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Fuelcell Energy Inc
XETRA:FEY

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Fuelcell Energy Inc
XETRA:FEY
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Price: 3.62 EUR 0.56% Market Closed
Market Cap: €74m

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.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Mar 9, 2026
AI Summary
Q1 2026

Revenue: Q1 revenue $30.5 million, up ~61% year-over-year driven by module deliveries to GGE and CGN.

Profitability: Loss from operations improved to $26.3 million (Q1 FY25: $32.9M); adjusted EBITDA improved to negative $17.0 million (Q1 FY25: negative $21.1M).

Liquidity: Strong cash position of $379.6 million; raised ~ $54.9 million from ATM sales during the quarter and closed ~$25 million of Ex-Im Bank financing.

Demand momentum: Submitted >1.5 gigawatts of proposals in Q1 with data centers now >80% of pipeline; SDCL collaboration targets up to 450 megawatts of opportunities.

Manufacturing & scale: Torrington run rate ~40–41 MW currently; target positive adjusted EBITDA at a 100 MW annualized production rate and plans to invest $20–30 million in FY26 toward capacity expansion.

Carbon capture: Shipping two carbon capture modules to ExxonMobil’s Rotterdam site in April to demonstrate point-source CO2 capture while producing power, heat and hydrogen; this is positioned as a commercialization catalyst.

Backlog & timing: Backlog $1.17 billion, down ~10.8% YoY largely from revenue recognition; revenue was ~$6 million lower than planned due to two modules commissioning days after quarter end.

Key Financials
Total revenue
$30.5 million
Product revenue
$12 million
Service agreement revenue
$3.2 million
Generation revenue
$11 million
Advanced technology contract revenue
$4.3 million
Gross loss
$5.9 million
Loss from operations
$26.3 million
Net loss attributable to common stockholders
$23.7 million
Net loss per share
$0.41 per share
Net loss (total)
$26.1 million
Adjusted EBITDA
negative $17.0 million
Backlog
$1.17 billion
Cash, restricted cash and cash equivalents
$379.6 million
Shares sold (ATM) - Q1 proceeds
approximately 6.4 million shares at an average price of $8.82, net proceeds of approximately $54.9 million
Subsequent share sale
300,000 shares at an average price of $7.67, net proceeds of approximately $2.5 million
Debt financing proceeds
approximately $25 million gross proceeds from Export-Import Bank financing
Planned manufacturing investment (FY26)
$20 million to $30 million
Current Torrington run rate
approximately 40–41 megawatts (annualized run rate)
Proposals submitted (Q1)
more than 1.5 gigawatts of proposals
SDCL identified opportunities
up to 450 megawatts
Revenue recognized related to ExxonMobil/Esso
$1.7 million (EMTEC JDA) and $1.9 million (Esso Netherlands purchase order)
Earnings Call Recording
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
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