FuelCell Energy, Inc. (NASDAQ:FCEL) announced Monday its first-quarter fiscal 2026 results, reporting strong revenue growth. The company, however, continued to post losses as it invests in scaling its fuel cell platform and expanding commercial opportunities.
Shares fell after the release as revenue missed expectations despite strong growth.
FuelCell, Revenue And Earnings
Revenue rose 61% year over year to $30.5 million from $19 million but missed analyst estimates of $42.222 million. Adjusted loss per share was 52 cents, beating estimates of 65 cents.
GAAP net loss attributable to common stockholders was $23.7 million, or 49 cents per share, compared with $1.42 per share a year earlier.
Gross loss totaled $5.9 million versus $5.2 million in the prior-year quarter. Loss from operations improved to $26.3 million from $32.9 million. Adjusted EBITDA was $17 million compared with $21.1 million a year earlier.
Segment Performance
Product revenue increased to $12 million from $100,000. The …