FuelCell Energy (NASDAQ:FCEL) Stock

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.

FCEL stock

News

Movers

FCEL

FuelCell Energy Inc (NASDAQ:FCEL) shares are trading higher. The company on Thursday announced that it began testing its electrolyzer for a potential commercial nuclear power opportunity.

What&#39;s Going On With FuelCell Energy Stock Thursday?

AMZN

When it comes to the market’s language, few indicators are as powerful as price action to help retail investors understand what is happening underneath the hood of the broader themes in financial markets and

NuScale Power Stock Leads Energy Gains – Can It Continue?

FuelCell Energy Inc

FUELCELL ENERGY INC PFD B by FuelCell Energy, Inc.

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading higher. The company on Thursday announced that it began testing its electrolyzer for a potential commercial <a href="https://www.benzinga.com/pressreleases/25/02/g43525539/idaho-national-laboratory-testing-of-fuelcell-energys-electrolyzer-to-show-further-commercializati">nuclear power opportunity</a>.
What Happened: FuelCell announced its solid oxide electrolysis cell (SOEC) system has started a testing and validation period at the U.S. Department of Energy&#8217;s Idaho National Laboratory (INL). 
The project will study how hydrogen production operations can help nuclear plants diversify and increase their profitability by switching between electricity production and hydrogen generation. The testing will also investigate the potential of advanced small modular reactors paired with FuelCell&#8217;s utility-scale electrolyzers.
&#8220;Pairing FuelCell Energy&#8217;s electrolyzer with nuclear plants is an excellent example of the ‘all-of-the-above&#8217; energy strategy that is necessary to meet the needs of a strained electric infrastructure,&#8221; said Jason Few, president and CEO of FuelCell Energy.
&#8220;Nuclear energy is a baseload power source that when paired with FuelCell Energy&#8217;s electrolyzer can ensure that every kilowatt of power is converted into a usable or stored energy resource. FuelCell Energy&#8217;s electrolysis platform can enable&nbsp;100%&nbsp;smart energy utilization.&#8221;
The testing is expected to show that the technology can reduce the cost of clean hydrogen production by converting 100% of the electricity and water fed into the system into zero-carbon hydrogen. 
The FuelCell Energy system will be exhibited to members of the global energy industry who visit INL. Additionally,&nbsp;hydrogen produced by the FuelCell system will be used for ongoing research at the facility.
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FCEL Price Action: <a href="http://benzinga.com/quote/fcel">FuelCell shares</a> were up 1.72% at $7.73 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of FuelCell Energy.

What's Going On With FuelCell Energy Stock Thursday?

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading higher Wednesday after the company announced plans to build a fuel cell power plant that&#8217;s expected to add over&nbsp;$160 million&nbsp;to <a href="https://www.benzinga.com/pressreleases/25/01/g43124224/fuelcell-energy-announces-160-million-contract-to-support-hartford-area-grid">its generation backlog</a>.
What Happened: FuelCell on Wednesday announced it will build a 7.4 MW fuel cell power plant in Hartford, Connecticut that will deliver Class 1 renewable baseload power to the state&#8217;s local grid.
FuelCell said it plans to sell the power produced by the fuel cell plant to local distribution utilities Eversource and United Illuminating under a 20-year power purchase agreement. The project is expected to add more than $160 million of future revenue to the company&#8217;s backlog. 
&#8220;Society is increasingly reliant on always-available electric power to meet data center, streaming, and cloud computing demand, as well as the proliferation of electric-hungry devices from cell phones to cars and trucks,&#8221; said Jason Few, president and CEO of FuelCell Energy.
&#8220;We are well positioned to participate in the renaissance of infrastructure investments occurring in the U.S. at a time when the federal government is clearly signaling a focus on how AI will impact our electrical grid.&#8221;
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<h3 class="wp-block-heading">How To Buy FCEL Stock</h3>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in FuelCell Energy's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
FCEL Price Action: <a href="http://benzinga.com/quote/fcel">FuelCell shares</a> were up 6.7% at $9.59 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of FuelCell Energy.

Contracts

Why FuelCell Energy Stock Is Moving Higher Wednesday

General

FuelCell Energy shares are trading higher after the company announced plans to build a 7.4 MW fuel cell power plant in Hartford, Connecticut, expected to add over $160 million to its generation backlog.

