John Livingston
elected a new director, John Livingston, to serve on the Board effective May 19, 2026
Highest-materiality recent filing
FuelCell Energy prices upsized $225M common stock offering at $21.00/share
Offering upsized to 10,714,286 shares at $21.00/share; gross proceeds $225M.
FuelCell Energy signs up to 380 MW fuel cell deal with Fit Energy; warrants issued
Capital Equipment Purchase Agreement for up to 380 MW, initial 30 MW phase 0 delivery expected in 2026.
FuelCell Energy Q2 FY2026: Revenue down 5% to $35.6M; net loss widens to $(78.7)M
Revenue $35.6M (-5% YoY); gross loss $(12.9)M vs $(9.4)M; operating loss $(77.9)M (+118%).
FuelCell Energy elects John Livingston to Board; cybersecurity and strategy veteran
John Livingston elected to FuelCell Energy Board effective May 19, 2026; board size increased from 8 to 9.
FuelCell Energy shareholders approve 3M new shares for incentive plan, 300K for ESPP
Sixth Amended Incentive Plan approved; authorizes 5,194,444 total shares (3,000,000 new).
FuelCell Energy Q1 revenue up 61% to $30.5M; net loss narrows to $0.49/share
Revenue $30.5M, up 61% YoY from $19.0M; gross loss $(5.9)M vs $(5.2)M.
FuelCell Energy separates from EVP & General Counsel Dolger; severance $398,494 plus equity
Joshua Dolger's employment ended Jan 6, 2026; separation agreement signed Feb 3, 2026.
FuelCell Energy names Amanda Schreiber General Counsel; Joshua Dolger out without cause
Joshua Dolger terminated as EVP, General Counsel & Corporate Secretary without cause, effective Jan 6, 2026.
FuelCell Energy amends equity distribution agreement to $200M; J.P. Morgan exits as agent
Amendment raises maximum common stock offering to $200M (excluding prior sales) from prior $300M ceiling.
FuelCell Energy Q4 revenue up 12% to $55M; FY revenue $158M (+41%); net loss narrows
Q4 revenue $55.0M (+12% YoY); gross loss improved to $(6.6)M from $(10.9)M.
FuelCell Energy sets FY 2026 LTI awards; CEO target $1.7M, TSR goals 20-50%
CEO Jason Few, CFO Michael Bishop, GC Joshua Dolger receive FY 2026 LTI awards: target values $1.7M, $800k, $550k.
FuelCell Energy sold 15.4M shares at avg $8.99, netting $135.5M in ATM offering through Nov 6
Issued 15,380,413 shares from Sep 15 to Nov 6, 2025 at avg $8.99 per share.
FuelCell Energy Q3 rev $46.7M (+97% YoY); net loss $(92.5M) due to $64.5M impairment
Product revenue $26.0M vs $0.3M YoY; $24M from GGE module delivery and commissioning.
FuelCell Energy EVP and CCO Michael Hill resigns; Eric Strayer promoted to SVP Global Head of Sales
Michael Hill resigned as EVP and Chief Commercial Officer effective September 5, 2025, to pursue another opportunity.
FuelCell EVP Strategic Partnerships Michael Lisowski to leave July 4; severance $400K
Michael Lisowski, EVP Strategic Partnerships, terminated without cause effective July 4, 2025.
Revenue $37.4M (+67% YoY); backlog $1.26B (+19% YoY).
FuelCell Energy appoints Michael Hill EVP & Chief Commercial Officer; base salary $450k
Michael Hill appointed EVP & Chief Commercial Officer effective May 5, 2025.
FuelCell Energy EVP & Chief Commercial Officer Mark Feasel Departs Without Cause
Mark Feasel terminated without cause effective May 2, 2025; separation agreement signed April 28.
Stockholders approve incentive plan adding 750k shares; all directors re-elected
Stockholders approved Fifth Amended 2018 Incentive Plan, authorizing 2,194,444 total shares (750,000 new shares).
FuelCell Energy adjourns 2025 Annual Meeting to April 17 to solicit additional proxies
Annual meeting on April 3, 2025, adjourned without opening polls; reconvened April 17, 2025 at 1:00 PM EDT.
