FuelCell Energy announced an adjusted loss of $0.53 per share for the quarter, which was below analyst projections despite showing year-over-year improvement.
The firm recorded revenue of $35.59 million, falling short of analyst estimates of $40.50 million and decreasing from levels a year earlier.
FuelCell Energy introduced a standardized 12.5 MW FuelCell Energy Block aimed at reducing time-to-power for AI and data center developers, facilitating rapid deployment of power solutions in grid-constrained markets.
The company has initiated work on the expansion of its Torrington, CT manufacturing facility, targeting an annualized production rate of up to 500 MW. The total cost of the expansion is estimated to range from $200 to $275 million and is expected to be completed over the next twenty-four months.
Jason Few, President and CEO, said: “This past quarter reflected strong commercial momentum and disciplined operational execution across the business, including continued progress on our data center strategy.”
