24/7 Market News Snapshot 06 June, 2025 – FuelCell Energy Inc NEW (DE) (NASDAQ:FCEL)
DENVER, Colo., 06 June, 2025 (www.247marketnews.com) – (NASDAQ:FCEL) are discussed in this article.
FuelCell Energy Inc. (FCEL) has shown significant momentum in the market, opening at $5.275 and trading up by 21.31% to reach $6.308 as investors express confidence in the company’s prospects. The trading volume has surged to 1.59 million shares, highlighting a strong bullish trend and indicating positive sentiment among traders eager to capitalize on the stock’s recent movements.
In conjunction with this stock performance, FuelCell Energy has reported impressive results for the second quarter of fiscal year 2025. The company achieved a 67% increase in year-over-year revenue, generating $37.4 million, up from $22.4 million in the previous year, which underscores the effectiveness of its clean energy technologies in an evolving marketplace. Despite a gross loss of $9.4 million—up from $7.1 million last year—the company’s operational loss decreased by 13%, with net loss per share improving to $1.79 from $2.18.
FuelCell has also bolstered its order backlog to $1.26 billion, reflecting strong market demand for its carbonate technologies. To optimize its operations, the company has initiated a global restructuring plan aimed at reducing operating expenses by 30% annually compared to fiscal year 2024. This realignment will concentrate on carbonate-based distributed generation solutions, including applications for AI data centers and carbon recovery technologies. As part of this strategy, the firm will pause research and development efforts surrounding solid oxide technology to focus on its core competencies.
Further enhancing its strategic direction, FuelCell appointed Mike Hill as the new Chief Commercial Officer to accelerate its commercial initiatives, particularly within the burgeoning data center market. Through key collaborations, including the partnership with Dedicated Power Partners, the company aims to explore new revenue opportunities, including microgrid applications. FuelCell Energy remains committed to reducing discretionary spending while paving a pathway towards sustained profitability and innovative leadership in the clean energy sector.