FuelCell Energy (NASDAQ: FCEL) reports Q2 loss and major Groton project impairment
FuelCell Energy (FCEL) reported a larger Q2 2026 net loss of $78.7 million, up from $38.8 million in Q2 2025, primarily due to a substantial $42.6 million impairment charge related to its Groton Project. The company plans to upgrade the Groton facility due to performance issues. Despite ongoing operating losses, FuelCell Energy's unrestricted cash and cash equivalents increased to $373.2 million, largely supported by $155.3 million in net proceeds from at-the-market stock sales.
https://www.stocktitan.net/sec-filings/FCEL/10-q-fuelcell-energy-inc-quarterly-earnings-report-4819b3b1d2e5.html