FuelCell Energy To Build A 7.4 MW Fuel Cell Power Plant In Hartford, Connecticut; Project Expected To Add Over $160M In Future Revenue To Co.'s Generation Backlog

Jefferies analyst Laurence Alexander 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 $15 to $8.4.

Price Target

Analyst Ratings

Jefferies Maintains Hold on FuelCell Energy, Lowers Price Target to $8.4

Canaccord Genuity analyst George Gianarikas maintains FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) with a Hold and maintains $12 price target.

Canaccord Genuity Maintains Hold on FuelCell Energy, Maintains $12 Price Target

FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading lower after the company <a href="https://www.benzinga.com/pressreleases/24/12/g42573324/fuelcell-energy-reports-fourth-quarter-and-full-fiscal-year-2024-results" target="_blank" rel="noreferrer noopener">reported its fourth quarter 2024 results.</a>
The company&#8217;s total revenues grew 120% year-over-year to $49.326 million, beating the consensus of $39.716 million.
Product revenues rose to $25.4 million for the three months ending October 31, 2024, from $10.5 million a year earlier. The increase was driven by $18.0 million from the GGE Agreement for fuel cell module replacements in Korea and $7.7 million from a sales contract with Ameresco for a 2.8 MW platform for the Sacramento Sewer District.
Service agreements revenue rose to $5.6 million from $(0.8) million, driven by two module exchanges during the quarter. Generation revenue increased 40.3% to $12.0 million due to the Toyota and Derby projects.
Advanced Technologies revenue grew to $6.4 million, supported by ExxonMobil&#8216;s Rotterdam project and government contracts, offset by $0.8 million lower revenue from the EMTEC Joint Development Agreement.
The company reported a loss per share of $2.21, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus loss of $1.75</a>. The company reported a gross loss of $10.9 million, down from the previous year&#8217;s $1.5 million loss.
Operating expenses for the quarter decreased to $30.1 million from $34.9 million the previous year. Adjusted EBITDA loss improved to $25.3 million in the quarter from the $30.8 million loss a year ago.
In November, FCEL announced a <a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025" target="_blank" rel="noreferrer noopener">global restructuring </a>in the U.S., Canada, and Germany to reduce operating costs by 15% in fiscal 2025, including a 13% workforce reduction. Delays in solid oxide and carbon capture product timelines mean it will <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">not meet revenue targets provided in fiscal 2022. </a>
However, FuelCell expects a material revenue improvement in fiscal 2025, driven by contracted deliveries, including replacement modules for GGE.
As of October 31, 2024, FuelCell&nbsp;had $318.0 million in cash, restricted cash, and short-term investments, down from $403.3 million in 2023. This included $148.1 million in unrestricted cash, $109.1 million in investments, and $60.8 million in restricted cash.
During the quarter, the company sold 1.9 million shares under its Amended Open Market Sale Agreement at $11.23 per share, generating $21.5 million in gross proceeds and $20.8 million net after $0.6 million in fees.
As of October 31, 2024, FCEL&#8217;s backlog rose 13.1% to $1.16 billion year-over-year, driven by the GGE Agreement. The backlog includes product, service, and generation agreements, with a weighted average term of 16 years.
Price Action: FCEL shares are trading lower by 3.05% at $9.52 at the last check Thursday.

Earnings

Guidance

Topics

FuelCell Energy Q4 Revenue Surges 120%, Backlog Climbs 13%, But Losses Persist Amid Restructuring Efforts

FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) reported quarterly losses of $(2.21) per share which missed the analyst consensus estimate of $(1.75) by 26.29 percent. This is a 6.76 percent decrease over losses of $(2.07) per share from the same period last year. The company reported quarterly sales of $49.300 million which beat the analyst consensus estimate of $39.716 million by 24.13 percent. This is a 119.48 percent increase over sales of $22.462 million the same period last year.

