FuelCell Energy shares fell 13% to $14.90 in early trading Wednesday after the company reported a wider-than-expected fiscal Q3 2026 loss, overshadowing its first data center reservation deal. The company posted a loss of $0.64 per share versus an expected $0.40 loss, with revenue down 29% to $33 million, missing the $40 million consensus. A $17 million charge tied to product costs and purchase commitments under its Fit Energy agreement widened the gross loss to $24.5 million from $5.1 million a year earlier. Despite the setback, FuelCell Energy announced its first Capacity Reservation Agreement for a planned 75 MW data center project in Texas, part of its $3.6 billion total Committed and Awarded Capacity Backlog. The company also delivered its first carbonate fuel cell carbon capture modules to Exxon Mobil at its Rotterdam complex. Meanwhile, Bloom Energy slipped 2% to $209.98, Plug Power edged down 0.6% to $2.08, and the Global X Hydrogen ETF held flat at $42.06. FuelCell Energy's shares outstanding have surged from 46 million to 80 million since October 2025, and it does not target positive adjusted EBITDA until the fourth quarter of fiscal 2027.
FuelCell Energy IncWider-than-expected loss and revenue miss overshadowed data center deal.
Exxon Mobil CorpReceived first carbonate fuel cell carbon capture modules from FuelCell Energy.
Bloom Energy Corp
Plug Power Inc