FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth [Yahoo! Finance]
FuelCell Energy, Inc. (FCEL)
Last fuelcell energy, inc. earnings: 3/16 07:00 am
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Source: Yahoo! Finance
DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company's core technologies, and protect the company's competitive position amid slower-than-expected investments in clean energy. The restructuring will allow FuelCell Energy to prioritize commercially available technologies to reflect changing market opportunities with an updated strategic plan. The plan involves further expanding the company's Connecticut-manufactured molten carbonate technology to offer distributed power solutions. These solutions can deliver power swiftly, accelerate customer revenue, address critical grid deficiencies, and meet the increasing power demand driven by the rapid AI-fueled growth of data centers. FuelCell Energy will also continue to pursue strategies for CO recovery for food and beverage
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FCEL
News
- FuelCell Energy, Inc. (NASDAQ: FCEL) had its price target lowered by analysts at Jefferies Financial Group Inc. from $15.00 to $8.40. They now have a "hold" rating on the stock.MarketBeat
- FuelCell Energy, Inc. (NASDAQ: FCEL) had its "hold" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $12.00 price target on the stock.MarketBeat
- FuelCell Energy, Inc. (NASDAQ: FCEL) had its price target raised by analysts at TD Cowen from $2.00 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- FuelCell Energy Inc (FCEL) Q4 2024 Earnings Call Highlights: Revenue Surge Amidst Restructuring ... [Yahoo! Finance]Yahoo! Finance
- FactSet Beats Q1 Earnings On Higher Subscriptions, Sticks to Annual Guidance [Yahoo! Finance]Yahoo! Finance
FCEL
Earnings
- 9/5/24 - Beat
FCEL
Sec Filings
- 12/19/24 - Form 8-K
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- FCEL's page on the SEC website