From Lagging to Leading: FuelCell Energy’s Strategic Pivot

Backlog: The total backlog stood at $1.19 billion as of October. 31, 2025, providing clear visibility into revenue.Adjusted EBITDA: This metric, which gauges operating profitability by removing non-cash expenses, improved to negative $17.7 million, up from negative $25.3 million previously.Net Loss: Narrowed to $29.3 million, or 85 cents per share, a marked improvement from the $39.6 million loss recorded in the fourth quarter of 2024.Beyond top-line growth, the company showed discipline on the bottom line. ...