FuelCell Energy, Inc. (NASDAQ: FCEL) shares rose sharply Tuesday, on reporting financial results for its third quarter ended July 31, 2025.
The Danbury, Conn.-based company reported revenue of $46.7 million, compared to $23.7 million, an increase of approximately 97%
Gross loss of $(5.1) million compared to $(6.2) million, a decrease of approximately 17%
Net loss attributable to common stockholders of $(92.5) million, compared to $(33.5) million, an increase of approximately 176%. Net loss per share attributable to common stockholders was $(3.78) compared with $(1.99), primarily driven by restructuring expenses and non-cash impairment expenses
FuelCell also reported a backlog of $1.24 billion, compared to $1.20 billion, an increase of approximately 4%.
CEO Jason Few was quoted thus, “In our third fiscal quarter, we delivered meaningful revenue growth while advancing execution of our long-term strategy.
“We improved our core carbonate platform by increasing efficiency above 50% and focused on working to expand our opportunities in distributed generation and deepen our sales pipeline by leveraging our large-scale deployments to engage prospective data center customers.
The decisive restructuring actions we implemented in June are already showing results -- lowering costs, sharpening our focus on distributed power generation, and positioning us for investment in technologies and partnerships that can unlock future growth.”
Research and development expenses decreased to $7.6 million during the third quarter of fiscal 2025 compared to $12.8 million in the third quarter of fiscal 2024.
FCEL shares began Tuesday up 50 cents, or 12%, to $4.77..
