Sep. 11 at 5:14 PM
$FCEL is still a story about execution, not just demand. On Sept. 2, FuelCell Energy disclosed its first Capacity Reservation Agreement for a planned 75 MW Texas data-center project, backed by an upfront reservation payment.
That gives the data-center thesis more substance, but Q3 also showed the problem: revenue fell 29% year over year to
$33.0M and gross loss widened to
$24.5M. Committed backlog reached
$1.3B. I’m watching whether these reservations convert into firm projects and whether margins start moving in the right direction.
The
$XOM carbon-capture program remains another credible commercial angle.
Not financial advice. Do your own research.
