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DANBURY, Conn. - FuelCell Energy, Inc. (NASDAQ:FCEL), a clean energy company currently trading below its InvestingPro Fair Value despite showing strong revenue growth of nearly 49% over the last twelve months, saw its CEO Jason Few issue a statement Monday supporting the One Big Beautiful Bill Act (OBBBA), highlighting provisions that benefit the fuel cell industry.
Few emphasized that the legislation includes "direct, powerful provisions" supporting fuel cell technology and reinforcing U.S. leadership in data center infrastructure and grid resilience.
The CEO specifically praised the reinstatement of the Investment Tax Credit (ITC) for fuel cell technologies, which he said ensures companies can "continue to deploy U.S.-built platforms at scale."
Few also expressed support for the preservation of tax credit transferability in the legislation, noting this feature is "particularly important for small- and mid-sized companies to maintain the ability to monetize these credits."
The company backed Congress’ decision to modify hydrogen provisions in the bill, which Few said provides stability for companies that have already invested significantly in hydrogen technology.
"The OBBBA doesn’t pick winners and losers—it recognizes the unique strengths of each clean energy technology," Few stated in the press release.
FuelCell Energy develops and manufactures fuel cell systems that provide electricity using various fuel sources including natural gas, biofuels, and hydrogen. The company has been operating for over 55 years and reports having nearly 200 modules in commercial operation globally. While facing current profitability challenges with negative gross margins, detailed analysis of these metrics and 15+ additional key insights are available through the comprehensive Pro Research Report on InvestingPro.
In other recent news, FuelCell Energy has reported its second-quarter 2025 financial results, showcasing a significant increase in revenue to $37.4 million from $22.4 million the previous year. Despite this growth, the company experienced a net loss of $38.8 million, or $1.79 per share. FuelCell Energy is undergoing strategic restructuring, focusing on its molten carbonate technology while temporarily pausing its solid oxide product line. The company is also reducing its workforce by 22% as part of efforts to streamline operations and focus on core technologies. KeyBanc Capital Markets maintained its Sector Weight rating on FuelCell Energy, with analysts highlighting the company’s promising revenue but noting challenges with margins and the need for financial discipline. The company’s backlog increased by 18.7% to $1.26 billion, driven by long-term service agreements and new power purchase agreements. FuelCell Energy aims to achieve positive adjusted EBITDA with increased production capacity, targeting new opportunities in data centers and distributed generation markets.
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