FuelCell Energy reported a Q3 earnings per share loss of $0.64, missing analyst estimates of a $0.41 loss, though it improved from last year's $0.95 loss. Quarterly revenue fell 29% year-over-year to $33 million, below expectations, due to fewer module deliveries to South Korea and lower power generation. The wider loss was impacted by charges related to a new power agreement with Fit Energy. Despite this, the company's backlog increased 4.1% to $1.3 billion, and it maintains strong financial health with a low debt-to-equity ratio and high current ratio, signaling potential for future growth.
Several tech stocks including Pasqal, Credo, Palo Alto Networks (PANW), FuelCell Energy (FCEL), and MongoDB (MDB) saw significant declines on September 2, 2026. Pasqal dropped over 21% despite positive quantum computing progress, likely due to profit...
FuelCell Energy reported a larger third-quarter loss due to higher costs linked to a new data center power deal, with revenue dropping 29% year-over-year to $33 million and adjusted loss per share at $0.64, wider than expected. The company’s gross lo...
FuelCell Energy's stock fell 13% following its fiscal Q3 2026 report, which showed a wider loss and a $17 million charge related to product costs and pricing issues with Fit Energy. Revenue dropped 29% year-over-year to $33 million, missing expectati...
