La chaîne d'options affiche les données clés des options sur actions de FuelCell Energy à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour FuelCell Energy..

FuelCell Energy (NASDAQ:FCEL) Stock, Chaîne d'Options

FuelCell Energy

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that decarbonize power and produce hydrogen. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.

FuelCell Energy Inc

FUELCELL ENERGY INC PFD B by FuelCell Energy, Inc.

Wells Fargo analyst Praneeth Satish maintains FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) with a Underweight and lowers the price target from $30 to $5.

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Analyst Ratings

FCEL

Wells Fargo Maintains Underweight on FuelCell Energy, Lowers Price Target to $5

Wall Street is speculating on the effects of possible Donald Trump policy changes when he takes office in January 2025. JPMorgan analyst Virgina Martin Heriz weighs in on the potential impacts of a second Trump <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">presidency on sustainable investing.&nbsp;</a>
Onshoring: Heriz sees a second Trump administration modifying the Inflation Reduction Act (IRA), but doing so with a "scalpel, not a sledgehammer." 
The JPMorgan analyst sees the domestic content portions of the IRA as the "most safe incentives" due to bi-partisan support of supply chain onshoring. Heriz points to First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), SunRun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) and Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) as clean tech companies particularly positioned to benefit from supply chain onshoring. 
Read More: <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a>
Hydrogen: Heriz also sees the 45V tax credit for clean hydrogen producers as likely to stay due to strong backing from traditional energy companies and Republican-leaning areas. Clean hydrogen companies including FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) and Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) are likely safe from policy changes under a second Trump administration, according to Heriz.&nbsp;&nbsp;
EV Incentives: The analyst does expect subsidies for electric vehicles to be downsized or repealed, including the 30D clean vehicle tax credit of up to $7,500 on the purchase of a qualifying EV. Additionally, Heriz anticipates tightening EV charging incentives like the 30C tax credit that covers up to 30% of the cost of each charger. Some companies that could be negatively impacted by the repeal of EV and related charging incentives include EVgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), ChargePoint Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NASDAQ">CHPT</a>) and Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>).&nbsp;
Oil &amp; Gas: Domestic oil and gas production is more influenced by market prices and global supply and demand rather than government policies, Heriz said. For this reason, the analyst expects a potentially reduced regulatory burden to be "helpful to the industry, but not life-changing in the short-term."
The Take-Away: While Heriz does expect policy changes to affect sustainable investing under the second Trump administration, she said that outflows in sustainable investing are mainly motivated by underperformance.&nbsp;
"Fund performance matters far more than politics," the JPMorgan analyst said.&nbsp;
Read Next:&nbsp;
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Photo: Earth phakphum via Shutterstock

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PLUG

Sustainable Investment Under Trump: 'Performance Matters Far More Than Politics,' JPMorgan Analyst Says

