FuelCell Energy reports Q2 2026 loss amid manufacturing expansion and data center power strategy progress

FuelCell Energy reported a net loss of $77.6 million for Q2 2026, with revenues slightly down 5% to $35.6 million compared to last year. The company is advancing its data center power strategy by introducing a standardized 12.5 MW FuelCell Energy Block and expanding its Torrington manufacturing facility to support up to 500 MW annual production. Despite a 9.9% decrease in backlog to $1.14 billion, FuelCell Energy sees strong commercial momentum and holds $441 million in cash to support growth. The company aims to address grid constraints and accelerate power deployment for data centers, particularly in AI-driven markets.