| | Publié le 07 juin 2012 | Reports Second Quarter Results and Business Highlights |
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FuelCell
Energy Reports Second Quarter Results and Business Highlights
- Acceleration
of existing 70 megawatt order in South Korea to meet growing market demand
- Executing on European market strategy
- $60.3
million of cash and cash equivalents at April 30, 2012
- $30
million cash received May 2, 2012 from POSCO Energy investment in common
stock
DANBURY,
Conn., June 5, 2012 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a
leading manufacturer of ultra-clean, efficient and reliable fuel cell power
plants, today reported results for its second quarter ended April 30, 2012
along with an update on its key business highlights.
Financial
Results
Second
quarter 2012
FuelCell
Energy (the Company) reported total revenues for the second quarter of 2012 of
$24.2 million compared to $28.6 million in the same period last year. Product
sales and revenues in the second quarter were $22.1 million compared to $26.7
million in the prior year quarter, as revenue in the current quarter consisted
primarily of fuel cell kits whereas revenue from the second quarter of 2011
included a mix of both complete power plants and fuel cell kits. The Company
made adjustments to reduce production levels in mid-April 2012 to align with
contractual delivery dates and is currently in the process of raising
production levels to meet increased second half demand. Second quarter product
revenue included $14.3 million of fuel cell kits and power plants, $4.4 million
of power plant component sales, installation services and commercial building
application fuel cell joint development revenue, and $3.5 million of service
and power purchase agreements.
Product
sales and service backlog totaled $167.6 million as of April 30, 2012 compared
to $135.5 million as of April 30, 2011. Product sales backlog was $89.3 million
and $60.4 million as of April 30, 2012 and 2011, respectively. Service
agreement backlog was $78.4 million and $75.1 million as of April 30, 2012 and
2011, respectively. Backlog excludes the 120 megawatt (MW) memorandum of
agreement with POSCO Energy.
Research
and development contract revenue was $2.0 million for the second quarter of
2012 compared to $1.9 million for the second quarter of 2011. The Company's
research and development contract backlog totaled $12.1 million as of April 30,
2012 compared to $15.2 million as of April 30, 2011.
Total
gross profit was $0.2 million in the second quarter of 2012, compared to an
adjusted gross loss of $2.1 million in the second quarter of 2011, excluding a
non-recurring charge incurred in 2011 as explained in the reconciliation of
GAAP to non-GAAP information at the end of this release. Gross profit for
product sales and revenues improved $2.3 million compared to the adjusted
second quarter of 2011.� Year over year margin improvements reflect cost
reduction efforts including manufacturing and supply chain efficiencies as well
as improved services margins as some older early generation power plant service
contracts are concluded.� �
Second
quarter 2012 loss from operations decreased to $7.8 million compared to an
adjusted loss from operations of $11.1 million for the comparable prior year
period, excluding a non-recurring charge incurred in 2011.� Operating
expenses decreased year-over-year due to continued focus on cost reduction
initiatives.� Net loss to common shareholders for the second quarter of
2012 decreased to $9.1 million, or $0.06 per basic and diluted share, compared
to $29.7 million or $0.24 per basic and diluted share in the second quarter of
2011, or an adjusted net loss to common shareholders of $12.0 million or $0.10
per basic and diluted share, excluding two non-recurring charges as explained
in the reconciliation of GAAP to non-GAAP information at the end of this
release.
Year-to-Date
2012
For the
six months ended April 30, 2012, the Company reported revenue of $55.5 million
compared to $56.7 million for the comparable prior year period.� Product
sales and revenues were $51.7 million compared to $52.4 million for the prior
year period.� Research and development contract revenue was $3.8 million
compared to $4.3 million for the prior year period.
For the six
months ended April 30, 2012, the Company generated a gross profit of $2.3
million compared to a gross loss of $13.2 million for the six months ended
April 30, 2011, or an adjusted loss of $4.4 million that excludes a
non-recurring charge as explained in the reconciliation of GAAP to non-GAAP
information at the end of this release.� The year-over-year improvement of
$6.7 million, excluding the non-recurring charge, was achieved from the
continued emphasis on reducing product costs through manufacturing and supply
chain efficiencies and improvements in the Services business, as contracts for
some older early generation installations are concluded.�
Loss from
operations for the six months ended April 30, 2012 was $13.2 million, compared
to $30.4 million for the six months ended April 30, 2011.� Excluding a
non-recurring charge incurred in 2011, adjusted loss from operations for the
six months ended April 30, 2011 was $21.7 million.� The year-over-year
improvement of 39 percent, excluding non-recurring charges, is the result of
lower product costs and lower operating expenses.
Net loss
to common shareholders for the six months ended April 30, 2012 was $15.8
million or $0.11 per basic and diluted share compared to $41.5 million or $0.35
per basic and diluted share for the six months ended April 30,
2011.� Excluding the non-recurring charges incurred in 2011, net loss to
common shareholders for the six months ended April 30, 2011 was $23.7 million
or $0.20 per basic and diluted share.�
Cash and
cash equivalents
Total
cash and cash equivalents were $60.3 million as of April 30, 2012, which does
not include the previously announced investment of $30 million by POSCO
Energy.� The investment was closed on, and the shares of the Company's
common stock were issued to POSCO Energy on April 30, 2012.� The cash
proceeds were received on May 2, 2012 and was accounted for as a receivable as
of April 30, 2012 on the Consolidated Balance Sheets.� Net cash use for
the second quarter was $13.4 million, excluding the net proceeds of $32.1
million from the public offering of common stock.� The change in cash
during the quarter included a net increase in working capital (inventory plus
trade accounts receivable less accounts payable) of $4.6 million as increased
inventory and lower accounts payable were only partially offset by collection
of accounts receivable.� Higher inventory levels are in preparation for
expected near term order activity.� Capital spending for the second
quarter of 2012 was $0.8 million and depreciation expense was $1.4 million.
