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Fuelcell Energy Inc FCEL

Industrials
FuelCell Energy, Inc. is engaged in delivering environmentally responsible distributed baseload energy platform solutions through its fuel cell technology. The Company is a global manufacturer of stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. Its commercial technology produces electricity, heat, hydrogen, and water while separating carbon for utilization and/or sequestration. Its product portfolio is based on two electrochemical platforms, carbonate, and solid oxide. Both platforms can support power generation and combined heat and power applications using a variety of fuels, including natural gas, renewable biogas, and hydrogen. Its Carbonate platforms use a mixture of reforming and electrolysis, while solid oxide platforms can be used for pure hydrogen electrolysis. Its solid oxide platform operates on pure hydrogen fuel. Its commercial platforms include SureSource 1500, SureSource 3000, SureSource 4000 and SureSource Hydrogen.


NDAQ:FCEL - Post by User

Fuelcell Energy Inc > FCEL....Fluff NR this a.m.....talk is cheap ; !
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Post by Iseneschalon Nov 15, 2024 8:46am
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Post# 36314529

FCEL....Fluff NR this a.m.....talk is cheap ; !

FCEL....Fluff NR this a.m.....talk is cheap ; !

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

2024-11-15 04:30 ET - News Release

 

  • Go-forward strategy will emphasize topline revenue growth and future profitability.
  • Company to reduce total operating costs by an estimated 15% in fiscal year 2025.

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.

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