FCEL earns a 99.873% PJM capacity rating for its fuel cell system, potentially opening market opportunities as data center power demand surges.
FuelCell Energy (NASDAQ:FCEL) shares fell 15% on Wednesday after the company said Michael Bishop will transition from his role as chief financial officer, with Xylem finance executive Matthew Latino taking over in a planned succession. Bishop, who has been with the company for more than two decades, will stay on as a senior advisor through the 2027 annual meeting of stockholders.
The finance handoff at FuelCell Energy (NASDAQ:FCEL) drew a rougher verdict. It is drawing a far rougher market verdict than the rest of the fuel cell group, even with a reaffirmed profit target attached.
Fit Energy's plan to power a Pennsylvania data center with fuel cells has sent FuelCell Energy (NASDAQ:FCEL) stock sharply higher, while the rest of the fuel cell group is responding far more quietly. FuelCell Energy stock is at $20.
Money is flowing into onsite power generation names as a group, and FuelCell Energy (NASDAQ:FCEL) stock is leading the advance. FuelCell stock has climbed 7%, reaching $17.68 in the afternoon session.
FuelCell Energy (FCEL) reported earnings 30 days ago. What's next for the stock?
Fuel-cell stocks are under pressure Thursday as a sharp rise in long-term Treasury yields adds another challenge for capital-intensive clean energy projects. FuelCell Energy (NASDAQ:FCEL) stock is down 6% to $16.
FuelCell Energy is pairing continuous fuel-cell generation with batteries and controls to broaden microgrid use for demanding facilities.
FuelCell Energy's Q3 loss narrowed year over year but missed estimates as sales fell 29.4% and $17M of Fit Energy charges widened the gross loss.
FCEL targets data center conversions, a 100 MW production rate by October 2026 and positive adjusted EBITDA in fiscal fourth-quarter 2027.
FuelCell Energy reported disappointing third-quarter results, with both sales and earnings per share coming in well below consensus expectations. Margins were impacted by the decision to sell the initial 30 MW tranche under the recent agreement with Fit Energy below costs. The company took advantage of the AI data center hype and raised almost $300 million in net proceeds from an underwritten public offering and additional open market sales.
FuelCell Energy NASDAQ: FCEL reported third-quarter fiscal 2026 revenue of $33 million, down 29% from $46.7 million in the prior-year period, as fewer module deliveries to South Korea and lower generation output weighed on results. The company also highlighted new data-center-related commercial activity, including a 30-megawatt initial order under an agreement with Fit Energy and a subsequent 75-megawatt capacity reservation with a major colocation data center operator for a Texas project.