Business Highlights
Strategy Execution
"Cost reduction efforts and streamlining certain aspects of
our business over the past year allowed us to break-even at the gross profit
level this quarter despite lower revenue year-over-year, with a gross margin
improvement of $2.3 million on an adjusted basis," said Chip Bottone,
President and CEO, FuelCell Energy, Inc. "Continued execution of our
strategic initiatives will provide expanding order growth from the growing
demand in Asia, market development actions in Europe, as well as resurgence of
our US domestic market."�
Market Updates
The Company announced memorandum of agreements with POSCO Energy
for a 120 MW multi-year order and for executing a cell licensing agreement, and
announced the acceleration of deliveries under the existing 70 MW
order.� Execution of the 120 MW order and licensing agreements are
expected by the end of the third quarter of 2012.�
An expanded cell license agreement would have multiple benefits
for both FuelCell Energy and POSCO Energy.� Production in South Korea will
improve responsiveness for meeting demand under the South Korean Renewable
Portfolio Standard.� The Company will avoid capital investment for Asian
market development and benefits from market expansion by receiving a royalty
payment from POSCO Energy for each power plant sold, with an expected
multi-year royalty term.� Establishing a second source of supply for fuel
cell modules mitigates a risk factor for prospective customers evaluating long
term fuel cell power plant projects that include scheduled replacement
stacks.� Increased production volume, whether in the USA or South Korea
will reduce the cost of DFC plants, further spurring market adoption.�
In the USA, specific projects in Connecticut and California
continue to progress towards closure and the outlook for project finance
continues to improve.� A strong cash position and the pending second
manufacturing facility in South Korea are favorable developments for project
investors evaluating fuel cell projects.�
The Company plans to develop and deploy fuel cell power plants in
the European market utilizing FuelCell Energy Solutions, GmbH (FCES), a German
company formed by FuelCell Energy, Inc.� Subsequent to the end of the
second quarter of 2012, a former partner of the Company contributed fuel cell
production equipment and fuel cell parts to FCES and fuel cell intellectual
property to Fraunhofer IKTS.� No consideration was paid for any of the
assets.� Fraunhofer IKTS is expected to become a minority owner of
FuelCell Energy Solutions, GmbH in June, 2012 and will contribute its fuel cell
intellectual property to the joint venture, as well as its R&D and
materials science expertise and relationships with government and industry.
Profitability Outlook
The Company has achieved gross margin breakeven at a production
rate of approximately 50 MW annually.� The expected 120 MW POSCO Energy
order, combined with scheduled re-stacks of existing power plant installations
that are currently under long term service agreements, provides a base level of
production of approximately 50 MW per year through 2016 at the Company's
production facility in Torrington, Connecticut.�
EBITDA (earnings before interest, taxes, depreciation and
amortization) breakeven is expected with annual production volume of
approximately 80 MW.� Based on cost reduction trends and greater clarity
around anticipated order volume, the Company expects to reach positive
quarterly cash flow by late 2013 or early 2014 as measured by
EBITDA.� Order flow is expected to accelerate based on the expected
closure of projects currently under discussion with prospective customers and
project finance investors as well as opportunities arising from the execution
of strategic initiatives discussed previously in this press release.
Cautionary Language�
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 business plans. 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 whether
the Company is able to reach definitive agreements on the terms contemplated in
the recently announced memorandums of agreement with POSCO Energy, 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, changes in critical accounting
policies,� potential volatility of energy prices, rapid technological
change, competition, and the Company's ability to achieve its sales plans and
cost reduction targets, 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.
About FuelCell Energy
Direct FuelCell� power plants are generating ultra-clean,
efficient and reliable power at more than 50 locations worldwide.� With
approximately 180 megawatts of power generation capacity installed or in
backlog, FuelCell Energy is a global leader in providing ultra-clean baseload
distributed generation to utilities, industrial operations, universities,
municipal water treatment facilities, government installations and other
customers around the world.� The Company's power plants have generated
over one billion kWh of power using a variety of fuels including renewable
biogas from wastewater treatment and food processing, as well as clean natural
gas.� For more information please visit our website at www.fuelcellenergy.com.
The FuelCell Energy, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3284
Direct FuelCell, DFC, DFC/T, DFC-H2 and FuelCell Energy, Inc. are
all registered trademarks of FuelCell Energy, Inc. � DFC-ERG is a
registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
Conference Call Information
FuelCell Energy management will host a conference call with
investors beginning at 10:00 a.m. Eastern Time on June 6, 2012 to discuss the
second quarter results.� An accompanying slide presentation for the
earnings call will be available at http://fcel.client.shareholder.com/eventdetail.cfm?eventid=109986� immediately
prior to the call.
Participants can access the live call via webcast on the Company
website or by telephone as follows:
- The live webcast of this call will be available on the
Company website at www.fuelcellenergy.com.� To
listen to the call, select 'Investors' on the home page, then click on
'events & presentations' and then click on 'Listen to the webcast'
- Alternatively, participants in the U.S. or Canada can
dial 877-303-7005
- Outside the U.S. and Canada, please call 678-809-1045
- The passcode is 'FuelCell Energy'
The webcast of the conference call will be available on the
Company's Investors' page at www.fuelcellenergy.com.� Alternatively, the replay of
the conference call will be available approximately two hours after the
conclusion of the call until midnight Eastern Time on June 12, 2012:
- From the U.S. and Canada please dial 855-859-2056
- Outside the U.S. or Canada please call 404-537-3406
- Enter confirmation code 83702194
�
|
FUELCELL ENERGY, INC.
