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.
FuelCell Energy (NASDAQ:FCEL) reported a steeper third-quarter loss on Wednesday, as inventory and purchase-commitment charges tied to a new data center power agreement pushed costs above what the deal currently pays. Revenue fell 29% year-over-year to $33 million, missing analyst estimates of $41.3 million, while adjusted loss per share came in at $0.64, wider than the $0.41 loss expected.
FuelCell Energy (FCEL) came out with a quarterly loss of $0.64 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to a loss of $0.95 per share a year ago.
FuelCell Energy (NASDAQ:FCEL) stock is down 13% to $14.90 in early trading Wednesday after the company reported fiscal Q3 2026 results before the open. The Global X Hydrogen ETF (NASDAQ:HYDR) is unchanged at $42.
FuelCell Energy Inc (NASDAQ:FCEL) stock is set to be one of the worst-performers on Wall Street today, down 13.3% in electronic trading.
As FuelCell Energy gears up to report fiscal third-quarter earnings on Sept. 2, let's find out how the expectations stack up.
FuelCell Energy's improving outlook is drawing attention, but key questions remain over turning growth opportunities into lasting financial progress.
Here is how FuelCell Energy (FCEL) and Valero Energy (VLO) have performed compared to their sector so far this year.
FuelCell Energy (FCEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).