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FuelCell Energy reported a wider fiscal Q2 loss after a $42.6 million non-cash impairment tied to its Groton Navy project, even as adjusted EBITDA improved year over year. Revenue fell 5% to $35.6 million, with weaker service and generation revenue partly offset by higher product and advanced technology revenue.
Management highlighted a rapidly expanding sales pipeline, which grew to 4 gigawatts and is now about 89% tied to data center opportunities. The company also introduced a new 12.5-megawatt modular fuel cell product aimed at AI and grid-constrained customers.
FuelCell Energy raised its planned Torrington manufacturing expansion to 500 megawatts annually from 350 megawatts, with an estimated cost of $200 million to $275 million. The company ended the quarter with $440.9 million in cash and said it remains essentially debt-free, while continuing to finance growth through project and equity options.
MarketBeat Week in Review – 03/09 - 03/13
FuelCell Energy reported a wider fiscal Q2 loss after a $42.6 million non-cash impairment tied to its Groton Navy project, even as adjusted EBITDA improved year over year. Revenue fell 5% to $35.6 million, with weaker service and generation revenue partly offset by higher product and advanced technology revenue.
Management highlighted a rapidly expanding sales pipeline, which grew to 4 gigawatts and is now about 89% tied to data center opportunities. The company also introduced a new 12.5-megawatt modular fuel cell product aimed at AI and grid-constrained customers.
FuelCell Energy raised its planned Torrington manufacturing expansion to 500 megawatts annually from 350 megawatts, with an estimated cost of $200 million to $275 million. The company ended the quarter with $440.9 million in cash and said it remains essentially debt-free, while continuing to finance growth through project and equity options.
MarketBeat Week in Review – 03/09 - 03/13
5 months ago