|
Consolidated Balance Sheets
|
(Amounts in thousands, except share and per share amounts)
|
(Unaudited)
|
�
|
�
|
April 30,
2012
|
October 31,
2011
|
ASSETS
|
�
|
�
|
Current assets:
|
�
|
�
|
Cash and cash equivalents
|
$ 60,262
|
$ 51,415
|
Investments � U.S. treasury
securities
|
--
|
12,016
|
Accounts receivable - common stock
sale
|
30,000
|
�
|
Accounts receivable, net
|
17,036
|
21,950
|
Inventories, net
|
52,686
|
40,101
|
Other current assets
|
5,646
|
7,466
|
Total current assets
|
165,630
|
132,948
|
�
|
�
|
�
|
Property, plant and equipment, net
|
22,788
|
23,925
|
Investment in and loans to
affiliate
|
9,904
|
10,466
|
Other assets, net
|
17,146
|
16,291
|
Total assets
|
$ 215,468
|
$ 183,630
|
�
|
�
|
�
|
LIABILITIES AND EQUITY
|
�
|
�
|
Current liabilities:
|
�
|
�
|
Current portion of long-term debt
|
$ 5,092
|
$ 5,056
|
Accounts payable
|
12,207
|
14,143
|
Accounts payable due to affiliate
|
493
|
104
|
Accrued liabilities
|
23,743
|
26,894
|
Deferred revenue
|
54,442
|
64,114
|
Preferred stock obligation of
subsidiary
|
1,097
|
3,854
|
Total current liabilities
|
97,074
|
114,165
|
�
|
�
|
�
|
Long-term deferred revenue
|
6,500
|
7,000
|
Long-term preferred stock
obligation of subsidiary
|
13,033
|
12,878
|
Long-term debt and other
liabilities
|
� 4,033
|
4,105
|
Total liabilities
|
120,640
|
138,148
|
Redeemable preferred stock
(liquidation preference of $64,020 at April 30, 2012 and October 31, 2011)
|
59,857
|
59,857
|
Total Equity (Deficit):
|
�
|
�
|
� Shareholders' equity
(deficit)
|
�
|
�
|
Common stock ($.0001 par value;
275,000,000 shares authorized;
185,787,147 and 138,400,497 shares issued and outstanding at April 30, 2012
and October 31, 2011, respectively)
|
18
|
13
|
Additional paid-in capital
|
751,577
|
687,857
|
Accumulated deficit
|
(715,571)
|
(701,336)
|
Accumulated other comprehensive
income
|
13
|
15
|
Treasury stock, Common, at cost
(5,679 shares at April 30, 2012 and October 31, 2011)
|
(53)
|
(53)
|
Deferred compensation
|
� 53
|
53
|
Total shareholders' equity
(deficit)
|
36,037
|
(13,451)
|
� Noncontrolling interest in
subsidiaries
|
(1,066)
|
(924)
|
Total equity (deficit)
|
34,971
|
(14,375)
|
Total liabilities and equity
(deficit)
|
$ 215,468
|
$ 183,630
|
�
|
�
|
FUELCELL ENERGY, INC.
|
Consolidated Statements of Operations
|
(Amounts in thousands, except share and per share amounts)
|
(unaudited)
|
�
|
�
|
Three Months Ended
April 30,
|
�
|
2012
|
2011
|
Revenues:
|
�
|
�
|
Product sales and revenues
|
$ 22,111
|
$ 26,673
|
Research and development contracts
|
2,042
|
1,934
|
Total revenues
|
24,153
|
28,607
|
�
|
�
|
�
|
Costs of revenues:
|
�
|
�
|
Cost of product sales and revenues
|
22,081
|
37,460
|
Cost of research and development
contracts
|
1,871
|
2,017
|
Total cost of revenues
|
23,952
|
39,477
|
�
|
�
|
�
|
Gross profit (loss)
|
201
|
(10,870)
|
�
|
�
|
�
|
Operating expenses:
|
�
|
�
|
Administrative and selling
expenses
|
4,002
|
4,454
|
Research and development expenses
|
3,956
|
4,498
|
Total operating expenses
|
7,958
|
8,952
|
�
|
�
|
�
|
Loss from operations
|
(7,757)
|
(19,822)
|
�
|
�
|
�
|
Interest expense
|
(575)
|
(928)
|
Income (loss) from equity
investment
|
(150)
|
143
|
License fee and royalty income
|
412
|
382
|
Other income (expense), net
|
(414)
|
226
|
�
|
�
|
�
|
Loss before benefit (provision)
for income taxes
|
(8,484)
|
(19,999)
|
�
|
�
|
�
|
Benefit (provision) for income
taxes
|
121
|
(9)
|
�
|
�
|
�
|
Net loss
|
(8,363)
|
(20,008)
|
�
|
�
|
�
|
Net loss attributable to
noncontrolling interest
|
71
|
52
|
�
|
�
|
�
|
Net loss attributable to FuelCell
Energy, Inc.
|
(8,292)
|
(19,956)
|
�
|
�
|
�
|
Adjustment for modification of
redeemable preferred stock of subsidiary
|
--
|
(8,987)
|
Preferred stock dividends
|
(801)
|
(800)
|
�
|
�
|
�
|
Net loss to common shareholders
|
$ (9,093)
|
$ (29,743)
|
�
|
�
|
�
|
Loss per share basic and diluted
|
�
|
�
|
Basic
|
$ (0.06)
|
$ (0.24)
|
Diluted
|
$ (0.06)
|
$ (0.24)
|
�
|
�
|
�
|
Weighted average shares
outstanding
|
�
|
�
|
Basic
|
150,013,074
|
� � 125,009,180
|
Diluted
|
150,013,074
|
� 125,009,180
|
�
|
�
|
FUELCELL ENERGY, INC.
