Fuelcell Energy Inc
NASDAQ:FCEL

Watchlist Manager
Fuelcell Energy Inc Logo
Fuelcell Energy Inc
NASDAQ:FCEL
Watchlist
Price: 8.17 USD 11.76% Market Closed
Market Cap: 389.5m USD

Fuelcell Energy Inc
Investor Relations

FuelCell Energy, Inc. engages in the development, design, production, construction and servicing of high temperature fuel cells for clean electric power generation. The company is headquartered in Danbury, Connecticut and currently employs 382 full-time employees. The firm serves customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. The firm offers sub-megawatt solutions for smaller power consumers in Europe. Its customer base includes utility companies, municipalities, universities, hospitals, government entities/military bases and a variety of industrial and commercial enterprises. Projects for utility companies are known as front of the meter (FTM) and projects for all non-utility customers are known as behind the meter (BTM). The company operates in various markets, including the United States and South Korea. Its multi-featured platforms can be configured to provide a number of value streams, including electricity, usable heat, water and hydrogen, and to concentrate and separate CO2 from industrial applications using fossil fuels.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Dec 18, 2025
AI Summary
Q4 2025

Revenue Growth: FuelCell Energy reported Q4 revenue of $55 million, up 12% year-over-year, and full-year revenue of $158.2 million, up 41%, driven largely by activity in Korea.

Losses Narrowed: Net loss and adjusted EBITDA both improved year-over-year in Q4 and for the full year, reflecting restructuring and cost-cutting efforts.

Manufacturing Expansion: The company is increasing output at its Torrington facility and sees a path to 100 MW annual production without new capital; a further scale to 350 MW could be achieved within 18 months with modest investment.

Data Center Opportunity: Management sees strong momentum and expects data center projects to contribute to 2026 growth, with hundreds of MW in proposals across the U.S. and Asia.

Strong Balance Sheet: Ended the year with $341.8 million in cash and announced $25 million in new debt financing from EXIM to support international projects.

Korean Market Strength: Over 100 MW of projects in Korea are in backlog, and additional MOUs signal continued leadership in this market.

Guidance: Management expects to achieve positive adjusted EBITDA once 100 MW annualized production is reached, with focus on disciplined execution and margin expansion in 2026.

Key Financials
Revenue
$55 million
Revenue
$158.2 million
Loss from Operations
$28.3 million
Loss from Operations
$192.3 million
Net Loss Attributable to Common Stockholders
$30.7 million
Net Loss Attributable to Common Stockholders
$191.1 million
Net Loss per Share Attributable to Common Stockholders
$0.85
Net Loss per Share Attributable to Common Stockholders
$7.42
Adjusted Net Loss Attributable to Common Stockholders
$4.41
Adjusted EBITDA
-$17.7 million
Adjusted EBITDA
-$74.4 million
Backlog
$1.19 billion
Cash, Restricted Cash and Cash Equivalents
$341.8 million
Product Revenues
$30 million
Service Agreement Revenues
$7.3 million
Generation Revenues
$12.2 million
Advanced Technology Contract Revenues
$5.5 million
Other Earnings Calls

Management

Mr. Jason B. Few
President, CEO & Director
No Bio Available
Mr. Michael S. Bishop CPA
Executive VP, CFO & Treasurer
No Bio Available
Mr. Joshua Dolger
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Michael J. Lisowski
Executive VP of Strategic Partnerships
No Bio Available
Mr. Mark Feasel
Executive VP & Chief Commercial Officer
No Bio Available
Mr. Anthony J. Leo
Executive VP & CTO
No Bio Available
Mr. Thomas Gelston
Senior Vice President of Finance & Investor Relations
No Bio Available
Ms. Betsy Schaefer
Chief Marketing & Sustainability Officer
No Bio Available
Mr. - Parimal
Chief Strategy & Corporate Development Officer
No Bio Available
Ms. Karen Farrell
Senior VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
CONNECTICUT
Danbury
3 Great Pasture Rd
Contacts