FuelCell Energy (NASDAQ:FCEL) shares fell 9.3% in premarket trading after the company reported fiscal third-quarter 2026 revenue and earnings per share below analyst expectations.
Revenue declined 29% year over year to $33.0 million from $46.7 million in the corresponding period a year earlier. The reported figure compared with an analyst consensus estimate of approximately $40 million.
FuelCell Energy reported a loss of $0.64 per share, compared with an anticipated loss of $0.40 per share.
The company’s shares were trading at $15.49 in the premarket session.
Gross Loss Widens to $24.5 Million
FuelCell Energy reported a gross loss of $24.5 million for the quarter, compared with a gross loss of $5.1 million a year earlier.
The company recorded $17.0 million in charges related to product costs that exceeded contractual pricing under the Fit Energy agreement, according to the supplied information.
Generation revenue was also affected by the temporary shutdown of the Groton facility for an equipment upgrade.
These factors were among the items affecting the company’s quarterly financial performance.
FuelCell Energy Announces 75 MW Texas Data Centre Agreement
Alongside its quarterly results, FuelCell Energy announced its first Capacity Reservation Agreement with a major data centre operator for a planned 75 MW project in Texas.
The company’s committed backlog increased to $1.3 billion.
The agreement and backlog provide information about contracted or potential future business but do not by themselves establish the timing or amount of future revenue recognition.
FuelCell Energy Falls as Broader Market Trades Near Flat
FuelCell Energy’s premarket decline came as broader U.S. equity benchmarks showed comparatively smaller moves.
The Nasdaq was down 0.3%, while the S&P 500 was approximately unchanged, according to the supplied market data.
Fuel cell companies Bloom Energy and Plug Power were also trading lower, although the supplied information indicates that their declines were smaller than FuelCell Energy’s.
The difference in performance does not establish the extent to which company-specific results or broader sector conditions contributed to the individual share-price moves.
FuelCell Energy Trades Below 52-Week High
At its premarket price of $15.49, FuelCell Energy remained below its supplied 52-week high of $37.88.
The 9.3% decline followed quarterly revenue and earnings that were below analyst estimates, alongside a wider gross loss. However, the extent to which individual elements of the results contributed to the share-price movement cannot be established from the supplied information.
Future financial performance related to FuelCell Energy’s backlog and data centre projects will depend on project execution, revenue recognition and other business and market conditions.
FuelCell Energy stock price
