FuelCell Energy Q1 revenue rises on South Korea service agreements

FuelCell Energy

09/03/2026 11:45

Overview

Clean energy firm's fiscal Q1 revenue grew 61% yr/yr but missed analyst expectations

Adjusted loss per share for fiscal Q1 beat analyst expectations

Negative adjusted EBITDA for fiscal Q1 missed analyst expectations

Outlook

FuelCell Energy targets up to 450 MW of projects with SDCL collaboration

Company aims to convert robust pipeline into definitive agreements

FuelCell Energy highlights integrated carbon-capture pathway for AI demands

Result Drivers

PRODUCT REVENUE GROWTH - Significant increase in product revenues driven by long-term service agreements with South Korean companies GGE and CGN

DECREASED OPERATING EXPENSES - Operating expenses fell due to reduced R&D and administrative costs following restructuring actions

Company press release: ID:nGNX1NyQD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$30.53 mln
$42.22 mln (7 Analysts)
Q1 Adjusted EPS
Beat
-$0.52
-$0.65 (4 Analysts)
Q1 EPS
-$0.49
Q1 Net Income
-$26.05 mln
Q1 Adjusted EBITDA
Miss
-$17.03 mln
-$9.27 mln (6 Analysts)
Q1 EBIT
-$26.29 mln
Q1 EBITDA
-$15.77 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 $8.50, about 11.8% above its March 6 closing price of $7.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)