Earnings summaries and quarterly performance for FUELCELL ENERGY.
Executive leadership at FUELCELL ENERGY.
Board of directors at FUELCELL ENERGY.
Research analysts who have asked questions during FUELCELL ENERGY earnings calls.
NP
Noel Parks
Tuohy Brothers
8 questions for FCEL
Also covers: BE, BEEM, BLNK +19 more
George Gianarikas
Canaccord Genuity
6 questions for FCEL
Also covers: AEVA, AIRJ, AMRC +21 more
Ryan Pfingst
B. Riley Securities
6 questions for FCEL
Also covers: AMPX, AMRC, ASPN +8 more
Dushyant Ailani
Jefferies
5 questions for FCEL
Also covers: ADM, BE, BLDP +4 more
JO
Jeffrey Osborne
TD Cowen
4 questions for FCEL
Also covers: ASPN, AUR, BLDP +14 more
SJ
Saumya Jain
UBS
3 questions for FCEL
Also covers: AMTX, BLDP, CLMT +8 more
Jeffrey Campbell
Seaport Research Partners
2 questions for FCEL
Also covers: AIRJ, AMPS, ARIS +7 more
M
Matt
Western Standard
1 question for FCEL
Also covers: AAT, ABEO, CWCO +4 more
Recent press releases and 8-K filings for FCEL.
FuelCell Energy and SDCL Announce Strategic Collaboration for Data Center Power
FCEL
New Projects/Investments
- FuelCell Energy, Inc. and Sustainable Development Capital LLP (SDCL) have announced a strategic collaboration to explore the deployment of up to 450 megawatts of advanced fuel-cell power systems.
- This collaboration is aimed at supporting data center growth and other mission-critical distributed power needs globally, addressing the changing nature of power demand due to AI.
- The partnership integrates FuelCell Energy’s proven distributed baseload power technology with SDCL’s experience in financing and operating scalable energy infrastructure.
- FuelCell Energy's systems offer reliable, high-availability power and can generate continuous, megawatt-scale direct DC power, which is architecturally ready for 800-volt DC designs increasingly used in data centers.
Jan 20, 2026, 12:30 PM
FuelCell Energy Amends Open Market Sale Agreement, Increases Share Offering to $200 Million
FCEL
- FuelCell Energy, Inc. amended its Open Market Sale AgreementSM on December 30, 2025, to increase the aggregate offering price of common shares that may be sold to $200,000,000, exclusive of any sales made prior to the amendment date.
- J.P. Morgan Securities LLC is no longer a sales agent under the agreement, effective December 24, 2025, following their written notice of termination.
Dec 30, 2025, 9:55 PM
FuelCell Energy Reports Q4 and Full Fiscal Year 2025 Results, Highlights Data Center Strategy
FCEL
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- FuelCell Energy reported Q4 2025 revenues of $55 million, a 12% increase year-over-year, and full fiscal year 2025 revenues of $158.2 million, a 41% increase year-over-year. The company's net loss per share for Q4 2025 was $0.85, an improvement from $2.21 in the prior year period.
- The company is focused on a data center strategy to meet growing power demand, actively engaging with participants across the ecosystem. They aim to achieve positive Adjusted EBITDA by scaling their Torrington manufacturing facility to an annualized production rate of 100 megawatts per year, currently 40% of the way there.
- As of October 31, 2025, backlog increased by approximately 2.6% to $1.19 billion, and the company held $341.8 million in cash, restricted cash, and cash equivalents.
- Key projects include over 100 megawatts in South Korea in backlog, with an additional 100 megawatts under MOU, supported by $25 million in Exxon financing for the GGE project. The ExxonMobil carbon capture demonstration in Rotterdam is expected to be operational in the latter half of 2026.
Dec 18, 2025, 3:00 PM
FuelCell Energy Reports Increased Revenues and Backlog in Q4 and Full Fiscal Year 2025
FCEL
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- FuelCell Energy reported total revenues of $55 million for Q4 2025, a 12% increase compared to the prior year quarter, and $158.2 million for the full fiscal year 2025, a 41% increase year-over-year.
