Earnings Data
Report Date
Sep 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.38Last Year’s EPS
-3.32Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights meaningful commercial momentum (4 GW pipeline, 2x average proposal size), strategic product and manufacturing moves (12.5 MW block, plan to expand Torrington to 500 MW), strong liquidity (~$441M cash and recent ~$153M equity proceeds), and continued partnership progress (ExxonMobil carbon capture, Korea deliveries). These positives are tempered by a quarter-over-quarter revenue decline (-5%), a sizable non-cash $42.6M impairment tied to the Groton upgrade that drove sharply higher reported losses and elevated operating expenses, and a ~9.5% YoY decline in total backlog. Overall, the narrative emphasizes long-term opportunity and disciplined scaling despite near-term financial impact from the impairment and the timing uncertainty around large transactions.Company Guidance
Pipeline Expansion
Submitted proposals expanded to 4.0 GW, representing >250% increase versus the prior quarter; average proposal size doubled from 65 MW to 130 MW (2x increase); ~89% of pipeline is potential data center customers.
Manufacturing Scale-Up
Planned Torrington annual production capacity increased from 350 MW to 500 MW; full expansion capex range $200–$275 million; ramp planned incrementally (unlocking capacity areas such as tape casting) and to be executed in alignment with contracted backlog and financing.
Strong Liquidity and Financing
Ended quarter with $440.9 million in cash, cash equivalents and restricted cash ($373.2M unrestricted); raised net proceeds of ~$100.4M during quarter (10.9M shares at $9.45) and an additional $52.9M post-quarter (4.1M shares at $13.31), bolstering cash (~$153.3M total recent equity proceeds).
Product Revenue Momentum
Higher product revenues driven by scheduled module deliveries to Gyeonggi Green Energy (GGE) in Korea; remaining 6 GGE modules plus upcoming CGN Yulchon deliveries expected to drive consistent product revenue in H2 FY26.
Adjusted EBITDA Improvement
Non-GAAP adjusted EBITDA improved to negative $17.1M from negative $19.3M year-over-year, a ~12% improvement reflecting cost reductions and operating efficiency gains.
Long-Duration Generation Backlog
Total backlog $1.14 billion with generation backlog of $928.5M that has a weighted average remaining contract term of ~15 years, highlighting long-lived contracted revenue streams.
Commercial Product Introduction
Introduced standardized 12.5 MW FuelCell Energy Block (modular scale-up from 1.25 MW base blocks) to accelerate time-to-power and improve economics for data center deployments.
Strategic Partnerships and Technology Proof Points
Progressing carbon capture commercialization with two carbon capture modules en route to ExxonMobil's Rotterdam facility (expected delivery in June); ongoing module deliveries to GGE and MOU progress with Inuverse for AI Daegu data center in South Korea.
Debt-Light Balance Sheet
Company remains essentially debt-free apart from project-specific financings and has no near-term debt maturities, supporting disciplined growth execution.
Clear Profitability Target
Company reiterates target of adjusted EBITDA positivity once consistent production volumes reach ~100 MW annualized, and expects to realize operating leverage rather than material OpEx increases as scaling occurs.
IT:1FEY2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IT:1FEY2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 08, 2026 | €15.69 | €14.20 | -9.53% |
Mar 09, 2026 | €6.81 | €6.09 | -10.47% |
Dec 18, 2025 | €7.02 | €8.98 | +27.96% |
Sep 09, 2025 | €3.50 | €4.41 | +25.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fuelcell Energy (IT:1FEY2) report earnings?
Fuelcell Energy (IT:1FEY2) is schdueled to report earning on Sep 15, 2026, Before Open (Confirmed).
What is Fuelcell Energy (IT:1FEY2) earnings time?
Fuelcell Energy (IT:1FEY2) earnings time is at Sep 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Fuelcell Energy stock?
The P/E ratio of Fuelcell Energy is N/A.
What is IT:1FEY2 EPS forecast?
IT:1FEY2 EPS forecast for the fiscal quarter 2026 (Q3) is -0.38.
