FuelCell Energy, Inc.
8.18+0.55 (+7.21%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · FCEL · USD
Key Stats
Market Cap
264.18MP/E (TTM)
-Basic EPS (TTM)
-9.49Dividend Yield
0%Recent Filings
8-K
Q3 Revenue Surges Amid Restructuring
FuelCell Energy reported Q3 fiscal 2025 revenue of $46.7 million, up 97% year-over-year, fueled by $26.0 million in product sales from Korean fuel cell deliveries, yet net loss widened to $92.5 million due to $64.5 million non-cash impairments on solid oxide assets and $4.1 million restructuring costs. Backlog grew 4% to $1.24 billion, bolstered by a new 20-year Hartford PPA worth $167.4 million and Korean LTSAs. Restructuring sharpens focus on carbonate platforms for data centers. Losses persist, but adjusted metrics improved.
10-Q
Q3 FY2025 results
FuelCell Energy's Q3 FY2025 revenues climbed 97% y/y to $46.7M, fueled by $26.0M in product sales from Korean module deliveries, though gross margins stayed negative at -11.0% amid higher costs. Operating loss widened to $95.4M from $33.6M y/y, driven by a $64.5M impairment on solid oxide assets and $4.1M restructuring charges, while net loss hit $91.9M or $3.78 per diluted share on 24.4M shares. Cash swelled to $174.7M with $51.6M from equity sales, but operating cash burn eased to $102.4M y/y; total debt stood at $123.1M including the $63.6M OpCo facility at ~6.4% effective rate. Backlog edged up 4% to $1.24B, anchored by Korean LTSAs. Solid oxide pivot stings now, but carbonate focus sharpens execution.
8-K
Leadership transition at FuelCell
FuelCell Energy announced the resignation of Executive Vice President and Chief Commercial Officer Michael Hill, effective September 5, 2025, to pursue another opportunity, with no disagreements on company matters. The firm promoted Eric Strayer, a veteran since 2021 with prior stints at Altergy Systems and Doosan Fuel Cell America, to Senior Vice President, Global Head of Sales starting September 8. This leadership shift maintains commercial continuity amid ongoing operations.
8-K
Exec VP Lisowski departs
FuelCell Energy terminated Executive Vice President Michael Lisowski's employment without cause, effective July 4, 2025, following a June 13 separation agreement that provides enhanced benefits including a $400,000.12 severance paid over 12 months, accelerated vesting of 17,218 restricted stock units, pro rata performance stock units, fiscal 2025 incentive eligibility, and 12 months of COBRA support. This move secures a full release of claims and ongoing compliance with non-compete covenants. Leadership transitions carry execution risks.
8-K
FuelCell Q2 revenue surges
FuelCell Energy reported Q2 fiscal 2025 revenue of $37.4 million, up 67% year-over-year, driven by $13.0 million in product sales and $8.1 million in services, yet gross loss widened to $9.4 million amid lower margins. The company unveiled a global restructuring on June 5, 2025, slashing workforce by 22% to 426 employees and targeting 30% operating expense cuts versus fiscal 2024, while pausing solid oxide R&D to prioritize carbonate platforms for data centers and carbon recovery. Backlog swelled 19% to $1.26 billion. Cash burn persists, but restructuring aims to hasten profitability.
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