Q1 2026 Fuelcell Energy Inc Earnings Call Transcript
Key Points
- FuelCell Energy Inc (FCEL) reported a 61% increase in total revenues for Q1 2026, driven by module deliveries under long-term service agreements.
- The company is advancing its strategic collaboration with Sustainable Development Capital (SDCL), identifying up to 450 megawatts of data center and distributed generation opportunities globally.
- FuelCell Energy Inc (FCEL) is moving carbon capture from concept to deployment, with a demonstration project at the ExxonMobil Esso refinery in Rotterdam.
- The company is implementing initial phases of its US manufacturing scale-up to meet growing power demand, targeting an increase from 100 megawatts to 350 megawatts of annualized capacity.
- FuelCell Energy Inc (FCEL) maintains a strong liquidity position with cash, restricted cash, and cash equivalents of $379.6 million as of January 31, 2026.
- FuelCell Energy Inc (FCEL) reported a loss from operations of $26.3 million for Q1 2026, despite improvements from the previous year.
- The company's backlog decreased by approximately 10.8% year-over-year, primarily due to revenue recognition over the period.
- Gross loss for the first quarter of fiscal year 2026 totaled $5.9 million, reflecting increased manufacturing variances and lower gross profit from advanced technology contracts.
- Revenue for the quarter was approximately $6 million lower than planned due to the timing of commissioning for two delivered and installed modules.
- The company continues to report negative adjusted EBITDA, with a figure of negative $17 million for Q1 2026.
Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the FuelCell Energy first quarter of fiscal 2026 financial results conference call. (Operator Instructions)
I would now like to turn the call over to Michael Bishop, Chief Financial Officer. Michael? Please go ahead.
Thank you, operator. Good morning, everyone, and thank you for joining us on the call today. This morning, FuelCell Energy released our financial results for the first quarter of fiscal year 2026 and our earnings press release is available on the Investors section of our website at www.fuelcellenergy.com.
In addition to this call and our earnings press release, we have posted a slide presentation on our website. The webcast is being recorded and will be available for replay on our website approximately two hours
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