Shares of FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) are trading lower Tuesday, potentially in response to Plug Power's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) disappointing third-quarter financial report. Here&#8217;s <a href="https://www.benzinga.com/news/24/11/41851385/why-fuelcell-energy-fcel-stock-hit-a-new-52-week-low-today">what you need to know.</a>
What To Know: Plug Power posted revenue of $173.73 million, below forecasts of $210.23 million. The company also reported a net loss of $211.2 million, or 25 cents per share, missing the consensus estimate for a loss of 24 cents per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Plug Power also issued weak revenue guidance for 2024. The company said it expects 2024 revenue to be between $700 million and $800 million, versus analyst expectations of $823.46 million.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41865740/benzinga-bulls-and-bears-nvidia-rivian-plug-power-palantir-and-dogecoins-beautiful-bounce">Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin&#8217;s &#8216;Beautiful Bounce&#8217;</a>
Why It Matters: FuelCell Energy, which operates in a similar sector and often moves in sympathy with Plug, is experiencing a decline in share price alongside Plug Power. 
Both companies share exposure to hydrogen-based solutions, and Plug's report appears to be influencing investor sentiment across the hydrogen and fuel cell industries. The sector-wide caution reflects challenges like the ongoing push for hydrogen adoption and the profitability hurdles that hydrogen companies, including FuelCell Energy, continue to face.
Last week, FuelCell Energy announced a<a href="https://www.benzinga.com/news/24/11/41851385/why-fuelcell-energy-fcel-stock-hit-a-new-52-week-low-today"> 1-for-30 reverse stock split</a> in an effort to boost its stock price in order to regain compliance with Nasdaq listing requirements. Post-split trading commenced on Monday.
Clean energy stocks, including FuelCell Energy, are facing additional selling pressure following Donald Trump's election victory last week. Concerns are mounting over potential policy shifts under a Trump administration, which could roll back support for clean energy initiatives, creating uncertainty about future growth prospects in the sector.
FCEL Price Action: FuelCell shares were down 8.91% at $6.08 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="537" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12101859/FCEL-1024x537.png" alt="" class="wp-image-643058" style="width:478px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12101859/FCEL-1024x537.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12101859/FCEL-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12101859/FCEL-768x403.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12101859/FCEL.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41906245/ascend-wellness-20-1-wholesale-growth-wider-net-loss-in-q3">Ascend Wellness&#8217; 20.1% Wholesale Growth, Wider Net Loss In Q3</a></li>
</ul>
Image: Courtesy of FuelCell Energy Inc.

Earnings

FuelCell Energy Stock Is Falling Today: What's Going On?

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower by 11% to 26 cents Friday morning. The company this week announced a <a href="https://www.benzinga.com/pressreleases/24/11/g41806906/fuelcell-energy-announces-1-for-30-reverse-stock-split">1-for-30 reverse split</a> of its common stock, effective on Friday at 5pm ET.
What To Know: Trading post-split will begin on November 11. According to the company, this reverse split is intended to boost the stock's bid price, enabling compliance with Nasdaq's $1.00 minimum price requirement.
After the split, every 30 shares will be consolidated into a single share, preserving each stockholder&#8217;s ownership percentage, with adjustments made for fractional shares, which will be paid out in cash.
Read Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s" target="_blank" rel="noreferrer noopener">Trump Election Raises Odds Of ‘Roaring 2020s Scenario,' Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>
Clean energy-related stocks have also experienced weakness following&nbsp;Donald Trump&#8217;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20" target="_blank" rel="noreferrer noopener">election victory</a>. Investors are concerned that a Trump administration could roll back key incentives and regulatory support for the clean energy sector.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, FCEL has a 52-week high of $1.84 and a 52-week low of $0.26.

Why FuelCell Energy (FCEL) Stock Hit A New 52-Week Low Today

WIIM

FCELB

FuelCell Energy shares are trading lower after the company announced a 1-for-30 reverse stock split.

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower by 11.6% to 30 cents Thursday morning after the company announced a 1-for-30 reverse stock split of its common stock, effective on Friday at 5pm ET.
Post-split trading will start on November 11. The company says this reverse split aims to increase the stock&#8217;s bid price, helping the company meet Nasdaq's $1.00 minimum price requirement.
Following the split, every 30 shares will be consolidated into 1 share, with stockholders maintaining the same ownership percentage, minus adjustments for fractional shares, which will be paid out in cash.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>
Clean energy-related stocks have also experienced weakness following&nbsp;Donald Trump's&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20" target="_blank" rel="noreferrer noopener">election victory</a>. Investors are concerned that a Trump administration could roll back key incentives and regulatory support for the clean energy sector.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, FCEL has a 52-week high of $1.84 and a 52-week low of $0.29.

What's Going On With FuelCell Energy Stock?

