FuelCell Energy Inc

Latest Results (03.10.2025):

FuelCell Energy Inc reported its third quarter of fiscal 2025 financial results, showcasing significant revenue growth while navigating increased operational losses. The company achieved a nearly 97% increase in revenue compared to the same period last year, driven by expanded service agreements and product sales. However, net losses widened due to higher operational expenses related to restructuring and impairment charges.

Revenue Growth

FuelCell Energy Inc reported total revenues of $46.7 million for the third quarter of fiscal 2025, marking a 97% increase from $23.7 million in the third quarter of fiscal 2024. This growth was primarily driven by a substantial increase in product revenues, rising to $26.0 million from $0.3 million year-over-year, largely due to long-term service agreements and sales contracts.

Operational Losses

The company experienced a net loss attributable to common stockholders of $(92.5) million, a 176% increase compared to $(33.5) million in the third quarter of fiscal 2024. The rise in net loss per share to $(3.78) from $(1.99) was mainly due to restructuring expenses and non-cash impairment charges totaling $64.5 million.

Cost Management

FuelCell Energy Inc implemented restructuring actions in June 2025, which have begun to lower costs and enhance focus on distributed power generation. Despite these efforts, operating expenses surged to $95.4 million from $33.6 million year-over-year, primarily due to non-cash impairment and restructuring costs.

Backlog and Future Growth

The company's backlog increased to $1.24 billion from $1.20 billion, indicating a steady demand for its products and services. FuelCell Energy Inc remains optimistic about opportunities in the distributed generation sector and aims to leverage its core carbonate technologies to support future growth and profitability.