FuelCell Energy (NASDAQ:FCEL) Issues Quarterly Earnings Results

FuelCell Energy (NASDAQ:FCEL) issued its earnings results on Wednesday. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23), FiscalAI reports. FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The company had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $38.78 million.

Here are the key takeaways from FuelCell Energy’s conference call:

• Positive Sentiment: FuelCell Energy secured its first data-center order, covering up to 380 MW across four phases, including an initially committed 30-MW phase. It also announced a subsequent 75-MW capacity reservation with a major colocation operator, though definitive agreements and timing remain pending.
• Positive Sentiment: Total committed and awarded capacity backlog reached $3.6 billion, comprising $1.3 billion of firm committed backlog and $2.4 billion of awarded capacity reservations. Management cautioned that awarded capacity is not guaranteed revenue and may not fully convert to contracts.
• Positive Sentiment: The company ended the quarter with a record $737.3 million in cash and restricted cash, including $658.1 million of unrestricted cash, and said its planned Torrington expansion is fully funded. Production capacity is targeted to increase from a 37-MW annualized rate to 100 MW in October 2026 and ultimately 500 MW by June 2028.
• Negative Sentiment: Third-quarter revenue fell 29% to $33 million, while gross loss widened to $24.5 million. Results included $17 million of charges tied to the Fit Energy agreement because current production costs and overhead exceed contractual pricing.
• Neutral Sentiment: Management is targeting positive adjusted EBITDA in the fourth quarter of fiscal 2027, contingent on converting awarded capacity into firm contracts, matching customer delivery schedules, ramping production, and achieving planned manufacturing cost reductions.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $14.40 on Thursday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -2.19 and a beta of 2.35. FuelCell Energy has a 12-month low of $3.81 and a 12-month high of $37.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20. The firm’s 50-day moving average is $21.67 and its two-hundred day moving average is $15.87.

Insider Buying and Selling at FuelCell Energy

In related news, EVP Shankar Achanta sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total transaction of $71,775.00. Following the transaction, the executive vice president owned 2,618 shares of the company’s stock, valued at approximately $75,162.78. This represents a 48.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in FuelCell Energy during the 4th quarter worth approximately $29,000. Bank of America Corp DE lifted its position in shares of FuelCell Energy by 31.9% during the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after purchasing an additional 4,435 shares in the last quarter. Rhumbline Advisers boosted its position in FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after buying an additional 5,585 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after acquiring an additional 7,080 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of FuelCell Energy during the fourth quarter worth about $78,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FCEL. B. Riley Financial upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $32.00 in a report on Monday, June 29th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, June 9th. Wells Fargo & Company lifted their price target on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.83.

Trending Headlines about FuelCell Energy

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: FuelCell Energy signed its first capacity reservation agreement with a major data-center operator for a planned 75 MW Texas project. The agreement includes an upfront reservation payment and gives the customer priority access to manufacturing capacity. FuelCell Energy Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: The company reported $1.3 billion of committed backlog and $2.35 billion of awarded capacity backlog, bringing total committed and awarded capacity backlog to approximately $3.6 billion. However, awarded backlog is not yet firm revenue and includes optional Fit Energy phases.
• Positive Sentiment: FuelCell Energy reiterated plans to reach a 100 MW annualized production rate in October 2026 and expand its Torrington, Connecticut facility to 500 MW by June 2028. Management now targets positive adjusted EBITDA in the fourth quarter of fiscal 2027, subject to contract conversion, delivery timing and cost reductions.
• Positive Sentiment: Cash, cash equivalents and restricted cash increased to $737.3 million, supported partly by recent equity offerings, providing funding for manufacturing expansion and working capital. The company also announced a Siemens collaboration and delivered its first carbon-capture modules to ExxonMobil.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.