Symbols / FCEL $7.11 +0.85%
FCEL Chart
About
FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers, wastewater treatment, commercial and hospitality, and microgrids; and industrial, commercial, municipal, and government customers, including manufacturing facilities, pharmaceutical processing facilities, universities, and healthcare facilities. The company primarily operates in the United States, South Korea, Europe, and Canada. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Electrical Equipment & P | Market Cap | 376.45M |
| Enterprise Value | 296.59M | Income | -185.63M | Sales | 169.70M |
| Book/sh | 13.22 | Cash/sh | 5.88 | Dividend Yield | — |
| Payout | 0.00% | Employees | 424 | IPO | — |
| P/E | — | Forward P/E | -3.85 | PEG | — |
| P/S | 2.22 | P/B | 0.54 | P/C | — |
| EV/EBITDA | -3.94 | EV/Sales | 1.75 | Quick Ratio | 5.98 |
| Current Ratio | 7.96 | Debt/Eq | 21.28 | LT Debt/Eq | — |
| EPS (ttm) | -7.42 | EPS next Y | -1.85 | EPS Growth | — |
| Revenue Growth | 60.70% | Earnings | 2026-06-05 | ROA | -7.70% |
| ROE | -25.19% | ROIC | — | Gross Margin | -15.95% |
| Oper. Margin | -86.11% | Profit Margin | -107.51% | Shs Outstand | 52.95M |
| Shs Float | 52.85M | Short Float | 6.40% | Short Ratio | 1.95 |
| Short Interest | — | 52W High | 11.99 | 52W Low | 3.58 |
| Beta | — | Avg Volume | 2.31M | Volume | 1.53M |
| Target Price | $8.24 | Recom | Hold | Prev Close | $7.05 |
| Price | $7.11 | Change | 0.85% |
Valuation Models
Price estimates from analyst targets and simple models.
Ratings
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-10 | main | Wells Fargo | Underweight → Underweight | $6 |
| 2025-12-19 | main | Canaccord Genuity | Hold → Hold | $12 |
| 2025-09-17 | main | UBS | Neutral → Neutral | $7 |
| 2025-09-15 | main | Canaccord Genuity | Hold → Hold | $12 |
| 2025-06-13 | main | B. Riley Securities | Neutral → Neutral | $8 |
| 2025-03-12 | main | B. Riley Securities | Neutral → Neutral | $9 |
| 2024-12-20 | main | Jefferies | Hold → Hold | $8 |
| 2024-12-20 | main | Canaccord Genuity | Hold → Hold | $12 |
| 2024-12-03 | main | UBS | Neutral → Neutral | $14 |
| 2024-08-06 | main | UBS | Neutral → Neutral | $1 |
| 2024-03-08 | main | Canaccord Genuity | Hold → Hold | $2 |
| 2024-03-08 | main | B. Riley Securities | Neutral → Neutral | $2 |
| 2023-09-13 | main | Canaccord Genuity | Hold → Hold | $2 |
| 2023-09-12 | main | Wells Fargo | Underweight → Underweight | $1 |
| 2022-12-21 | main | B. Riley Securities | — → Neutral | $4 |
| 2022-12-14 | init | UBS | — → Neutral | $4 |
| 2022-06-10 | main | Craig-Hallum | — → Hold | $3 |
| 2022-01-05 | init | Keybanc | — → Sector Weight | — |
| 2021-12-30 | main | B. Riley Securities | — → Neutral | $6 |
| 2021-12-30 | main | Canaccord Genuity | — → Hold | $6 |
- A Look At FuelCell Energy (FCEL) Valuation After Q1 2026 Earnings And Growth Pipeline Updates - simplywall.st hu, 12 Mar 2026 03
- FuelCell Energy Is Burning Cash Faster Than It’s Building Momentum - MarketBeat ue, 10 Mar 2026 22
- FUELCELL ENERGY ($FCEL) Releases Q1 2026 Earnings - Quiver Quantitative Mon, 09 Mar 2026 11
- FuelCell Energy (FCEL) Reports Q1 Loss, Misses Revenue Estimates - Yahoo Finance Mon, 09 Mar 2026 12
- FuelCell Energy, Inc. (FCEL) Stock: Falls 7% After Revenue Miss Despite 60% Sales Surge - CoinCentral Mon, 09 Mar 2026 16
- Why FuelCell Energy (FCEL) shares are sliding today - MSN Mon, 09 Mar 2026 19
- FuelCell Energy Reports Q1 Results, Pivots Toward AI Data Centers - The Globe and Mail ue, 10 Mar 2026 12
- FuelCell Energy: Q1 2026 Earnings Review, My Bearishness Still Holds True (NASDAQ:FCEL) - Seeking Alpha ue, 10 Mar 2026 11
- FuelCell boosts fuel cell efficiency to 50% and recycles 93% of old modules - Stock Titan hu, 19 Feb 2026 08
- Why FuelCell Energy Stock Just Dropped - The Globe and Mail Mon, 09 Mar 2026 17
- Why FuelCell Energy (FCEL) Stock Is Up Today - Yahoo Finance Wed, 21 Jan 2026 08
- FuelCell Energy: Sell On Superior Competition And Persistent Common Shareholder Dilution - Seeking Alpha ue, 10 Mar 2026 02