|
Consolidated Statements of Operations
|
(Amounts in thousands, except share and per share amounts)
|
(unaudited)
|
�
|
�
|
Six Months Ended
April 30,
|
�
|
2012
|
2011
|
Revenues:
|
�
|
�
|
Product sales and revenues
|
$ 51,711
|
$ 52,433
|
Research and development contracts
|
3,779
|
4,254
|
Total revenues
|
55,490
|
56,687
|
�
|
�
|
�
|
Costs of revenues:
|
�
|
�
|
Cost of product sales and revenues
|
49,741
|
65,519
|
Cost of research and development
contracts
|
3,444
|
4,354
|
Total cost of revenues
|
53,185
|
69,873
|
�
|
�
|
�
|
Gross profit (loss)
|
2,305
|
(13,186)
|
�
|
�
|
�
|
Operating expenses:
|
�
|
�
|
Administrative and selling
expenses
|
7,766
|
8,504
|
Research and development expenses
|
7,739
|
8,744
|
Total operating expenses
|
15,505
|
17,248
|
�
|
�
|
�
|
Loss from operations
|
(13,200)
|
(30,434)
|
�
|
�
|
�
|
Interest expense
|
(1,205)
|
(982)
|
Loss from equity investment
|
(512)
|
(55)
|
License fee and royalty income
|
836
|
788
|
Other income (expense), net
|
(218)
|
202
|
�
|
�
|
�
|
Loss before redeemable preferred
stock of subsidiary
|
(14,299)
|
(30,481)
|
�
|
�
|
�
|
Accretion of redeemable preferred
stock of subsidiary
|
--
|
(525)
|
�
|
�
|
�
|
Loss before provision for income
taxes
|
(14,299)
|
(31,006)
|
�
|
�
|
�
|
Provision for income taxes
|
(78)
|
(9)
|
�
|
�
|
�
|
Net loss
|
(14,377)
|
(31,015)
|
�
|
�
|
�
|
Net loss attributable to
noncontrolling interest
|
142
|
121
|
�
|
�
|
�
|
Net loss attributable to FuelCell
Energy, Inc.
|
(14,235)
|
(30,894)
|
�
|
�
|
�
|
Adjustment for modification of
redeemable preferred stock of subsidiary
|
--
|
(8,987)
|
Preferred stock dividends
|
(1,601)
|
(1,600)
|
�
|
�
|
�
|
Net loss to common shareholders
|
$ (15,836)
|
$ (41,481)
|
�
|
�
|
�
|
Net loss per share to common
shareholders
|
�
|
�
|
Basic
|
$ (0.11)
|
$ (0.35)
|
Diluted
|
$ (0.11)
|
$ (0.35)
|
�
|
�
|
�
|
Weighted average shares
outstanding
|
�
|
�
|
Basic
|
144,830,437
|
119,963,394
|
Diluted
|
� 144,830,437
|
119,963,394
|
�
|
�
|
FUELCELL ENERGY, INC.
|
Reconciliation of GAAP to Non-GAAP Consolidated Statements
of Operations
|
(Amounts in thousands, except share and per share amounts)
|
(Unaudited)
|
�
|
�
|
Three Months Ended April 30,
|
�
|
2012
|
2011
|
�
|
GAAP
� As Reported (1)
|
GAAP
As Reported
|
Non-GAAP
Adjustments
|
�
|
� Non-GAAP As�
Adjusted
|
Cost of product sales and revenues
|
$ 22,081
|
$ 37,460
|
$ (8,752)
|
(2)
|
$ 28,708
|
�
|
�
|
�
|
�
|
�
|
�
|
Gross profit (loss)
|
$ 201
|
$ (10,870)
|
$ 8,752
|
�
|
$ (2,118)
|
�
|
�
|
�
|
�
|
�
|
�
|
Loss from operations
|
$ (7,757)
|
$ (19,822)
|
$ 8,752
|
�
|
$ (11,070)
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss
|
$ (8,363)
|
$ (20,008)
|
$ 8,752
|
�
|
$ (11,256)
|
�
|
�
|
�
|
�
|
�
|
�
|
Adjustment for modification of
redeemable preferred stock of subsidiary
|
$ �
|
$ (8,987)
|
$ 8,987
|
(3)
|
$ �
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss to common shareholders
|
$ (9,093)
|
$ (29,743)
|
$ 17,739
|
�
|
$ (12,004)
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss per share to common
shareholders
|
�
|
�
|
�
|
�
|
�
|
Basic
|
$ (0.06)
|
$ (0.24)
|
$ 0.14
|
�
|
$ (0.10)
|
Diluted
|
$ (0.06)
|
$ (0.24)
|
$ 0.14
|
�
|
$ (0.10)
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
Six Months Ended April 30,
|
�
|
2012
|
2011
|
�
|
GAAP
� As Reported (1)
|
GAAP
As Reported
|
Non-GAAP
Adjustments
|
�
|
� Non-GAAP As �
Adjusted
|
Cost of product sales and revenues
|
$ 49,741
|
$ 65,519
|
$ (8,752)
|
(2)
|
$ 56,767
|
�
|
�
|
�
|
�
|
�
|
�
|
Gross profit (loss)
|
$ 2,305
|
$ (13,186)
|
$ 8,752
|
�
|
$ (4,434)
|
�
|
�
|
�
|
�
|
�
|
�
|
Loss from operations
|
$ (13,200)
|
$ (30,434)
|
$ 8,752
|
�
|
$ (21,682)
|
�
|
�
|
�
|
�
|
�
|
�
|
Loss before redeemable preferred
stock of subsidiary
|
$ (14,299)
|
$ (30,481)
|
$ 8,752
|
�
|
$ (21,729)
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss
|
$ (14,377)
|
$ (31,015)
|
$ 8,752
|
�
|
$ (22,263)
|
�
|
�
|
�
|
�
|
�
|
�
|
Adjustment for modification of
redeemable preferred stock of subsidiary
|
�
|
$ (8,987)
|
$ 8,987
|
(3)
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss to common shareholders
|
$ (15,836)
|
$ (41,481)
|
$ 17,739
|
�
|
$ (23,742)
|
�
|
�
|
�
|
�
|
�
|
�
|
Net loss per share to common
shareholders
|
�
|
�
|
�
|
�
|
�
|
Basic
|
$ (0.11)
|
$ (0.35)
|
$ 0.15
|
�
|
$ (0.20)
|
Diluted
|
$ (0.11)
|
$ (0.35)
|
$ 0.15
|
�
|
$ (0.20)
|
�
|
�
|
�
|
�
|
�
|
�
|
Notes to
Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations
For the Three and Six
Months Ended April 30, 2012 and 2011
Results of Operations are presented in accordance with accounting
principles generally accepted in the United States ("GAAP") and as
adjusted for certain items referenced below which relate to fiscal year 2011
only.� Management also uses non-GAAP measures which exclude non-recurring
items in order to measure periodic operating performance.� We have added
this information because we believe it helps in understanding the results of
our operations on a comparative basis.� This adjusted information
supplements and is not intended to replace performance measures required by
U.S. GAAP disclosure. � � Notes to the reconciliation of GAAP to
non-GAAP Consolidated Statements of Operations information are as follows:
(1) � Note that there were no adjustments to GAAP results as
reported for the three and six months ended April 30, 2012.
