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FuelCell Energy, Inc. (FCEL)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.95+0.57 (+7.72%)
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Neutralpattern detected
Previous Close7.38
Open7.44
Bid8.03 x 45100
Ask8.08 x 1100
Day's Range7.23 - 8.25
52 Week Range0.48 - 11.31
Volume62,945,564
Avg. Volume46,358,941
Market Cap2.343B
Beta (5Y Monthly)5.48
PE Ratio (TTM)N/A
EPS (TTM)-0.56
Earnings DateJan 20, 2021 - Jan 25, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.17
  • FuelCell Energy Announces Closing of Public Offering of 39,696,320 Shares of Common Stock
    GlobeNewswire

    FuelCell Energy Announces Closing of Public Offering of 39,696,320 Shares of Common Stock

    DANBURY, Conn., Dec. 04, 2020 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) (“FuelCell Energy” or the “Company”) today announced completion of the previously announced underwritten public offering of 39,696,320 shares of its common stock, including the underwriters’ exercise, in full, of their option to purchase an additional 5,177,781 shares of common stock from the Company. The offering consists of 25,000,000 shares sold by the Company and 14,696,320 shares sold by certain selling stockholders, resulting in aggregate gross proceeds of $162.5 million to the Company and $95.5 million to the selling stockholders, before deducting the underwriters’ discounts and offering expenses. The Company will not receive any proceeds from the sale of its common stock by the selling stockholders. J.P. Morgan Securities LLC is acting as sole book-running manager. Barclays Capital Inc., Canaccord Genuity LLC, Cowen and Company LLC, Loop Capital Markets LLC, Oppenheimer & Co. Inc., Craig-Hallum Capital Group LLC, and Tuohy Brothers Investment Research, Inc. acted as co-managers for the offering.A shelf registration statement on Form S-3 (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission and has become effective. The offering will be made only by means of a prospectus supplement and the accompanying prospectus. A copy of the final prospectus supplement and accompanying prospectus related to the offering can be obtained for free by visiting the Securities and Exchange Commission’s website at http://www.sec.gov or by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847.This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About FuelCell EnergyFuelCell Energy, Inc. (NASDAQ: FCEL): FuelCell Energy is a global leader in sustainable clean energy technologies that address some of the world’s most critical challenges around energy, safety and global urbanization. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. Our solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe. We target large-scale power users with our megawatt-class installations globally, and currently offer sub-megawatt solutions for smaller power consumers in Europe. To provide a frame of reference, one megawatt is adequate to continually power approximately 1,000 average sized U.S. homes. We develop turn-key distributed power generation solutions and operate and provide comprehensive service for the life of the power plant. Our fuel cell solution is a clean, efficient alternative to traditional combustion-based power generation, and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. Our customer base includes utility companies, municipalities, universities, hospitals, government entities/military bases and a variety of industrial and commercial enterprises. Our leading geographic markets are currently the United States and South Korea, and we are pursuing opportunities in other countries around the world. FuelCell Energy, based in Connecticut, was founded in 1969.SureSource, SureSource 1500, SureSource 3000, SureSource 4000, SureSource Recovery, SureSource Capture, SureSource Hydrogen, SureSource Storage, SureSource Service, SureSource Capital, FuelCell Energy, and FuelCell Energy logo are all trademarks of FuelCell Energy, Inc.Forward-Looking Statements This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company’s anticipated financial results and statements regarding the Company’s plans and expectations regarding the continuing development, commercialization and financing of its fuel cell technology and its business plans and strategies. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, changes to projected deliveries and order flow, changes to production rate and product costs, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, ability to access certain markets, unanticipated manufacturing issues that impact power plant performance, changes in critical accounting policies, access to and ability to raise capital and attract financing, potential volatility of energy prices, rapid technological change, competition, the Company’s ability to successfully implement its new business strategies and achieve its goals, the Company’s ability to achieve its sales plans and cost reduction targets, changes by the U.S. Small Business Administration or other governmental authorities to, or with respect to the implementation or interpretation of, the Coronavirus Aid, Relief, and Economic Security Act, the Paycheck Protection Program or related administrative matters, and concerns with, threats of, or the consequences of, pandemics, contagious diseases or health epidemics, including the novel coronavirus, and resulting supply chain disruptions, shifts in clean energy demand, impacts to customers’ capital budgets and investment plans, impacts to the Company’s project schedules, impacts to the Company’s ability to service existing projects, and impacts on the demand for the Company’s products, as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.Contact:        FuelCell Energy, Inc. ir@fce.com 203.205.2491 Source: FuelCell Energy

  • Will FuelCell Or Plug Power Stock Grow More By 2025?
    Benzinga

    Will FuelCell Or Plug Power Stock Grow More By 2025?

    Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 500 investors on whether shares of FuelCell (NASDAQ: FCEL) or Plug Power (NASDAQ: PLUG) stock would grow the most by 2025. FuelCell Vs. Plug Power Stock Featured recently as a PreMarket Prep stock of the day, FuelCell Energy designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. Geographically, FuelCell generates a majority of its revenue from the United States followed by South Korea.Several participants from our study remarked on what they believe are FuelCell's top competitive advantages from within the EV industry.One respondent noted how "Fuel cells have the built-in advantage of portability, a property which could ameliorate much of the uncertainty surrounding EVs on long trips. The need for plug-in stations should, at least in the short term, remain, thereby doing little to change the current charging station layout."Another reader who believes FuelCell stock will grow the most responded that "Until a viable maximum lasting battery power is achieved, a mass production of charging stations will be pointless to build since they'd have to upgrade all stations to fit battery output/input, therefore costing more to investors. I'm convinced fuel cell power could be mass produced to meet several markets' necessary charge points."Given Plug Power is a designer and producer of modern hydrogen and fuel cell technologies, it's worth noting how historically the Democratic platform is generally much more favorable toward clean energy stocks than the Republican platform.In an attempt to capture Plug Power's growth over time, see how much investing ,000 in Plug Power the day Barack Obama was elected would be worth today.About 51.4% of traders and investors said shares of FuelCell would grow more in the next five years, while 48.6% said Plug Power stock would grow more by 2025.Benzinga has been breaking actionable financial news and curating high-quality financial data sets since 2009. Learn more today about receiving stock and market data through APIs. This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 500 adults.See more from Benzinga * Click here for options trades from Benzinga * Will Apple Or Google Stock Grow More By 2025? * Will Datadog Or Sumo Logic Stock Grow More By 2025?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Why FuelCell Energy Stock Is Bouncing Back Today
    Motley Fool

    Why FuelCell Energy Stock Is Bouncing Back Today

    Shares of hydrogen fuel cell pioneer FuelCell Energy (NASDAQ: FCEL) recovered off their (very low) lows of Wednesday to close the day down "only" 20%. As you may be aware, FuelCell Energy effectively shot itself in the foot, stock-price-wise, on Wednesday, announcing plans to raise about $162.5 million in cash via a stock sale. The announced sales cover a total of up to 39.7 million shares, divided roughly 63% to 37% between the newly issued shares (sold to raise cash for the company) and existing shares (sold by insiders to raise cash for themselves).