FuelCell Energy(US:FCEL)2025-09-09 14:00Business Strategy & Outlook - FuelCell Energy is focusing on its core carbonate platform to capitalize on baseload power demand and accelerate the path to profitability[9] - The company aims to reduce operating expenses by 30% on an annualized basis compared to fiscal year 2024, with a goal of achieving positive Adjusted EBITDA[17] - FuelCell Energy plans to leverage the 22-year track record in delivering baseload power to meet large-scale data center and industrial opportunities[12] Commercial Performance & Partnerships - FuelCell Energy delivered eight modules to GGE in Q3 of Fiscal Year 2025 and expects initial deliveries to CGN in Calendar Year 2025[17] - The company has a backlog of projects in South Korea, including a 58 MW project with Gyeonggi Green Energy (GGE), a 10 MW project with CGN-Yulchon Generation Co, Ltd (CGN), a 20 MW project with Noeul Green Energy (NGE), and a 20 MW project with Korea Southern Power Company (KOSPO)[19] - FuelCell Energy has a scalable supply chain with 90% U S -based suppliers and expects to ship 100 MW orders within 24 months[26] Financial Results - Total revenue for Q3 2025 was $46 7 million, compared to $23 7 million in Q3 2024[28] - The net loss attributable to common stockholders was $(92 5) million, or $(3 78) per share, compared to $(33 5) million, or $(1 99) per share in Q3 2024[28] - As of July 31, 2025, FuelCell Energy had approximately $237 million in total cash and cash equivalents[17]