Stock Split

FuelCell Energy Announces 1-For-30 Reverse Stock Split, Effective 5 p.m. ET On Nov. 8

Financing

FuelCell Energy Closes On Project Debt Financing Transaction With EXIM For Gyeonggi Green Energy Projects; Co. To Receive ~$9.4M In Debt Financing

<h3>Gainers</h3>
<ul>
<li>FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares rose 20.2% to $0.39 during Monday's regular session. The market value of their outstanding shares is at $214.0 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock increased by 20.04% to $0.8. The company's market cap stands at $11.9 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock increased by 20.0% to $2.7. The company's market cap stands at $2.2 million. </li>
<li>NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares moved upwards by 18.57% to $21.83. The market value of their outstanding shares is at $2.0 billion. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares increased by 17.64% to $2.2. The market value of their outstanding shares is at $30.0 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares rose 17.64% to $2.8. The company's market cap stands at $42.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Watsco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) shares decreased by 23.8% to $375.0 during Monday's regular session. The market value of their outstanding shares is at $15.1 billion. The company's, Q3 earnings came out 3 days ago. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock decreased by 16.67% to $1.55. The market value of their outstanding shares is at $1.0 million. </li>
<li>FGI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGI#NASDAQ">FGI</a>) stock declined by 16.05% to $0.82. The market value of their outstanding shares is at $7.8 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock fell 15.09% to $1.07. The company's market cap stands at $2.1 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares declined by 9.79% to $3.87. The company's market cap stands at $2.1 million. </li>
<li>LiqTech Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIQT#NASDAQ">LIQT</a>) stock declined by 9.55% to $1.8. The market value of their outstanding shares is at $10.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's Intraday Session

FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading higher on Tuesday. The company inked a memorandum of understanding (MOU) with Korea Hydro &amp; Nuclear Power Co., Ltd. (KHNP) to collaborate on hydrogen energy business initiatives.
The agreement marks the beginning of their joint efforts to advance hydrogen energy solutions.
The partnership will focus on developing advanced energy solutions using FuelCell Energy&#8217;s solid oxide electrolysis hydrogen platform and KHNP&#8217;s nuclear power plants, following all regulations.
This initiative aims to integrate South Korea&#8217;s clean energy sources with FuelCell Energy&#8217;s technology to produce low-cost, domestic clean hydrogen and diversify the nation&#8217;s hydrogen supply beyond imports.
FuelCell Energy&#8217;s&nbsp;solid oxide electrolyzer cell&nbsp;produces hydrogen at nearly 90% electrical efficiency without excess heat and can reach 100% efficiency when using excess heat.
The oxide electrolyzer takes in electricity and cold water and produces dry hydrogen at high efficiency. Although, external heat is never needed if it is added as an input FuelCell Energy&#8217;s electrolyzer platform converts water and electricity at 100% efficiency.
Kong, Young-gon, Vice President of Hydrogen &amp; Smart Business Department of KHNP, said, &#8220;This collaboration aligns with our commitment to innovation and sustainability, and we look forward to working together to develop advanced energy solutions that will benefit both our companies and the communities we serve.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: FCEL shares are up 2.59% at $0.3326 at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40732711/fuelcell-energy-beats-q3-revenue-estimates-backlog-surges-12-6-on-new-contracts" target="_blank" rel="noreferrer noopener">FuelCell Energy Beats Q3 Revenue Estimates, Backlog Surges 12.6% On New Contracts</a></li>
</ul>

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HYDR

FuelCell Energy Collaborates With KHNP To Tackle South Korea's Hydrogen Supply Needs

FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) and Korea Hydro &amp; Nuclear Power Co., Ltd (KHNP) announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MOU) outlining the possibilities. &nbsp;
The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy's solid oxide electrolysis hydrogen platform and KHNP's nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea's domestic clean energy sources with FuelCell Energy's electrolyzer platform that uniquely uses electricity and thermal energy sources to produce lower cost, domestic clean hydrogen, and diversify South Korea's hydrogen supply beyond imported fuels.
KHNP operates a diverse range of electric generating power plants in South Korea, including nuclear, hydroelectric, renewable energy, and fuel cells.

