$PLUG | Plug Power Inc Files for Resale From Time to Time of 55 Mln Shares of Common Stock Offered by Selling Stockholder
$FCEL did $37m in revenue last quarter but claims over $1.2B in backlog. Hmm... https://t.co/wHaKikk0El
Lets see if $FCEL ER can help $PLUG! https://t.co/YrVUBYta3R
FuelCell Energy Inc. reported its fiscal second-quarter 2025 earnings, posting a net loss of $37.7 million and an EPS of negative $1.79. The company generated $37.4 million in revenue during the quarter. In response to financial pressures, FuelCell Energy announced a global restructuring plan aimed at reducing operating expenses by 30%. This plan includes a strategic refocus on its carbonate fuel cell platform and a pause on research and development for solid oxide fuel cells. Despite the modest quarterly revenue, the company claims a backlog exceeding $1.2 billion. Separately, Plug Power Inc. filed for resale authorization of 55 million shares of common stock by a selling stockholder, a move that may have implications for its market activity.