FuelCell (FCEL) Q2 2025 Earnings Call Transcript
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FuelCell (NASDAQ:FCEL) management introduced a sweeping restructuring, shifting resources to its carbonate platform, scaling back solid oxide R&D, and pausing broader development efforts. The Dedicated Power Partners initiative marks a major new partnership targeting growth in the large-scale data center segment by integrating fuel supply, power generation, and financing solutions. The company posted substantially increased total and service revenues, while maintaining a strong liquidity position with $240 million in cash and investments. New long-term service and power purchase agreements contributed to a rapidly rising backlog, now at $1.26 billion. Guidance indicates that reaching 100 megawatts of annualized output at Torrington is required for positive adjusted EBITDA (non-GAAP), but near-term production will decline as output is aligned with demand orders.
Source Fool.com
