FuelCell Energy Q1 revenue up 61% to $30.5M; net loss narrows to $0.49/share

FUELCELL ENERGY INC

2026-Q1 EPS reported -$0.49 revenue$30,531,000

Revenue $30.5M, up 61% YoY from $19.0M; gross loss $(5.9)M vs $(5.2)M.
Net loss per share improved to $(0.49) from $(1.42) (reverse split adjusted).
Adjusted EBITDA loss narrowed to $(17.0)M from $(21.1)M; operating loss down 20%.
Backlog $1.17B (down 10.8%); product revenue surged to $12.0M from $0.1M on module deliveries.
Data center strategy: 1.5+ GW new proposals in Q1; collaboration with SDCL targeting up to 450 MW.

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