FuelCell Energy Soars 2.01%: Q2 Revenue Surge & Cost Cuts!

Fuelcell Energy, Inc. surged 2.01% in premarket trading, reporting a 67% year-over-year increase in revenue for the second quarter of fiscal 2025, exceeding market expectations. The company also announced a 22% workforce reduction to lower operating costs and focus on core technologies, aiming to enhance profitability. Additionally, a new global restructuring plan is in place to reduce operating expenses and optimize resource allocation, further driving the company towards profitability.