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FuelCell Energy Misses Revenue Targets
8 Jun
Summary
- FuelCell Energy's Q1 revenue fell 4.9% year-on-year to $35.59 million.
- The company reported a non-GAAP loss of $0.53 per share, missing estimates.
- Backlog stood at $1.14 billion, a 9.5% decrease year-on-year.
In Q1 CY2026, FuelCell Energy (NASDAQ: FCEL) reported revenue of $35.59 million, marking a 4.9% year-on-year decline and falling short of market expectations. The company's non-GAAP loss per share was $0.53, which was 21.8% below analysts' consensus estimates. The adjusted EBITDA margin showed improvement, standing at -47.9% compared to -51.6% in the prior year's quarter.
Despite the revenue miss, FuelCell Energy's CEO noted strong commercial momentum and disciplined operational execution. The company's backlog at the end of the quarter was $1.14 billion, representing a 9.5% year-on-year decrease. Historically, FuelCell Energy has demonstrated significant growth, with sales increasing at a 21.1% compounded annual growth rate over the last five years.
