FuelCell Energy Drops After Bigger Loss, Despite First 75 MW Data Center Reservation
FuelCell Energy reported Q3 revenue of $33 million, down 29% from $46.7 million, missing the $40 million consensus. The company posted a $0.64 loss per share versus a $0.40 loss expected and widened gross loss to $24.5 million. Production ran at a 37.1 MW annualized rate. After quarter end, it signed a first 75 MW Texas data center capacity reservation with an upfront payment.