FuelCell Energy Q1 FY2025 revenue $19.0M (+14% YoY), net loss $(32.4M), losses narrowing
Revenue $19.0M (+14% YoY); gross loss improved to $(5.2)M from $(11.7)M.
FuelCell Energy appoints Shankar Achanta EVP CPTO; FY2025 LTI awards to NEOs total ~$2.3M
Shankar Achanta promoted to EVP Chief Product & Technology Officer, effective Jan 1, 2025; base salary $400k, target bonus 60%.
FuelCell Energy Q4 revenue doubles to $49.3M but gross loss widens to $(10.9)M; net loss $(39.6)M
Q4 revenue $49.3M (+120% YoY) driven by module sales to GGE in South Korea and Ameresco contract.
FuelCell Energy regains Nasdaq minimum bid price compliance
Received Nasdaq letter on Nov 25, 2024 confirming compliance with Listing Rule 5450(a)(1).
FuelCell Energy cuts 13% of workforce (75 jobs), targets 15% cost reduction; cash >$300M
Board approved global restructuring on Nov 13, 2024; workforce reduced by ~13% or 75 employees.
FuelCell Energy to effect 1-for-30 reverse stock split on Nov 8 to regain Nasdaq compliance
Reverse split effective 5:00 p.m. ET Nov 8; post-split trading begins Nov 11 under symbol FCEL.
FuelCell Energy stockholders approve reverse stock split at ratio 1:10 to 1:30
Special meeting held Oct 31, 2024; 258.7M shares voted (~47% of outstanding).
Revenue $23.7M, down 7% YoY; gross loss improved to $(6.2)M from $(8.2)M.
FuelCell Energy amends bylaws, reducing stockholder quorum to 33 1/3%
Board adopted Third Amended and Restated By-laws effective Sept 3, 2024.
Special meeting scheduled for October 31, 2024 to consider authorizing a reverse stock split.
FuelCell Energy subsidiary extends Calgary lease for solid-oxide facility to Sep 2028
Versa Power Systems extended lease for Second Additional Premises (18,627 sq ft) to September 30, 2028.
FuelCell Energy Q2 revenue falls 42% to $22.4M; net loss per share $(0.07)
Revenue of $22.4M, down 42% YoY from $38.3M; gross loss widened to $(7.1)M from $(6.1)M.
FuelCell Energy stock below $1.00 for 30 days; Nasdaq gives 180 days to cure
Nasdaq notified FuelCell on May 31, 2024, that closing bid price was below $1.00 for 30 consecutive business days.
FuelCell Energy signs $159.6M long-term service agreement with GGE for 58.8 MW Korean platform
Total contract value $159.6M for 42 replacement fuel cell modules, balance-of-plant parts, and O&M services.
FuelCell Energy appoints Tyrone Michael Jordan to board, expands size to 8
Board elected Tyrone Michael Jordan as director effective April 29, 2024, until 2025 annual meeting.
FuelCell Energy ups ATM offering to $300M via amendment to sales agreement
Amended ATM agreement raises maximum aggregate offering price to $300,000,000 from prior 95,000,000 share cap.
FuelCell Energy COO Michael Lisowski resigns, appointed EVP Strategic Partnerships
Michael J. Lisowski resigned as COO effective April 4, 2024.
FuelCell Energy shareholders approve 25M extra shares for incentive plan; say-on-pay vote fails
Stockholders approved amendment to increase authorized shares under incentive plan by 25M, totaling 43,333,333 shares.
FuelCell Energy and ExxonMobil Extend Joint Development Agreement Through 2026
Term extended to December 31, 2026, from original March 31, 2024 expiration.
FuelCell Energy receives EMTEC notice to negotiate commercial follow-on; JDA term expires March 31
On March 8, 2024, ExxonMobil's EMTEC issued notice under JDA to negotiate a follow-on commercial agreement for Generation 2 technology.