Global

FuelCell Energy And Korea Hydro & Nuclear Power Co Have Agreed To Jointly Pursue Hydrogen Energy Business Initiatives And Have Signed A Memorandum Of Understanding Outlining The Possibilities

Eni S.p.A&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/e#NYSE">E</a>), a leading integrated energy player, has been awarded an agreement for lease by The Crown Estate for a carbon capture and storage project. The agreement for lease was awarded for the Hynet project, the first CCS project in the United Kingdom to reuse existing pipelines and infrastructure to reduce emissions. Reusing the existing infrastructure should help reduce the project&#39;s cost and the overall environmental damage associated with the construction of a new project.
<h2>Eni Awarded Lease Agreement for the HyNet Project</h2>
Through this agreement, Eni will gain the rights to access and use the seabed and the pipeline infrastructure in place to transport carbon dioxide from the HyNet industrial cluster and safely store it. The HyNet project is aimed at capturing and storing carbon dioxide emitted from large industrial emitting sites in the North West of England and North Wales.
Once captured, these emissions will be safely transported to&nbsp;the storage site. For this project, Eni will leverage its depleted natural gas reservoirs under the&nbsp;Irish Sea. Capturing and storing the carbon dioxide emissions under the seabed will prevent them from leaking into the atmosphere, helping the&nbsp;UK achieve its net zero emissions target.
<h2>Impact on the UK&#39;s Decarbonization Strategy</h2>
After commencing operations, the HyNet project is anticipated to capture up to 10 million tons per year&nbsp;of carbon dioxide after 2030. This project marks a significant step&nbsp;toward the UK&#39;s target of capturing and storing 20-30 million tons of carbon dioxide per year by 2030. The HyNet project is the second Track 1 project to have secured an agreement for lease by The Crown Estate.
Previously, in October 2023, The Crown Estate granted an agreement of lease to another project that is expected to become one of the world&#39;s largest CCS initiatives in the North Sea region. Both projects are crucial parts of the UK&#39;s broader strategy to capture and store large amounts of&nbsp;carbon dioxide, contributing to the country&#39;s decarbonization efforts.
Eni will tap into its extensive experience in developing natural gas fields for this project. The company will leverage its skills, technical know-how and extensive knowledge in handling complex projects to repurpose the existing pipeline infrastructure and platforms. Reusing the existing assets should enable Eni to develop these carbon dioxide storage hubs rapidly and at a lower cost. This should help the company to support the decarbonization of its own activities and provide storage services to third parties.
<h2>The Crown Estate&#39;s Role</h2>
The Crown Estate believes that carbon capture and storage initiatives will play a pivotal role in meeting the UK&#39;s decarbonization target. It also supports Eni&#39;s innovative approach of leveraging its existing infrastructure for the HyNet project, thereby reducing the overall environmental damage.
<h2>E&#39;s Zacks Rank and Key Picks</h2>
Currently, E carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the energy&nbsp;sector are&nbsp;PEDEVCO Corp. (AMEX:PED),&nbsp;Archrock Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>) and FuelCell Energy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcel#NASDAQ">FCEL</a>). PEDEVCO and Archrock presently sport a Zacks Rank #1 (Strong Buy) each, while FuelCell Energy carries a Zacks Rank #2 (Buy).
PEDEVCO is engaged in the acquisition and development of energy assets in the United States and Pacific Rim countries. PED stands to benefit significantly from its holdings in the Permian Basin, one of the most prolific oil-producing regions in the United States, and in the D-J Basin in Colorado, which includes more than 150 high-quality drilling locations. Combined with bullish oil prices, this is expected to boost the company&#39;s production and overall profitability.
Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
FuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, resulting in reduced carbon emissions and minimizing the environmental impact of power generation. As such, the company is anticipated to play a crucial role in the energy transition by enabling industries and communities to move away from traditional fossil fuels toward low-carbon alternatives.
<a href="https://www.zacks.com/stock/news/2346906/eni-to-develop-ccs-project-to-aid-uk-s-decarbonization-efforts?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2346906">To read this article on Zacks.com click here.</a>

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AROC

Eni to Develop CCS Project to Aid UK's Decarbonization Efforts

Canaccord Genuity analyst Jed Dorsheimer maintains FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) with a Hold and lowers the price target from $1.5 to $1.25.

