FuelCell Energy to cut 17% of its staff

FuelCell Energy to cut 17% of its staff as part of a global restructuring plan
FuelCell Energy’s stock extend rocket-like bounce after restructuring plan announced that includes a 17% workforce reduction.
FuelCell Energy surges on restructuring plan to include 17% workforce cut
FuelCell Energy (NASDAQ:FCEL) +20.1% pre-market Friday after it unveiled a global restructuring plan that will include cutting 17% of its staff. FuelCell (FCEL) said the plan aims to reduce total operating costs by 15% in 2025,
Danbury-based FuelCell Energy cutting 17 percent of workforce amid lower clean-energy spending
Citing expectations for lower spending on clean-energy technologies, FuelCell Energy is cutting jobs. The company is based in Danbury.
Restructure And Recharge: FuelCell Cuts Workforce, Plans To Reduce Operating Costs By 15% In 2025
FuelCell Energy announced global restructuring to reduce costs, focus on core technologies, and address slower clean energy investments.
FuelCell Energy to lay off 13% of workforce to reduce operating costs
Renewable power company FuelCell Energy said on Friday it will reduce 13% of its workforce as part of a global restructuring of its operations in the U.S., Canada and Germany.
FuelCell Energy To Cut Additional 13% Of Workforce Amid Slower Clean-Energy Investments
FuelCell Energy will cut an additional 13% of its workforce as part of a restructuring in response to slower investments in clean energy.
FuelCell Energy To Cut 17% Of Workforce, Stock Up In Pre-Market
The workforce reduction-related non-recurring accounting charges are expected to occur in the fourth quarter of fiscal year 2024 and the first quarter of fiscal year 2025. During the pre-market hours, FuelCell's stock is climbing 20.97 percent, to $8.48 on the Nasdaq.
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Trump Effect? FuelCell Energy Sinks On Job Cuts Amid Policy Uncertainty, Retail On The Fence
Shares of FuelCell Energy Inc. ($FCEL) saw a sharp reversal on Friday, turning negative after the company announced a global ...
FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth
Go-forward strategy will emphasize topline revenue growth and future profitability.Company to reduce total operating costs by ...
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FuelCell Energy (NASDAQ:FCEL) Price Target Lowered to $5.00 at Wells Fargo & Company
FuelCell Energy (NASDAQ:FCEL – Free Report) had its target price reduced by Wells Fargo & Company from $30.00 to $5.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & ...
FuelCell announces global restructuring, to reduce workforce by 17%
Energy announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce ...
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FuelCell Energy Announces 1-For-30 Reverse Stock Split
FuelCell Energy, Inc. DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding ...
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FuelCell Energy (FCEL) Loses -27.82% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
A downtrend has been apparent in FuelCell Energy (FCEL) lately with too much selling pressure. The stock has declined 27.8% ...
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The FuelCell Energy Inc Enigma: What’s Causing the Wild Swings in FCEL Stock?
On Wednesday, FuelCell Energy Inc (FCEL) stock saw a modest uptick, ending the day at $5.96 which represents a slight increase of $0.26 or 4.56% from the prior close of $5.7. The stock opened at $ and ...
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Conservative Outlook and Sell Rating for Fuelcell Energy Amid Uncertain Revenue Growth and Legislative Risks
In a report released yesterday, Praneeth Satish from Wells Fargo maintained a Sell rating on Fuelcell Energy (FCEL – Research Report), with a price target of $5.00. Praneeth Satish has given his ...