FuelCell Energy, Inc. (NASDAQ:FCEL) stock slipped after the company reported third-quarter fiscal 2025 revenue of $46.7 million, up 97% from $23.7 million a year earlier but below analyst expectations of $48.3 million. However, it has since reversed those losses and is now trading higher by over 12%.
The company posted an adjusted net loss per share of 95 cents, beating the analyst estimate of a $1.44 loss. Net loss attributable to common stockholders widened to $92.5 million from $33.5 million a year earlier, with GAAP net loss per share at $3.78 versus $1.99 loss.
Product revenue surged to $26.0 million from $0.3 million, driven by $24.0 million from Gyeonggi Green Energy’s (GGE) 58.8 MW platform in Korea and $2.0 million from Ameresco. Service revenue rose to $3.1 million from $1.4 million on higher GGE platform activity.