Canaccord Genuity Maintains Hold on FuelCell Energy, Lowers Price Target to $1.25

FuelCell Energy shares are trading higher after the company reported better-than-expected Q3 revenue results.

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) reported a third-quarter revenue decline of 7% year-over-year to $23.695 million, <a href="https://www.benzinga.com/pressreleases/24/09/g40727070/fuelcell-energy-reports-third-quarter-of-fiscal-2024-results" target="_blank" rel="noreferrer noopener">beating the consensus of $22.62 million.</a>
Service Agreements revenue dropped to $1.4 million from $9.8 million YoY due to no module exchanges; Generation revenues jumped 22% to $13.4 million, driven by revenue generated by the Toyota and Derby projects. Advanced Technologies contract revenues rose to $8.6 million from $4.7 million.
The company reported a loss per share of $0.07, which aligned with the consensus. The company reported a gross loss of $6.2 million, an improvement from the previous year&#8217;s $8.2 million.
Operating expenses decreased to $27.4 million from $33.2 million a year ago. Adjusted EBITDA loss improved to $20.1 million from a $31.6 million loss last year.
FCEL&#8217;s cash and cash equivalents, restricted cash and cash equivalents, and short-term investments totaled $326 million as of July-end. Backlog rose 12.6% to $1.20 billion, driven by a long-term service agreement with Gyeonggi Green Energy.
&#8220;We are taking proactive steps to help preserve balance sheet strength while continuing to execute on our growth objectives and position our platforms to capitalize on the energy transition and the growing distributed power generation opportunity,&#8221; stated Michael Bishop, Executive Vice President, Chief Financial Officer, and Treasurer.
The company sold 95.2 million shares at $0.71 each in the quarter, raising $67.3 million in gross proceeds and $65.9 million net after $1.4 million in fees.
Price Action: FCEL shares are trading higher by 11% at $0.4584 at the last check Thursday.
Image: Courtesy of FuelCell Energy
Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a target="_blank" href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" rel="noreferrer noopener">Benzinga SmallCAP Conference</a>&nbsp;on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

Guidance

FuelCell Energy Beats Q3 Revenue Estimates, Backlog Surges 12.6% On New Contracts

FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) reported quarterly losses of $(0.07) per share which met the analyst consensus estimate. The company reported quarterly sales of $23.70 million which beat the analyst consensus estimate of $22.62 million by 4.74 percent. This is a 7.11 percent decrease over sales of $25.51 million the same period last year.

Earnings Beats

FuelCell Energy Q3 2024 GAAP EPS $(0.07), Inline, Sales $23.70M Beat $22.62M Estimate

FuelCell Energy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower on Thursday. The company received a CAD$5.9 million grant from Natural Resources Canada&#8217;s Clean Fuels Fund to support two projects using its electrolyzer <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40507300/fuelcell-energy-announces-major-clean-fuel-fund-support-for-efuel-projects-in-canada" rel="noreferrer noopener">technology for producing synthetic fuel</a>.
These projects, in collaboration with Canadian Nuclear Laboratories, Expander Energy Inc., Nuclear Promise X, and St. Marys Cement, focus on producing low-carbon synthetic diesel fuels.
A 5 kWe electrolyzer from FuelCell Energy will be deployed at St. Marys Cement facility to utilize CO₂ from the plant&#8217;s flue gas. This project aims to capture carbon emissions and repurpose them into synthesis gas (PtL), which can be used to produce various energy and feedstock materials.
The first of the two CNL projects will assess the economic viability of producing synthetic diesel fuels from biomass gasification and hydrogen generated by solid oxide electrolysis.
The company will explore the feasibility of building a plant to produce 550 barrels per day of synthetic fuel using these methods.
The second project will demonstrate synthesis gas production through co-electrolysis of water and carbon dioxide.
The fuels will be made using zero-carbon hydrogen generated from nuclear power and FuelCell Energy&#8217;s Solid Oxide electrolysis technology.
As CO2-neutral fuels, eFuels offer a viable decarbonization solution for transportation, high-grade heat applications, and residential or commercial heating.
Jason Few, President &amp; CEO of FuelCell Energy, said, &#8220;These projects align perfectly with our mission to provide advanced, sustainable energy solutions to the world and will demonstrate the differentiated capabilities of our solid oxide platform to leverage nuclear power at 100% electrical efficiency, and the practicality and scalability of our technology.&#8221;
Last week, the company announced a special stockholder meeting to consider and vote on a proposal to<a target="_blank" href="https://www.benzinga.com/news/24/08/40470336/why-is-fuelcell-energy-stock-tanking" rel="noreferrer noopener"> authorize a reverse stock split</a>.&nbsp;
Investors can gain exposure to the stock via&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>) and Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: FCEL shares are down 6.07% at $0.4302&nbsp;at the last check Thursday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

