FuelCell Energy targets positive adjusted EBITDA in Q4 fiscal 2027 while expanding Torrington to 500 MW by June 2028
FuelCell Energy released its Q3 2026 earnings report, revealing a wider-than-expected loss and lower revenue. Shares dropped 15.75% in premarket trading, closing at $14.39 after starting at $17.08. The company reported an adjusted loss of $0.64 per share, surpassing analysts' expectations for a $0.40 loss. Revenue fell to $33.0 million, down 29% from $40.1 million in the same period last year.
The decline was due to lower net product and service revenue, as well as a $17.0 million charge from inventory write-downs and purchase commitment losses. Despite strong demand from data center customers and progress in carbon capture projects, the company's gross loss widened to $24.5 million. Management expressed optimism about scaling production to 100 megawatts by October 2026 and targeting positive adjusted EBITDA in Q4 fiscal 2027.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