- The company's net loss per share attributable to common stockholders improved to $0.85 in Q4 2025 from $2.21 in Q4 2024, and Adjusted EBITDA improved to negative $17.7 million from negative $25.3 million in the same period.
- FuelCell Energy's backlog increased by approximately 2.6% to $1.19 billion as of October 31, 2025, primarily due to additions of the Hartford Project and a long-term service agreement with CGN Yulchon Generation Company Limited.
- The company is actively pursuing a data center strategy and is 40% of the way to its goal of achieving an annualized production rate of 100 megawatts per year at its Torrington facility, which is expected to lead to positive Adjusted EBITDA.
- FuelCell Energy is advancing carbon capture technology, with a demonstration project with ExxonMobil in Rotterdam expected to be operational in the latter half of 2026.
Dec 18, 2025, 3:00 PM
FuelCell Energy Reports Increased Q4 and Full-Year 2025 Revenue, Focuses on Data Centers and Manufacturing Scale
FCEL
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- FuelCell Energy reported Q4 2025 revenues of $55 million, a 12% increase year-over-year, and full-year 2025 revenues of $158.2 million, up 41% from the prior year. The Adjusted EBITDA improved to -$74.4 million for fiscal year 2025, a 26% reduction in loss compared to the prior year, reflecting early benefits from cost-savings and strategic focus.
- The company's backlog increased by 2.6% to $1.19 billion as of October 31, 2025, and it maintained a strong liquidity position with $341.8 million in cash, restricted cash, and cash equivalents.
- Strategically, FuelCell Energy is focused on the data center market and scaling its Torrington manufacturing facility. The company is 40% of the way to its goal of 100 MW per year production, which is expected to lead to positive Adjusted EBITDA, with potential to expand to 350 MW per year within 18 months with additional capital investment.
- The company secured $25 million in financing from Exxon for its GGE project in Korea and an additional $25 million debt financing with EXIM post-quarter, supporting international growth and project deployment.
Dec 18, 2025, 3:00 PM
FuelCell Energy Reports Q4 and Fiscal Year 2025 Results
FCEL
Earnings
New Projects/Investments
- For Q4 2025, FuelCell Energy reported total revenue of $55.0 million and a net loss of $(29.3) million. For the full fiscal year 2025, total revenue was $158.2 million with a net loss of $(191.4) million.
- The company ended fiscal year 2025 with $341.8 million in total cash, restricted cash, and cash equivalents as of October 31, 2025.
- FuelCell Energy is focusing on a data center strategy and reported an annualized production rate of 41 MW per year as of October 31, 2025, with the potential to expand to 350 MW per year with additional capital investments.
- The total backlog as of October 31, 2025, stood at $1.20 billion, primarily driven by Generation backlog of $0.95 billion and Service backlog of $0.16 billion.
Dec 18, 2025, 3:00 PM
FuelCell Energy Reports Q4 and Fiscal Year 2025 Results with Revenue Growth and Data Center Focus
FCEL
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- FuelCell Energy reported Q4 2025 revenue of $55.0 million, an increase of approximately 12% year-over-year, and fiscal year 2025 revenue of $158.2 million, up from $112.1 million in FY 2024.
- The company's net loss per share attributable to common stockholders improved to $(0.85) in Q4 2025 from $(2.21) in Q4 2024, and to $(7.42) for FY 2025 from $(7.83) in FY 2024.
- Total backlog increased by approximately 2.6% to $1.19 billion as of October 31, 2025, compared to $1.16 billion as of October 31, 2024.
- As of October 31, 2025, FuelCell Energy held $278.1 million in unrestricted cash and cash equivalents, and is strategically focusing on data center opportunities.
Dec 18, 2025, 12:35 PM
Quarterly earnings call transcripts for FUELCELL ENERGY.
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