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Fuelcell Energy (FCEL)
NASDAQ:FCEL
Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.52Last Year’s EPS
-1.79Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive commercial and operational story: strong top-line momentum (+61% revenue growth), sizable data center pipeline (>1.5 GW proposals with data centers >80% of pipeline), strategic partnerships (SDCL, EXIM) and an important carbon capture demonstration in Rotterdam. Liquidity is ample (~$380M) and operating metrics showed sequential improvement (smaller operating loss, improved adjusted EBITDA). However, material risks remain: the company is still loss-making with negative adjusted EBITDA, backlog declined ~10.8% YoY, gross loss widened due to manufacturing variances, advanced technology revenues fell ~24.6%, and the Torrington production ramp must more than double to hit the 100 MW annualized threshold to reach positive adjusted EBITDA. Overall, progress and strong forward-looking commercial indicators outweigh the near-term financial and execution challenges, but substantial execution is required to convert pipeline into contracted backlog and scale manufacturing to profitability.Company Guidance
Strong Revenue Growth
Total revenue of $30.5M in Q1 FY2026 versus $19.0M in prior-year quarter, an increase of approximately 61% driven primarily by module deliveries to GGE and CGN.
Improved Operating and Non-GAAP Results
Loss from operations improved to $26.3M (versus $32.9M prior year, ~20% improvement). Net loss attributable to common stockholders was $23.7M ($0.49/share) versus $29.1M ($1.42/share) prior year. Adjusted EBITDA improved to negative $17.0M from negative $21.1M.
Robust Liquidity and Financing Activity
Cash, restricted cash and cash equivalents of $379.6M. Equity sales during the quarter generated net proceeds of ~$54.9M (6.4M shares at $8.82 avg); subsequent post-quarter equity sales and a new EXIM debt financing provided additional proceeds (transcript cites ~3.0M shares subsequent and ~ $25M gross EXIM financing).
Meaningful Data Center Pipeline Momentum
Submitted more than 1.5 GW of proposals in Q1 with data centers comprising over 80% of the pipeline. Strategic collaboration with SDCL identifies up to 450 MW of discrete data center and distributed generation opportunities.
Operational Proof Points in South Korea
Servicing the largest fuel cell plant in the world at nearly 60 MW; 58.8 MW operating reliably with long operating history (~10 years average). Product revenue in quarter driven by delivery/commissioning of 4 modules (2 to GGE, 2 to CGN).
Carbon Capture Demonstration Advancement
Shipping two carbon capture modules to ExxonMobil/Esso Rotterdam in April to demonstrate carbonate fuel cells capturing CO2 from an external emission source while simultaneously producing power, usable thermal energy and hydrogen; positions company for commercialization and potential Porthos integration.
Manufacturing Scale Plan and Investment
Torrington facility capacity roadmap: current maximum annualized capacity ~100 MW/year with plan to optimize toward 350 MW within existing footprint. Company plans to invest $20M–$30M in FY2026 supporting automation and scale; pathway to 1 GW+ is demand-driven.
FCEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FCEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 09, 2026 | $7.60 | $7.38 | -2.89% |
Dec 18, 2025 | $7.90 | $9.64 | +22.03% |
Sep 09, 2025 | $4.22 | $5.18 | +22.75% |
Jun 06, 2025 | $5.20 | $6.47 | +24.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fuelcell Energy (FCEL) report earnings?
Fuelcell Energy (FCEL) is schdueled to report earning on Jun 04, 2026, Before Open (Confirmed).
What is Fuelcell Energy (FCEL) earnings time?
Fuelcell Energy (FCEL) earnings time is at Jun 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FCEL EPS forecast?
FCEL EPS forecast for the fiscal quarter 2026 (Q2) is -0.52.