Earnings Beats

Earnings Misses

FuelCell Energy Q4 2024 GAAP EPS $(2.21) Misses $(1.75) Estimate, Sales $49.300M Beat $39.716M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $1.67 billion. 
• Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) is expected to report quarterly loss at $0.01 per share on revenue of $332.86 million. 
• FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) is estimated to report quarterly loss at $1.80 per share on revenue of $40.83 million. 
• MBX Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBX#NASDAQ">MBX</a>) is likely to report earnings for its third quarter. 
• Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) is projected to report quarterly earnings at $2.02 per share on revenue of $2.87 billion. 
• Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $2.56 billion. 
• Paychex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) is expected to report quarterly earnings at $1.13 per share on revenue of $1.31 billion. 
• Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $3.15 billion. 
• CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $0.59 per share on revenue of $6.00 billion. 
• Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) is likely to report quarterly earnings at $3.42 per share on revenue of $17.17 billion. 
• FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) is likely to report quarterly earnings at $4.25 per share on revenue of $564.74 million. 
<h3>Companies Reporting After The Bell</h3>
• Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) is likely to report earnings for its fourth quarter. 
• Innovative Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISSC#NASDAQ">ISSC</a>) is estimated to report earnings for its fourth quarter. 
• BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is projected to report quarterly loss at $0.01 per share on revenue of $149.98 million. 
• Scholastic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) is projected to report quarterly earnings at $2.61 per share on revenue of $584.04 million. 
• Mission Produce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $216.80 million. 
• Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is likely to report quarterly earnings at $0.83 per share on revenue of $12.47 billion. 
• FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) is estimated to report quarterly earnings at $3.95 per share on revenue of $22.14 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CTAS

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SCHL

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Earnings Scheduled For December 19, 2024

It's no secret that clean energy technology specialist FuelCell Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) has thoroughly struggled this year, with FCEL stock hemorrhaging about 77% of market value since the beginning of January. On paper, the underlying company's business of developing and delivering fuel cell systems — which convert hydrogen into electricity — is highly relevant. Unfortunately, <a href="https://www.benzinga.com/quote/FCEL/earnings">declining revenue</a> from prior years contributed to investor sentiment erosion.
In mid-November, management announced a <a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025">global restructuring effort</a> to reduce costs and focus on core technologies, part of an overall response to slower-than-expected clean energy investments. Within the plan, FuelCell stated that it would reduce its workforce by 17% and slash spending on product development, overhead and other expenses. The company anticipates that the directive will lower operating costs by approximately 15% in fiscal year 2025 compared to 2024.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17151438/FCEL-stock-12172024-1024x580.jpg" alt="" class="wp-image-696579" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17151438/FCEL-stock-12172024-1024x580.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17151438/FCEL-stock-12172024-300x170.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17151438/FCEL-stock-12172024-768x435.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17151438/FCEL-stock-12172024.jpg 1045w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Since announcing this strategic shift, FCEL stock has rebounded from the abyss. At its trough this year, shares traded hands for less than $6. However, since late last month, FCEL jumped above the all-important $10 technical support line. Should the bulls continue to maintain level flight, the energy specialist could potentially enjoy a sentiment reversal.
Also Read: <a href="https://www.benzinga.com/24/12/42538504/biden-endorses-ban-of-congressional-stock-trading-nobody-in-the-congress-should-be-able-to-make-money-in-the-stock-market-while-in-office">Biden Backs Congressional Stock Trading Ban: &#8216;Inside Track&#8217; To Wealth</a>
<h2 class="wp-block-heading">Short-Squeeze Speculation Entices an Aggressive Long Strategy</h2>
Currently, FCEL stock ranks among Benzinga's <a href="https://www.benzinga.com/short-interest/most-shorted">Most Shorted Stocks</a> list, a screener dedicated to securities that have attracted the most <a href="https://www.benzinga.com/money/best-high-short-interest-stocks">short interest</a>. This label refers to the total number of shares of a company that have been borrowed and sold by speculators betting that the stock will fall.
The idea is that by borrowing and immediately selling a downbeat security, the speculator can pick up shares at a cheaper price. Following the return of the borrowed amount of shares back to the lending broker, the short trader pockets the difference as profit. Obviously, the target security must fall in value for a short position to be profitable.
Of course, with the market being unpredictable, short traders have incurred devastating losses due to the stock in question shooting skyward. When an unexpected bullish wave materializes, the upside pressure can be exacerbated. That's because a short trader must buy to close the position, creating in effect a self-fulfilling prophecy.
This upward panic — colloquially known as a short squeeze — can be incredibly powerful, especially if the contrarian bull gets in ahead of the panic.
<h2 class="wp-block-heading">Heightened Options Activity Tempts the Contrarian Mindset</h2>
To be fair, options volume for FCEL stock has been light compared to prior years due to the escalating financial challenges. However, activity has been <a href="https://optioncharts.io/options/FCEL/unusual-options?option_type=all&amp;expiration_dates=2024-12-20:m,2024-12-27:w,2025-01-03:w,2025-01-10:w,2025-01-17:m,2025-01-24:w,2025-01-31:w,2025-04-17:w&amp;strike_range=all">picking up</a>, particularly for out-the-money (OTM) call options. Though no definitive conclusions can be made, this development may suggest rising bullish interest in FuelCell stock.
Investors interested in taking an aggressive wager may consider a <a href="https://www.benzinga.com/money/bull-spread">bull call spread strategy</a>, specifically the 9/12 call spread for the options chain expiring Jan. 17, 2025. This trade involves simultaneously buying the $9 FCEL call and selling the $11 call. The credit received from the short call partially offsets the debit paid for the long call, essentially providing a discounted net long position. In this case, $159 is at risk for the chance to earn $141 (88.68% payout).
True, the bull call spread caps the reward at the short call's strike price. However, the benefit is that the threshold of profitability (or the breakeven point) is reduced. In the case of the 9/12 call spread, the breakeven price (at time of writing) sits at $10.59. Further, FCEL stock needs to rise about 12% to reach the short strike price, which is doable considering recent pricing activity.
Nevertheless, it must be said that FuelCell represents a high-risk, high-reward opportunity. Given the company's history, a continuation of its misery is well within the realm of possibility. However, the bulls&#8217; ability to jump above the critical $10 threshold — combined with management's strategic pivot — could entice contrarian traders.
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Photo: r.classen/Shutterstock.com