(2) � FuelCell Energy, Inc. has committed to a repair and
upgrade program to fix a performance shortfall for a select group of 1.2 MW
fuel cell modules produced between 2007 and early 2009.� Second quarter
2011 earnings was impacted by a charge of approximately $8.8 million, which was
accounted for as an increase to cost of goods sold. Our product sales, cost of
product sales and revenues, gross profit (loss) and cost to revenue ratio for
the three and six months ended April 30, 2012 and 2011 were as follows:
�
|
Three Months Ended
April 30,
|
Six Months Ended
April 30,
|
�
|
2012
|
2011
|
2012
|
2011
|
GAAP Revenue and Cost of Sales
|
�
|
�
|
�
|
�
|
Product sales and revenues
|
$� 22,111
|
� $� 26,673
|
$� 51,711
|
� $� 52,433
|
Cost of product sales and revenues
|
� 22,081
|
� � 37,460
|
� 49,741
|
� � 65,519
|
Gross profit (loss) from product
sales and revenues
|
$� 30
|
� $� (10,787)
|
$� 1,970
|
� $� (13,086)
|
Product Sales Cost-to-revenue
ratio(a)
|
� 1.00
|
� 1.40
|
� 0.96
|
� 1.25
|
�
|
�
|
�
|
Non-GAAP Adjustment to cost of
product sales and revenues:
|
�
|
�
|
|
|
Repair and Upgrade Cost
|
$� �
|
� $� (8,752)
|
$� �
|
� $� (8,752)
|
�
|
�
|
�
|
�
|
�
|
Gross Profit (Loss) (non-GAAP):
|
�
|
�
|
�
|
�
|
Gross profit (loss) from product
sales and revenues
|
$� 30
|
� $� (2,035)
|
$� 1,970
|
� $� (4,334)
|
Gross profit (loss)
from� research and development contracts
|
171
|
� (83)
|
335
|
(100)
|
Total
|
$� 201
|
� $� (2,118)
|
$� 2,305
|
� $� (4,434)
|
�
|
�
|
�
|
�
|
�
|
Product Sales Cost-to-revenue
ratio (non-GAAP)(a)
|
� 1.00
|
� 1.08
|
� � 0.96
|
� 1.08
|
�
|
(a)� Cost-to-revenue ratio is calculated as cost of
product sales and revenues divided by product sales and revenues.
|
(3)� During the three months ended April 30, 2011 the Company
entered into an agreement with Enbridge, Inc. to modify an agreement for the
Series� 1 preferred shares.� While this modification did not result
in a material change to future cash flows, it did result in a revaluation of
the instrument and a reclassification of amounts due as short and long term
liabilities.� An adjustment to additional paid in capital and loss to
common shareholders of $9.0 million was incurred in the second quarter of 2011
to adjust the carrying value of the Series I preferred shares on the
modification date to the fair value of the modified instrument.
�
CONTACT: FuelCell Energy, Inc. �������� Kurt Goddard, Vice President Investor Relations �������� 203-830-7494
�������� ir@fce.com
|
FuelCell Energy Inc.
|
|
|
CODE : FCEL |
ISIN : US35952H1068 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
FuelCell Energy est une société basée aux Etats-Unis D'Amerique. FuelCell Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 71,1 millions US$ (66,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 septembre 2000 à 99,38 US$, et son plus bas niveau récent le 28 juin 2019 à 0,13 US$. FuelCell Energy possède 81 632 865 actions en circulation. |
Rapports annuels de FuelCell Energy Inc. |
Financements de FuelCell Energy Inc. |
Nominations de FuelCell Energy Inc. |
Rapports Financiers de FuelCell Energy Inc. |
|
Projets de FuelCell Energy Inc. |
Communiqués de Presse de FuelCell Energy Inc. |
26/07/2017 | FuelCell Energy Announces the Award of Three Fuel Cell Proje... |
05/05/2016 | ExxonMobil and FuelCell Energy, Inc. Pursue Novel Technology... |
14/01/2016 | FuelCell Energy Announces 5.6 Megawatt Fuel Cell Project Wit... |
14/01/2016 | Renewable Hydrogen From Tri-Generation Fuel Cells Included U... |
08/01/2016 | Why Are These Stocks Surging on Friday? |
04/01/2016 | FuelCell Energy (FCEL) Soars on Pfizer Partnership |
04/01/2016 | Why Are These Stocks Surging on Monday? |
04/01/2016 | Analyst Estimates Suggest Upsides for Renewable Energy Compa... |
04/01/2016 | FuelCell Energy Announces Project Finance Facility with PNC ... |
04/01/2016 | 9:02 am FuelCell Energy announces 5.6 megawatt fuel cell pro... |
04/01/2016 | FuelCell Energy Announces 5.6 Megawatt Fuel Cell Project Wit... |
31/12/2015 | What Do Analysts Estimate for Renewable Energy? |
23/12/2015 | Analyzing Renewable Energy Companies’ Sales and Gross Profit |
18/12/2015 | FuelCell Energy Management Expects Break-Even at 90 Megawatt... |
18/12/2015 | FuelCell Energy’s Outlook and Analysts’ Recommendations |
17/12/2015 | FuelCell Energy Relies Heavily on Strategic Partners for Fun... |
17/12/2015 | FuelCell Energy’s Service Revenues Down, Product Revenues Up |
17/12/2015 | FuelCell Energy Falls after Reverse Split and Fiscal 4Q15 Re... |
15/12/2015 | Edited Transcript of FCEL earnings conference call or presen... |
15/12/2015 | FuelCell Falls Short on the Bottom Line |
15/12/2015 | FuelCell Energy Q4 Loss Wider than Expected, Revenues Top |
15/12/2015 | FuelCell Energy Reports Fourth Quarter 2015 Financial Result... |
15/12/2015 | FuelCell Energy Announces Project Finance Facility with PNC ... |
15/12/2015 | FuelCell Energy Announces Reverse Stock Split |
14/12/2015 | FuelCell Energy reports 4Q loss |
14/12/2015 | FuelCell Energy Reports Fourth Quarter 2015 Financial Result... |
13/12/2015 | Top 6 Earnings for the Week Ahead |
10/12/2015 | Should You Buy FuelCell Energy, Inc. (FCEL)? |
19/11/2015 | FuelCell Energy Commences Expansion of North American Manufa... |
