Quarterly ResultJun 8, 2026, 07:41 AM
FuelCell Energy Q2 Loss Widens to $78.7M; Revenue Down 5%
AI Summary
FuelCell Energy, Inc. reported its financial results for the second fiscal quarter ended April 30, 2026. Revenue decreased by 5% to $35.6 million, while gross loss widened by 37% to $(12.9) million. The company experienced a significant increase in loss from operations, up 118% to $(77.9) million, resulting in a net loss attributable to common stockholders of $(78.7) million, or $(1.45) per share. Despite the financial downturn, the company highlighted progress in its manufacturing expansion and strategic collaborations, including advancements in its data center power strategy and the shipment of carbon capture modules.
Key Highlights
- FuelCell Energy reported Q2 2026 revenue of $35.6 million, a 5% decrease year-over-year.
- Gross loss increased by 37% to $(12.9) million.
- Loss from operations surged 118% to $(77.9) million.
- Net loss attributable to common stockholders was $(78.7) million, or $(1.45) per share.
- Backlog decreased by 9.9% to $1.14 billion as of April 30, 2026.
- The company advanced expansion of Torrington manufacturing capacity to support 500 MW annualized production.
- First two carbon capture modules are en route to Rotterdam for ExxonMobil collaboration.
- Cash and cash equivalents totaled $440.9 million as of April 30, 2026.
Price Impact
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