Long Ideas

Options

Options Corner: FuelCell Energy Could Attract Short-Squeeze Speculation

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 $15 to $13.75.

UBS Maintains Neutral on FuelCell Energy, Lowers Price Target to $13.75

<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock moved upwards by 42.7% to $1.26 during Friday's pre-market session. The company's market cap stands at $20.4 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock increased by 25.62% to $0.44. The market value of their outstanding shares is at $40.7 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares rose 19.22% to $0.57. </li>
<li>FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares moved upwards by 18.4% to $8.3. The market value of their outstanding shares is at $169.1 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) shares rose 12.04% to $2.14. The market value of their outstanding shares is at $14.6 million. The company's, Q3 earnings came out yesterday. </li>
<li>HUHUTECH International Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUHU#NASDAQ">HUHU</a>) shares rose 6.66% to $4.8. The market value of their outstanding shares is at $101.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) stock declined by 25.0% to $0.9 during Friday's pre-market session. The company's market cap stands at $28.2 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares decreased by 19.72% to $2.77. The company's market cap stands at $1.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) stock fell 14.81% to $0.66. The company's market cap stands at $210.0 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) stock fell 14.7% to $0.43. The company's market cap stands at $8.4 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) shares fell 13.41% to $3.1. The market value of their outstanding shares is at $2.6 million. </li>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) shares declined by 12.63% to $0.69. The company's market cap stands at $26.3 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 Friday's Pre-Market Session

Here&#8217;s a look at the top five trending stocks <a href="https://www.benzinga.com/general/space/24/11/42013739/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-43">on Yahoo Finance.</a> 
Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>): Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary. Trump has said <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">he would let</a> Kennedy "go wild on health" and could &#8220;do pretty much what he wants&#8221; in his administration, while Kennedy has a record of spreading falsehoods about vaccines, according to The New York Times.
Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>): Applied Materials shares are trading lower Friday following the company's fourth-quarter <a href="https://www.benzinga.com/news/earnings/24/11/41991276/applied-materials-shares-slip-despite-better-than-expected-q4-results">earnings release</a> after Thursday's closing bell. Multiple analyst firms have lowered price targets on the stock. 
Bloom Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>): Bloom Energy shares are charging higher after the energy company <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42011327/why-bloom-energy-could-reach-revenues-of-18b-next-year-says-bullish-analyst">became the latest </a>to announce a major deal to power AI data centers. Bloom Energy announced Thursday evening that it has signed a supply agreement with American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date.  
Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): Palantir shares are trading at record highs Friday after the company said <a href="https://www.benzinga.com/24/11/42010539/whats-going-on-with-palantir-technologies-stock-today">it will transfer</a> its stock listing to the Nasdaq Global Select Market from the New York Stock Exchange. Palantir will begin trading as a Nasdaq-listed company on Nov. 26.
FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>): FuelCell Energy shares are slipping Friday after<a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025"> the company said </a>it will slash its workforce by 17% and reduce spending across product development, overhead and other expenses. FuelCell Energy said it needs to reduce costs and focus on core technologies due to slower-than-anticipated clean energy investments.
Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>:
<ul>
<li>Pfizer shares are down 4.59% at $24.83</li>
<li>Applied Materials shares are down 8.22% at $170.66</li>
<li>Bloom Energy shares are up 45.1% at $19.27</li>
<li>Palantir shares are up 7.54% at $63.65</li>
<li>FuelCell Energy shares are down 11.1% at $6.23 at last check on Friday. </li>
</ul>
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Image: Moondance from Pixabay

