Recent Updates — FCEL
FuelCell Energy reported third fiscal quarter results ending July 31, 2026, with revenue of $33.0 million and a net loss per share of $(0.64). The company secured its first data center power agreement with Fit Energy for up to 380 MW across four phases and signed a capacity reservation agreement for a 75 MW project in Texas. Committed backlog rose approximately 4% to $1.3 billion, while awarded capacity backlog reached $2.4 billion, bringing total backlog to $3.6 billion. Cash and equivalents totaled $737.3 million following a July public offering that raised $245.5 million. The company is expanding its Torrington, CT manufacturing facility to 500 MW of annualized production capacity by June 2028. FuelCell Energy operates in the clean energy technology sector, designing and delivering fuel cell systems for baseload power generation.
FuelCell Energy, Inc. entered into an underwriting agreement with Citigroup Global Markets Inc. and Barclays Capital Inc. on July 7, 2026, for an underwritten offering of 10,714,286 shares of common stock at $21.00 per share. Underwriters exercised a 30-day option to purchase an additional 1,607,143 shares on July 8, 2026. The company expects to receive approximately $245.4 million in net proceeds to fund manufacturing capacity expansion, working capital, and general corporate purposes. The offering is expected to close on July 9, 2026. FuelCell Energy, Inc. is a clean energy company that develops and manufactures fuel cell power plants.
FuelCell Energy, Inc. entered into a Capital Equipment Purchase Agreement with Fit Energy USA LP to manufacture and deliver carbonate fuel cell block systems for data center applications, totaling up to 380 MW of capacity. In connection with the agreement, the company issued warrants to Fit for the right to purchase up to 12,000,000 shares of common stock at an exercise price of $26.44 per share, with vesting tied to project phase deposits. FuelCell Energy, Inc. manufactures and sells fuel cell power generation systems.
FuelCell Energy, Inc. issued a press release on June 8, 2026, announcing its financial results and business update for the three and six months ended April 30, 2026. The filing includes an investor presentation used during the earnings call.