02/11/2015 | FuelCell Energy and County of Alameda Announce 20-Year Power... |
28/10/2015 | FuelCell Energy Announces Definitive Agreements With the U.S... |
28/10/2015 | 8:31 am FuelCell Energy and county of Alameda announce 20-ye... |
28/10/2015 | FuelCell Energy and County of Alameda Announce 20-Year Power... |
05/10/2015 | FuelCell Energy Announces Definitive Agreements With the U.S... |
17/09/2015 | FuelCell Energy Reports Third Quarter 2015 Financial Results... |
17/09/2015 | FuelCell Energy Achieves Another Industry Milestone With Fou... |
09/09/2015 | Edited Transcript of FCEL earnings conference call or presen... |
08/09/2015 | FuelCell Energy Progressing Scalable and Affordable Carbon C... |
08/09/2015 | FuelCell Energy reports 3Q loss |
02/09/2015 | FuelCell Energy Selected for Carbon Capture Project by DOE |
01/09/2015 | FuelCell Energy, Inc. Announces Third Quarter Financial Resu... |
01/09/2015 | FuelCell Energy Progressing Scalable and Affordable Carbon C... |
31/08/2015 | FuelCell Energy Announces Additional Fuel Cell Sales to Sout... |
31/08/2015 | FuelCell Energy, Inc. Announces Third Quarter Financial Resu... |
28/08/2015 | EERC to Help Develop New Process to Convert Natural Gas Into... |
18/08/2015 | Mid-Day Market Update: Tuesday's Top Shorted Stocks |
10/08/2015 | FuelCell Energy Announces Appointment of Two New Members to ... |
10/08/2015 | 8:31 am FuelCell Energy announces the sale of 5.6 MW of fuel... |
10/08/2015 | FuelCell Energy Announces Additional Fuel Cell Sales to Sout... |
06/08/2015 | FuelCell Energy to Present at the Jefferies 2015 Industrials... |
06/08/2015 | FuelCell Energy Announces Appointment of Two New Members to ... |
04/08/2015 | FuelCell Energy Announces Project Development Agreement With... |
04/08/2015 | FuelCell Energy to Present at the Jefferies 2015 Industrials... |
30/07/2015 | FuelCell Energy Advancing Solid Oxide Fuel Cell Commercializ... |
30/07/2015 | FuelCell Energy Announces Project Development Agreement With... |
16/07/2015 | FuelCell Energy Advancing Solid Oxide Fuel Cell Commercializ... |
07/07/2015 | FuelCell Energy, Windstream And Others Insiders Have Been Bu... |
01/07/2015 | Chairman’s Purchases Fail to Lift FuelCell Energy Shares |
15/06/2015 | Falling Earnings Estimates Signal Weakness Ahead for FuelCel... |
09/06/2015 | Losses Continue at FuelCell |
07/06/2015 | 8 Key Earnings Previews for the Week Ahead |
16/04/2015 | Ballard Power Gets Order from China for Fuel Cell Modules - ... |
15/04/2015 | BATTCOM Could Catalyze ITKG After BASF Exhibits Electriplast... |
09/04/2015 | FuelCell Energy Applauds Issuance of Executive Order for Sus... |
02/04/2015 | FuelCell Energy to Install New Plant in Pepperidge Farm - An... |
02/04/2015 | Photo Release -- Competitive Carbon Reduction Solution Advan... |
02/04/2015 | FuelCell Energy Reports First Quarter 2015 Financial Results |
02/04/2015 | Pepperidge Farm Strengthens Its Recipe for Sustainability, A... |
02/04/2015 | FuelCell Energy Applauds Issuance of Executive Order for Sus... |
01/04/2015 | Pepperidge Farm Strengthens Its Recipe for Sustainability, A... |
14/03/2015 | FuelCell Energy Completes Sale of University Micro-grid Proj... |
11/03/2015 | FuelCell Q1 Loss Narrower than Expected; Revenues Lag - Anal... |
10/03/2015 | FuelCell Energy reports 1Q loss |
10/03/2015 | FuelCell Energy Reports First Quarter 2015 Financial Results |
09/03/2015 | Retailers & Other Companies To Watch For In Earnings This We... |
05/03/2015 | Photo Release -- Competitive Carbon Reduction Solution Advan... |
27/02/2015 | FuelCell Energy, Inc. Announces First Quarter Financial Resu... |
27/02/2015 | FuelCell Energy Completes Sale of University Micro-grid Proj... |
26/02/2015 | Ballard Power's Q4 Loss Wider than Expected, Lags Revenues -... |
25/02/2015 | FuelCell Energy, Inc. Announces First Quarter Financial Resu... |
13/02/2015 | Quantum Fuel Systems (QTWW) Falls: Stock Goes Down 7.9% - Ta... |
20/01/2015 | Photo Release -- U.S. Senator Blumenthal Expresses Industry ... |
15/12/2014 | FuelCell Energy reports 4Q loss |
15/12/2014 | FuelCell Energy Solutions Announces Final Acceptance of Larg... |
12/12/2014 | FuelCell Energy Reaches Industry Milestone of Three Billion ... |
11/12/2014 | UIL Holdings Displays Industry and Environmental Leadership ... |
07/11/2014 | Photo Release -- FuelCell Energy Announces Dedication Event ... |
04/11/2014 | FuelCell Energy Announces Fuel Cell Module Sales to South Ko... |
30/10/2014 | State backs FuelCell Energy project with $20M |
29/10/2014 | FuelCell Energy Announces Manufacturing Expansion Project to... |
14/10/2014 | Photo Release -- U.S. EPA Administrator McCarthy Visits Fuel... |
27/02/2014 | Event Reminder for FuelCell Energy, Inc. |
05/02/2014 | New SEC Document(s) for Marathon Oil Corporation |
29/01/2014 | New SEC Document(s) for FuelCell Energy, Inc. |
22/01/2014 | New SEC Document(s) for Marathon Oil Corporation |
06/01/2014 | New SEC Document(s) for FuelCell Energy, Inc. |
10/12/2013 | New SEC Document(s) for Marathon Oil Corporation |
10/12/2013 | Announces Two Billion Kilowatt Hours of Environmentally Frie... |
18/11/2013 | New SEC Document(s) for Marathon Oil Corporation |
31/10/2013 | New SEC Document(s) for Marathon Oil Corporation |
24/10/2013 | Announces Market Development Updates in Asia for Efficient a... |
