Restructure And Recharge: FuelCell Cuts Workforce, Plans To Reduce Operating Costs By 15% In 2025

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading higher after the company disclosed a corporate restructuring across the U.S., Canada, and Germany.

The goal is to reduce costs and focus on core technologies in response to slower-than-anticipated clean energy investments.

FuelCell Energy expects the restructuring to lower operating costs by approximately 15% in fiscal year 2025 compared to 2024.

Here’s the plan:

• Reduce the workforce by 17% (including actions taken in September)
• Slash spending on product development, overhead, and other expenses.
• Prioritize commercially ...

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