AMAT

PLTR

Friday's Top 5 Trending Stocks: What's The Scoop On Palantir, Bloom Energy, Pfizer?

FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares are trading higher after the company disclosed a corporate restructuring <a href="https://www.benzinga.com/pressreleases/24/11/g42005647/fuelcell-energy-announces-global-restructuring-focusing-core-technologies-on-distributed-power-gen" target="_blank" rel="noreferrer noopener">across the U.S., Canada, and Germany</a>.
The goal is to reduce costs and focus on core technologies in response to slower-than-anticipated clean energy investments.
FuelCell Energy expects the restructuring to lower operating costs by approximately 15% in <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">fiscal year 2025 compared to 2024.</a> 
Here&#8217;s the plan:
<ul>
<li>Reduce the workforce by 17% (including actions taken in September)</li>
<li>Slash spending on product development, overhead, and other expenses.</li>
<li>Prioritize commercially available technologies to align with shifting market opportunities.</li>
<li>Expand its Connecticut-made molten carbonate technology (no expected layoffs in Torrington)</li>
<li>Support growing AI-driven data center demands</li>
<li>Address grid deficiencies.</li>
<li>Advance CO2 recovery for industrial uses</li>
<li>Continue developing its joint carbon capture platform, including a demonstration at the Port of Rotterdam. </li>
<li>Grow resources to support its growing South Korean customer base.</li>
</ul>
FuelCell CEO Jason Few said, &#8220;These tailwinds are strengthened by power shortages in grids, high voltage transmission needs, and delays in centralized power projects due to lengthy permitting processes, which our distributed energy platforms do not experience. Additional power demand opportunities are driven by data centers, AI, cryptocurrency growth, more resilient and reliable grids, and carbon recovery and capture.&#8221;
FCEL expects non-recurring charges from the restructuring in Q4 FY2024 and Q1 FY2025 and cash, restricted cash, and short-term investments to exceed $300 million as of Oct. 31.
Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: FuelCell shares are up 19.68% at $8.39 at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/24/11/41926301/sustainable-investment-under-trump-performance-matters-far-more-than-politics-jpmorgan-analyst-says" target="_blank" rel="noreferrer noopener">Sustainable Investment Under Trump: &#8216;Performance Matters Far More Than Politics,&#8217; JPMorgan Analyst Says</a></li>
</ul>
Image: Courtesy of FuelCell Energy

Equities

Small Cap

HYDR

Restructure And Recharge: FuelCell Cuts Workforce, Plans To Reduce Operating Costs By 15% In 2025

FuelCell Energy Announces Global Restructuring, Focusing Core Technologies On Distributed Power Generation: Company To Reduce Total Operating Costs By An Estimated 15% In Fiscal Year 2025

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.

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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Regulations

Politics

Markets

BLNK

CHPT

EVGO

FSLR

NOVA

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.

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

Leaders in The News: FuelCell Energy, WeightWatchers, NUBURU, New World Solutions

Press Releases

FuelCell Energy and KHNP to Pursue Clean Hydrogen Production Projects in Korea

Financing

FuelCell Energy Secures Project Financing from Export-Import Bank for Fuel Cell Projects with Gyeonggi Green Energy

FuelCell Energy Announces 1-For-30 Reverse Stock Split

FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth

FuelCell Energy Announces Fourth Quarter and Fiscal Year 2024 Results Conference Call on December 19, 2024 at 10 A.M. Eastern Time

FuelCell Energy Reports Fourth Quarter and Full Fiscal Year 2024 Results

FuelCell Energy Announces $160 Million Contract to Support Hartford Area Grid

Idaho National Laboratory Testing of FuelCell Energy's Electrolyzer to Show Further Commercialization Opportunity for Nuclear Power Plants

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