What's Going On With FuelCell Energy Stock Today?

FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower Tuesday after the company announced a special stockholder meeting to consider and vote on a proposal to <a href="https://www.benzinga.com/pressreleases/24/08/g40459109/fuelcell-energy-inc-announces-special-stockholder-meeting">authorize a reverse stock split.&nbsp;</a>
The Details:
FuelCell will hold the stockholder meeting to vote on the reverse stock split on Oct. 31, 2024 with stockholders of record as of the close of business on Sept. 10 entitled to receive notice of and to vote at the special meeting.&nbsp;
The company did not disclose a specific ratio or range for the proposed reverse stock split, but said further details will be available in a proxy statement to be filed at a later date. 
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FuelCell shares are down more than 70% year-to-date and 25.68% of shares are being sold short, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. 
<h3 class="wp-block-heading">Will FCEL Stock Go Up?</h3>
When trying to assess whether or not FuelCell Energy will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street has an average 12-month price target of $0.50 on FuelCell Energy with a neutral rating from one analyst. 
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/FCEL/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering FuelCell Energy have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. FuelCell Energy is 72.07% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about FuelCell Energy, visit <a href="https://www.benzinga.com/quote/FCEL">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
FCEL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, FuelCell Energy shares are down 18.4% at 42 cents at the time of publication Tuesday.
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Image: Mediamodifier from Pixabay

Why Is FuelCell Energy Stock Tanking?

UBS analyst Manav Gupta maintains FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) with a Neutral and lowers the price target from $1.35 to $0.5.

UBS Maintains Neutral on FuelCell Energy, Lowers Price Target to $0.5

FuelCell Energy continues to lose for seven straight sessions

Warning: FCEL is at high risk of performing badly

FuelCell (FCEL) Energy and Korea Hydro & Nuclear Power, KHNP, announced that the two companies have agreed to jointly pursue hydrogen energy busine...

FuelCell, KHNP to pursue clean hydrogen production products in Korea

FuelCell (FCEL) Energy has closed on a project debt financing transaction with the Export-Import Bank of the United States for the company's fuel c...

FuelCell closes on project financing transaction with Export-Import Bank

FuelCell Energy plunges after launching 1-for-30 reverse stock split

Fuelcell Energy ( ($FCEL) ) has issued an update. FuelCell Energy, Inc. announced a 1-for-30 reverse stock split effective November 8, 2024, to boo...

Fuelcell Energy Announces Reverse Stock Split Implementation

19:50 EST FuelCell (FCEL) trading halted, news pending Published first on TheFly – the ultimate source for real-time, market-moving breaking financ...

FuelCell trading halted, news pending

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Upcoming Stock Splits This Week (November 11 to November 15) – Stay Invested

Monday's total option volume of 56.9 million contracts resulted in net open interest growth of 8.10 million calls and 5.39 million puts. NVIDIA (NV...

Notable open interest changes for November 12th

Wells Fargo analyst Praneeth Satish lowered the firm's price target on FuelCell (FCEL) to $5 from $30 to reflect a more conservative revenue growth...

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