FuelCell Energy Reports Q3 Earnings with Revenue Decline and Expanded Data Center Strategy
FuelCell Energy reported a revenue decline in its third-quarter fiscal 2026 earnings, falling to $33 million from $46.7 million the previous year due to completed South Korea module deliveries and reduced generation output. The company posted a net loss of $45.3 million with a widened gross loss of $24.5 million, partly attributed to Fit Energy-related charges totaling approximately $17 million. Despite these challenges, FuelCell is targeting data-center demand through a 30-megawatt order from Fit Energy and a separate 75-megawatt reservation in Texas with a major colocation operator. CEO Jason Few emphasized the growing importance of behind-the-meter power generation for AI-driven computing needs. The company ended Q3 with $737.3 million in cash, bolstered by recent stock sales raising about $298 million. FuelCell plans to expand its manufacturing capacity significantly over the next two years and aims for positive adjusted EBITDA starting in fiscal 2027.
Tickers: $FCEL