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The latest update is out from Fuelcell Energy ( (FCEL) ).
FuelCell Energy reported a significant increase in fourth-quarter revenue, driven primarily by module sales to Gyeonggi Green Energy Co., Ltd. in South Korea. Despite the revenue growth, the company experienced a higher gross loss and operational loss compared to the previous year, influenced by increased product revenue costs and higher generation costs. Looking forward, FuelCell Energy anticipates stronger financial footing in 2025 due to its restructuring strategy focused on core technologies, aiming for top-line revenue growth and future profitability. The company is strategically positioning itself to meet the growing global demand for resilient and clean energy solutions.
More about Fuelcell Energy
FuelCell Energy, Inc. operates in the clean energy sector, focusing on the development and commercialization of fuel cell power plants for distributed power generation. It is involved in providing solutions for grid resiliency and data center power needs, emphasizing clean baseload power generation.
YTD Price Performance: -79.54%
Average Trading Volume: 1,546,663
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $200.1M
See more insights into FCEL stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
