FuelCell Energy Inc is trading 12% down at $15.25 after reporting a weaker-than-expected second quarter and a much wider loss tied to an impairment at its Groton Project.
- Investors are focused on a 5% revenue decline and a substantially larger operating loss, which overshadowed the company's $1.14 billion backlog.
- Despite the financial miss, the company highlighted a 267% jump in its 4 GW data center-focused sales pipeline.