What Happened?
Shares of carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL) jumped 34.4% in the morning session after the company reported third-quarter 2025 results that topped analyst expectations for revenue and earnings.
The clean energy firm announced quarterly revenue of $55.02 million, an 11.5% increase from the prior year, which surpassed Wall Street's estimates by over 25%. FuelCell also significantly reduced its adjusted loss per share to $0.83, a notable improvement from a loss of $1.99 in the same period last year and better than the consensus forecast. The company ended the quarter with a backlog of $1.19 billion, providing some visibility into future revenue. The strong top-line beat and improved profitability prompted a positive reaction from investors.
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What Is The Market Telling Us
FuelCell Energy’s shares are extremely volatile and have had 90 moves greater than 5% over the last year. But moves this big are rare even for FuelCell Energy and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 13 days ago when the stock gained 7.7% on the news that the stock continued a recent upward trend, with the move appearing to be driven by technical factors.
This marked the third consecutive day of gains for the company's shares. On the previous trading day, the stock price had already gained more than 12%. The sustained momentum suggested positive short-term signals created a buying opportunity for investors, extending the stock's recent run.
FuelCell Energy is up 4% since the beginning of the year, but at $10.79 per share, it is still trading 17.5% below its 52-week high of $13.07 from January 2025. Investors who bought $1,000 worth of FuelCell Energy’s shares 5 years ago would now be looking at an investment worth $38.67.
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