Article

FuelCell Energy Inc. reported third-quarter revenue of $46.7 million, a 97% increase from the previous year, despite a net loss of $92.5 million. The results reflect restructuring efforts and an improved sales pipeline, particularly in the growing data center market.

Although product revenues surged, operating expenses rose significantly due to non-cash impairments and restructuring costs. The company is focusing on its carbonate platform to capitalize on the rising demand for energy solutions while maintaining a backlog of $1.24 billion.