21/10/2013 | Event Reminder for FuelCell Energy, Inc. |
18/10/2013 | New SEC Document(s) for Marathon Oil Corporation |
09/10/2013 | Announces Solid Oxide Fuel Cell Development Updates |
08/10/2013 | Solutions Announces Delivery of German-Made Fuel Cell Power ... |
27/09/2013 | New SEC Document(s) for Marathon Oil Corporation |
24/09/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
16/09/2013 | New SEC Document(s) for Marathon Oil Corporation |
12/09/2013 | Event Reminder for FuelCell Energy, Inc. |
05/09/2013 | Announces Teaming and Co-Marketing Agreement With NRG Energy... |
07/08/2013 | New SEC Document(s) for Berry Petroleum Company |
01/08/2013 | Applauds Creation of Fraunhofer Center for Energy Innovation... |
01/08/2013 | Announces New Website for European Operation and German Manu... |
30/07/2013 | New SEC Document(s) for Marathon Oil Corporation |
12/07/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
20/06/2013 | Announces Pricing of Senior Unsecured Convertible Notes Offe... |
20/06/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
18/06/2013 | Event Reminder for FuelCell Energy, Inc. |
17/06/2013 | New SEC Document(s) for Marathon Oil Corporation |
07/06/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
31/05/2013 | New SEC Document(s) for Marathon Oil Corporation |
08/05/2013 | New SEC Document(s) for Marathon Oil Corporation |
26/04/2013 | New SEC Document(s) for Marathon Oil Corporation |
24/04/2013 | New SEC Document(s) for Richmont Mines, Inc. |
18/04/2013 | Provides Business Update |
17/04/2013 | Announces Megawatt-Class Power Plant Order From Hartford Ste... |
15/04/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
08/04/2013 | Event Reminder for FuelCell Energy, Inc. |
08/04/2013 | Solutions to Hold Press Conference at Hannover Messe Hydroge... |
01/04/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
27/03/2013 | Unveils a New Website and Logo |
22/03/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
12/03/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
19/02/2013 | New SEC Document(s) for Marathon Oil Corporation |
05/02/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
31/01/2013 | New SEC Document(s) for Marathon Oil Corporation |
22/01/2013 | Announces Stationary Fuel Cell Power Plant Service Agreement... |
18/01/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
16/01/2013 | Event Reminder for FuelCell Energy, Inc. |
07/01/2013 | New SEC Document(s) for FuelCell Energy, Inc. |
10/12/2012 | New SEC Document(s) for Marathon Oil Corporation |
06/11/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
05/11/2012 | New SEC Document(s) for Marathon Oil Corporation |
05/11/2012 | Announces 121.8 Megawatt Order, Largest Ever Received by the... |
05/11/2012 | Announces Manufacturing Agreement With Partner, POSCO Energy |
05/11/2012 | Event Reminder for FuelCell Energy, Inc. |
01/11/2012 | New SEC Document(s) for Berry Petroleum Company |
24/10/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
24/10/2012 | New SEC Document(s) for Marathon Oil Corporation |
17/10/2012 | Highlights Advances With the Development of a 59 Megawatt Fu... |
17/10/2012 | Event Reminder for FuelCell Energy, Inc. |
16/10/2012 | Announces Operation of World's Largest Carbon Neutral Fuel C... |
03/10/2012 | Team Awarded $6.0 Million Contract to Continue Development o... |
02/10/2012 | New SEC Document(s) for Marathon Oil Corporation |
27/09/2012 | Event Reminder for FuelCell Energy, Inc. |
12/09/2012 | Event Reminder for FuelCell Energy, Inc. |
07/09/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
05/09/2012 | New SEC Document(s) for Marathon Oil Corporation |
27/08/2012 | Applauds Congressman Larson and Senator Blumenthal's Plan to... |
24/08/2012 | Provides Update Regarding Contract Negotiations With South K... |
07/08/2012 | Announces First Stationary Fuel Cell Power Plant Sale by Ger... |
26/07/2012 | Awarded $3.8 Million Contract by U.S. Navy to Develop Power ... |
19/06/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
07/06/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
30/05/2012 | Photo Release -- FuelCell Energy Outlines Growing South Kore... |
30/05/2012 | Event Reminder for FuelCell Energy, Inc. |
29/05/2012 | Announces Service Agreement Renewals |
16/05/2012 | Announces European Market Developments |
14/05/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
09/05/2012 | Event Reminder for FuelCell Energy, Inc. |
09/05/2012 | New SEC Document(s) for Apache Corporation |
08/05/2012 | Announces Acceleration of Existing South Korean Order |
02/05/2012 | Announces Completion of Investment by South Korean Partner |
27/04/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
27/04/2012 | New SEC Document(s) for Richmont Mines, Inc. |
07/04/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
21/03/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
14/03/2012 | Photo Release -- FuelCell Energy and Air Products Sign Memor... |
12/03/2012 | and POSCO Energy Announce Expanded Partnership |
09/03/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
29/02/2012 | New SEC Document(s) for Apache Corporation |
28/02/2012 | Announces Signing of a Long Term Service Agreement with a Ca... |
