FuelCell Energy Q3 revenue misses estimates on lower generation output
FCEL•Outlook
- Company expects to begin delivery of 30 MW to Fit Energy in Q4 2026
- FuelCell Energy targets 100 MW annualized production rate in October 2026
- Company aims for positive Adjusted EBITDA in Q4 fiscal 2027, subject to backlog conversion and cost reductions
Overview
- US clean energy tech firm's Q3 revenue fell 29% yr/yr, missing analyst expectations
- Adjusted EBITDA loss for Q3 widened and missed analyst expectations
- Company attributed revenue drop to fewer Korea deliveries and lower generation output
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Revenue | Miss | $33.001 mln | $38.83 mln (8 Analysts) |
| Q3 Loss Per Share | $0.64 | ||
| Q3 Net Loss | $45.28 mln | ||
| Q3 Adjusted EBITDA | Miss | -$36.74 mln | -$11.71 mln (8 Analysts) |
| Q3 EBIT | -$46.66 mln | ||
| Q3 EBITDA | -$37.27 mln |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell". The average consensus recommendation for the renewable energy equipment & services peer group is "buy." Wall Street's median 12-month price target for FuelCell Energy Inc is $25.50, about 49.3% above its September 1 closing price of $17.08.
