korean market. FuelCell Energy says that its expansion into the Korean market is going well.
FuelCell Energy to Help Power UConn's Innovation Drive Towards 2030 Carbon Neutrality with Solid Oxide Fuel Cells on Storrs Campus
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.
3 Stocks to Sell Faster Than the Market Can Say ‘Crash'
The market continues to hit record highs and macroeconomic reports suggest that the economy is finally healing from high inflation. This all adds up to make one of the most ferocious bull markets in recent memory.
FuelCell Energy: Relentless Dilution Bodes Well For Preferred Stockholders
FuelCell Energy reported uninspiring Q2/FY2024 results with negative gross margins and significant cash burn. With open market sales remaining the company's primary funding source, relentless dilution for common shareholders continued. Subsequent to quarter-end, the company signed a $160 million long-term service agreement in Korea, which should boost revenues significantly starting in FY2025.
FuelCell Energy Ignites Short-Covering Rally, Don't Buy Into It
FuelCell 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.