22/02/2012 | Announces Cooperation With Fraunhofer IKTS to Develop the Eu... |
21/02/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
07/02/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
18/01/2012 | New SEC Document(s) for FuelCell Energy, Inc. |
11/01/2012 | Event Reminder for FuelCell Energy, Inc. |
11/01/2012 | Delivers One Billion Kilowatt Hours of Ultra-Clean Power Gen... |
14/12/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
12/12/2011 | Enters Into Partnership Agreement With Abengoa to Develop Lo... |
30/11/2011 | Event Reminder for FuelCell Energy, Inc. |
10/10/2011 | Announces Sale of 1.4 Megawatt Power Plant to Provide Ultra-... |
06/10/2011 | Announces $1.0 Million Phase II Award for Hydrogen Separatio... |
03/10/2011 | Announces $3.0 Million Award for Carbon Capture Utilizing Di... |
16/09/2011 | Event Reminder for FuelCell Energy, Inc. |
08/09/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
07/09/2011 | Announces Asian Market Expansion With Sale of Ultra-Clean Fu... |
16/08/2011 | Announces Co-Production of Renewable Hydrogen for Vehicle Fu... |
08/08/2011 | New SEC Document(s) for Apache Corporation |
08/08/2011 | New SEC Document(s) for Constellation Energy Group |
04/08/2011 | Announces Signing of Two Long Term Service Agreements for Po... |
03/08/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
24/05/2011 | Event Reminder for FuelCell Energy, Inc. |
12/05/2011 | Event Reminder for FuelCell Energy, Inc. |
09/05/2011 | New SEC Document(s) for Apache Corporation |
09/05/2011 | New SEC Document(s) for Constellation Energy Group |
05/05/2011 | New SEC Document(s) for Richmont Mines, Inc. |
03/05/2011 | Team Awarded $11.7 Million Contract to Further Develop Clean... |
26/04/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
12/04/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
12/04/2011 | Awarded Research Contracts for Renewable Biogas Processing a... |
07/04/2011 | New SEC Document(s) for Apache Corporation |
30/03/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
10/03/2011 | Reports First Quarter Results and Latest Accomplishments |
24/02/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
08/02/2011 | New SEC Document(s) for FuelCell Energy, Inc. |
19/08/2010 | Sells Two DFC300 Power Plants to be Fueled With Renewable Bi... |
17/08/2010 | Sells 1.4 Megawatt Fuel Cell Power Plant to Provide Renewabl... |
09/08/2010 | Power Plants to be Installed at U.S. Naval Submarine Base Ne... |
28/07/2010 | Announces the Exercise of the Public Offering of Common Stoc... |
27/07/2010 | to Supply Fuel Cell Power Plant for Reliable and Secure Powe... |
06/07/2010 | Promotes Anthony Rauseo to Newly Created Chief Operating Off... |
30/06/2010 | Announces Closing of $30.0 Million Public Offering of Common... |
25/06/2010 | Prices $30 Million Public Offering of Common Stock |
24/06/2010 | Announces Proposed Public Offering of Common Stock |
03/06/2010 | to Supply Direct FuelCell Power Plants to California Utility |
24/03/2010 | Announces Passage of Renewable Portfolio Standard by South K... |
11/03/2010 | Releases Data for First Year of Ultra-Clean Hybrid Power Pla... |
10/03/2010 | Awarded $2.1 Million for Fuel Cell to be Incorporated into A... |
09/12/2009 | New SEC Document(s) for FuelCell Energy, Inc. |
02/11/2009 | New SEC Document(s) for FuelCell Energy, Inc. |
28/10/2009 | Sign License Agreement to Localize Products for South Korean... |
05/10/2009 | Awarded $1.5 Million for Electrochemical Hydrogen Separator ... |
15/09/2009 | Awarded $1.9 Million From American Recovery and Reinvestment... |
22/06/2009 | Announces Closing of $24.2 Million Registered Direct Offerin... |
16/06/2009 | $24.2 Million Registered Direct Offering |
09/06/2009 | POSCO Power Orders 30.8 MW of FuelCell Energy Modules and Co... |
05/06/2009 | Power Plant to Provide Ultra-Clean Energy for Government Bui... |
02/06/2009 | New SEC Document(s) |
11/03/2009 | Connecticut Department of Public Utility Control Issues Revi... |
20/02/2009 | Pepperidge Farm Joins With FuelCell Energy, Inc. and Connect... |
20/02/2009 | Enbridge and FuelCell Energy Power Up World's First DFC-ERG ... |
20/02/2009 | U.S. Marine Corps Orders Environmentally Friendly, Efficient... |
17/01/2009 | Connecticut Department of Public Utility Control Issues Draf... |
13/01/2009 | Team Awarded $30.2 Million Contract to Further Develop Clean... |
17/09/2008 | Connecticut Clean Energy Fund Submits Recommendations for Cl... |
24/06/2008 | New SEC Document(s) for FuelCell Energy, Inc. |
24/06/2008 | Initial Statement of Beneficial Ownership |
23/06/2008 | Names J.H. England to Board of Directors |
09/05/2008 | Connecticut Approves Financing Commitments for Two Hospital ... |
29/04/2008 | Connecticut Department of Public Utility Control Approves Fi... |
23/04/2008 | Orders 25.6 Megawatts of FuelCell Energy Power Plants and F... |
31/01/2008 | Connecticut Department of Public Utility Control Issues Fina... |
17/01/2008 | Receives $4 Million Loan From the State of Connecticut |
24/12/2007 | Connecticut Department of Public Utility Control Issues Draf... |
20/12/2007 | 1.2 Megawatt Power Plant Attains California Certifications ... |
11/12/2007 | Sells 4.8 Megawatts of Ultra-Clean Power Plants to South Ko... |
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