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FuelCell Energy 10-Q: Revenue $30.5M; EPS $(0.49)
- FuelCell Energy reports Q2 revenue of $30.531 million, up 61% year over year, driven by Korean module deliveries.
- Net loss narrows to $(26.051) million from $(32.386) million in the prior-year quarter.
- Long-term service agreements and Korea shipments boosted revenue mix and geography.
- Manufacturing output rose to an annualized rate of 32.6 MW.
- Generation portfolio stands at 62.8 MW with two projects in development.
- R&D focus remains on solid oxide electrolysis and carbonate tech for distributed hydrogen and carbon capture.
- Two 2027 commercial operation dates anticipated under new PPAs with Hartford and UConn.
- Net loss per share diluted at $(0.49) for the quarter.
- Overall gross loss narrowed slightly year over year to $(5.857) million.
- The company continues commissioning replacement modules for GGE and CGN projects.
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