FCEL lands $2.6B data-center deal but gross loss widens; revenue falls 29.4%

Filed September 2, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 9, 2025 · ~1 min read

Key Changes

• high

  New $2.6B agreement to supply fuel cell systems for data centers, with initial 30 MW phase and options up to 380 MW.

  MD&A: New data-center supply agreement verify on EDGAR →
• high

  Gross loss widened to $24.5M from $5.1M, driven by inventory and purchase commitment charges tied to the new contract.

  MD&A: Gross loss verify on EDGAR →
• high

  Groton project offline for equipment upgrade; covenant waivers obtained for potential debt-service defaults.

  MD&A: Groton project verify on EDGAR →