FuelCell Energy (NASDAQ:FCEL) shares rose 3.0% in premarket trading to $16.06, extending a partial recovery following a decline after the company’s fiscal third-quarter 2026 results.
The shares had fallen approximately 17% following the Q3 earnings release, which came in below Wall Street estimates for both revenue and earnings, according to the source.
The latest premarket move also followed recent analyst coverage of the company. Canaccord Genuity issued a Buy rating on FuelCell Energy on September 3, one day after the post-earnings decline.
Data Centre Demand Accounts for Nearly 90% of Sales Pipeline
During FuelCell Energy’s fiscal third-quarter earnings call, management said nearly 90% of the company’s sales pipeline was associated with power demand from data centres.
The source also cited continued investor attention towards alternative power technologies serving AI-related data centre infrastructure. No additional contracts or changes to FuelCell Energy’s financial outlook were identified in the supplied material.
FuelCell Energy’s recent share-price recovery follows the decline recorded after its fiscal third-quarter results.
Broader US Equity Markets Move Higher
The wider US equity market was also higher, with both the S&P 500 and Nasdaq Composite gaining approximately 0.6%, according to the source.
The supplied material attributed FuelCell Energy’s premarket movement to a combination of its recovery from the earlier decline, recent analyst attention and broader market conditions. However, no specific company announcement was identified as the cause of Friday’s 3.0% increase.
FuelCell Energy stock price
