FuelCell Energy's Q3 revenue misses estimates

FuelCell Energy

09/09/2025 12:42

Overview

FuelCell Energy Q3 revenue up 97% yr/yr, missing analyst expectations

Adjusted EPS beats analyst expectations, reflecting operational improvements

Company's backlog increased 4% to $1.24 bln, driven by new agreements

Outlook

FuelCell Energy focuses on scaling carbonate technologies for future growth

Company sees opportunities in surging power demand from data centers

FuelCell Energy aims to lower costs and sharpen focus on core technologies

Company positions for growth with distributed power generation momentum

Result Drivers

PRODUCT REVENUE INCREASE - Product revenues surged to $26 mln from $0.3 mln, driven by $24 mln in revenue from a long-term service agreement with Gyeonggi Green Energy Co., Ltd. for fuel cell modules in Korea

SERVICE AGREEMENTS - Service agreements revenue rose to $3.1 mln, primarily due to the long-term service agreement with GGE for services provided to its fuel cell power plant in Korea

GENERATION REVENUE DECLINE - Generation revenues fell to $12.4 mln from $13.4 mln, attributed to lower output from plants in the generation operating portfolio due to routine maintenance activities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$46.74 mln
$48.30 mln (7 Analysts)
Q3 Adjusted EPS
Beat
-$0.95
-$1.4 (6 Analysts)
Q3 Net Income
-$91.90 mln
Q3 Adjusted EBITDA
Miss
-$16.38 mln
-$14.80 mln (7 Analysts)
Q3 EBIT
-$95.36 mln
Q3 EBITDA
-$85.62 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

Wall Street's median 12-month price target for Fuelcell Energy Inc is $7.40, about 43% above its September 8 closing price of $4.22

Press Release: ID:nGNX78xssm

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)