FuelCell Energy Q1 revenues $16.7M, down 55% YoY; operating loss widens to $42.5M
Net loss of $44.4M vs $21.1M YoY; EPS unchanged at $(0.05) on higher share count.
FuelCell Energy amends bylaws to remove 'Acting in Concert' definition
Board amended Second Amended and Restated Bylaws effective February 22, 2024.
FuelCell Energy receives binding purchase order from ExxonMobil affiliate for carbon capture pilot
Esso Nederland B.V. ordered fuel cell modules and engineering services for a pilot plant at the Rotterdam complex.
FuelCell Energy amends debt agreement to extend FY2023 reporting deadline to 180 days
Amendment No. 2, effective January 2, 2024, extends FY2023 financial reporting deadline from 120 to 180 days after fiscal year end.
FuelCell Energy Q4 revenue $22.5M (-43% YoY); FY2023 net loss $(108.1)M
Q4 revenue $22.5M, down from $39.2M YoY; gross loss improved to $(1.5)M from $(15.2)M.
FuelCell Energy approves FY2024 LTI awards for CEO Few ($2.57M) and other top executives
CEO Jason Few target LTI award $2,574,000; CFO Bishop $1,000,000; three EVPs $550,000 each.
FuelCell Energy stockholders approve doubling authorized common shares to 1 billion
Special meeting held Oct 10, 2023; 53.7% quorum (241.8M of 450.1M shares).
FuelCell Energy Q3 revenues down 41% to $25.5M; net loss per share $(0.06)
Revenue $25.5M vs $43.1M YoY; gross loss $(8.2)M vs $(4.2)M.
FuelCell Energy extends JDA with ExxonMobil to March 2024; research funding cap raised to $67M
Amendment No. 4 extends Joint Development Agreement term to March 31, 2024.
FuelCell Energy closes $20M back leverage financing for Groton project
Borrowed $12M senior and $8M subordinated loans; net proceeds ~$19.6M after fees.
elected a new director, John Livingston, to serve on the Board effective May 19, 2026
on June 3, 2025, FuelCell Energy, Inc. (the “Company”) made a determination to end its employment relationship with Michael Lisowski, its Executive Vice President, Strategic Partnerships, without cause, effective as of July 4, 2025.
On April 23, 2025, FuelCell Energy, Inc. (the “Company”) made a determination to end its employment relationship with Mark Feasel, its Executive Vice President and Chief Commercial Officer, without cause, effective as of May 2, 2025.
elected a new director – Tyrone Michael Jordan – to serve on the Board effective April 29, 2024
On April 4, 2024, Michael J. Lisowski, the Executive Vice President and Chief Operating Officer of FuelCell Energy, Inc. (the “Company”) resigned from his position as Chief Operating Officer of the Company, effective immediately.
the Board of Directors of the Company promoted and appointed Gregory Adams to the role of Senior Vice President, Finance, Risk Management and Treasurer of the Company, reporting to Mr. Bishop.
Michael S. Bishop, the Executive Vice President, Chief Financial Officer, and Treasurer of FuelCell Energy, Inc. (the “Company”) resigned from his position as Treasurer of the Company.
Jason Few, the Company’s President, Chief Executive Officer and Chief Commercial Officer, resigned his role of Chief Commercial Officer effective March 31, 2022.
On March 31, 2022, the Board of Directors (the “Board”) of FuelCell Energy, Inc. (the “Company”) appointed Mark Feasel to serve as the Company’s Executive Vice President and Chief Commercial Officer, effective April 18, 2022.
On December 10, 2021, the Board of Directors (the “Board”) of FuelCell Energy, Inc. (the “Company”) appointed Joshua Dolger, the Company’s Interim General Counsel and Corporate Secretary, to serve as the Company’s Executive Vice President and General Counsel.
elected a new director – Betsy B. Bingham – to serve on the Board effective December 3, 2021
On August 13, 2021, the Board of Directors (“Board”) of FuelCell Energy, Inc. (the “Company”) increased the size of the Board to seven directors and elected a new director – Donna Sims Wilson – to serve on the Board effective August 13, 2021
Max materiality 0.90 · Median 0.62 · Most common event other_material