FuelCell Energy

Q3 FY2026 EarningsQ3 FY26 results missed consensus on the top and bottom lines, with revenue of $33.0M vs. $38.8M expected and a GAAP EPS loss of -$0.64 vs. -$0.41 expected. Despite the revenue decline of 29% YoY, the company signed its first data center capacity agreement and grew its total backlog to $3.6B, driven by a $2.4B award from Fit Energy. Management maintained its expansion goal for the Torrington facility to 500 MW by 2028, targeting positive Adjusted EBITDA by Q4 FY27.