** Renewable power company FuelCell Energy's shares rise ~17% to $8.19 premarket

** Co says it aims to restructure its operations in the U.S., Canada and Germany to cut operating costs

** Co expects operating costs to reduce by ~15% in FY2025, with a 17% total workforce reduction and spending cuts on product development and overhead costs

** Says the initiative follows similar actions by peers amid uncertain government policies and aims to incentivize critical long-term, capital-intensive projects

** Up to Thursday's close, stock has fallen ~85% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))