- Analysts Offer Insights on Industrial Goods Companies: BETA Technologies, Inc. Class A (BETA) and Fuelcell Energy (FCEL) - The Globe and Mail Wed, 11 Mar 2026 11
- FuelCell Energy (FCEL) Stock Trades Up, Here Is Why - Yahoo Finance Fri, 05 Dec 2025 08
- Why FuelCell Energy (FCEL) Stock Is Trading Lower Today - Yahoo Finance Wed, 07 Jan 2026 08
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 11363 | — | — | BISHOP MICHAEL S | Chief Financial Officer | — | 2025-12-30 00:00:00 | D | nan |
| 1 | 6250 | — | — | ACHANTA SHANKAR | Chief Technology Officer | — | 2025-12-30 00:00:00 | D | nan |
| 2 | 29250 | — | — | FEW JASON B | Chief Executive Officer | — | 2025-12-30 00:00:00 | D | nan |
| 3 | 6250 | — | — | DOLGER JOSHUA | General Counsel | — | 2025-12-30 00:00:00 | D | nan |
| 4 | 8608 | — | Sale at price 8.52 per share. | BINGHAM BETSY B | Director | — | 2025-12-22 00:00:00 | D | 73371.0 |
| 5 | 4591 | — | — | BISHOP MICHAEL S | Chief Financial Officer | — | 2025-12-11 00:00:00 | D | nan |
| 6 | 11818 | — | — | FEW JASON B | Chief Executive Officer | — | 2025-12-11 00:00:00 | D | nan |
| 7 | 2525 | — | — | DOLGER JOSHUA | General Counsel | — | 2025-12-11 00:00:00 | D | nan |
| 8 | 2224 | — | — | BISHOP MICHAEL S | Chief Financial Officer | — | 2025-12-05 00:00:00 | D | nan |
| 9 | 9789 | — | — | FEW JASON B | Chief Executive Officer | — | 2025-12-05 00:00:00 | D | nan |
Financials
| Line Item | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -71.12K | -2.56K | 76.69K | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.01 | 0.21 |
| NormalizedEBITDA | -69.34M | -108.31M | -90.19M | -118.75M |
| TotalUnusualItems | -71.12M | -2.56M | 15.34M | 0.00 |
| TotalUnusualItemsExcludingGoodwill | -71.12M | -2.56M | 15.34M | 0.00 |
| NetIncomeFromContinuingOperationNetMinorityInterest | -187.90M | -126.01M | -107.57M | -142.72M |
| ReconciledDepreciation | 40.40M | 36.19M | 25.38M | 21.27M |
| ReconciledCostOfRevenue | 184.57M | 148.05M | 133.93M | 160.06M |
| EBITDA | -140.46M | -110.87M | -74.85M | -118.75M |
| EBIT | -180.86M | -147.06M | -100.23M | -140.02M |
| NetInterestIncome | -2.06M | 4.03M | 8.55M | -3.01M |
| InterestExpense | 10.38M | 9.69M | 7.25M | 6.39M |
| InterestIncome | 8.31M | 13.72M | 15.79M | 3.39M |
| NormalizedIncome | -116.85M | -123.45M | -122.83M | -142.72M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -187.90M | -126.01M | -107.57M | -142.72M |
| TotalExpenses | 279.39M | 268.06M | 259.48M | 274.21M |
| TotalOperatingIncomeAsReported | -192.35M | -158.49M | -136.08M | -143.72M |
| DilutedAverageShares | 16.51M | 13.99M | 12.77M | 11.16M |
| BasicAverageShares | 16.51M | 13.99M | 12.77M | 11.16M |
| DilutedEPS | -7.83 | -7.80 | -11.40 | -9.30 |
| BasicEPS | -7.83 | -7.80 | -11.40 | -9.30 |
| DilutedNIAvailtoComStockholders | -191.10M | -129.21M | -110.77M | -145.92M |
| NetIncomeCommonStockholders | -191.10M | -129.21M | -110.77M | -145.92M |
| OtherunderPreferredStockDividend | 0.00 | |||
| PreferredStockDividends | 3.20M | 3.20M | 3.20M | 3.20M |
| NetIncome | -187.90M | -126.01M | -107.57M | -142.72M |
| MinorityInterests | 3.47M | 30.77M | 488.00K | 4.51M |
| NetIncomeIncludingNoncontrollingInterests | -191.37M | -156.78M | -108.06M | -147.23M |
| NetIncomeContinuousOperations | -191.37M | -156.78M | -108.06M | -147.23M |
| TaxProvision | 137.00K | 25.00K | 581.00K | 819.00K |
| PretaxIncome | -191.24M | -156.75M | -107.47M | -146.41M |
| OtherIncomeExpense | -67.94M | -4.86M | 20.06M | 319.00K |
| OtherNonOperatingIncomeExpenses | 3.18M | -2.29M | 4.72M | 319.00K |
| SpecialIncomeCharges | -71.12M | -2.56M | 15.34M | 0.00 |
| OtherSpecialCharges | -15.34M | 12.09M | ||
| WriteOff | 65.78M | 0.00 | 0.00 | |
| RestructuringAndMergernAcquisition | 5.34M | 2.56M | 0.00 | 0.00 |
| GainOnSaleOfSecurity | -15.97M | |||
| NetNonOperatingInterestIncomeExpense | -2.06M | 4.03M | 8.55M | -3.01M |
| InterestExpenseNonOperating | 10.38M | 9.69M | 7.25M | 6.39M |
| InterestIncomeNonOperating | 8.31M | 13.72M | 15.79M | 3.39M |
| OperatingIncome | -121.23M | -155.93M | -136.08M | -143.72M |
| OperatingExpense | 94.82M | 120.01M | 125.55M | 114.15M |
| ResearchAndDevelopment | 34.08M | 55.40M | 61.02M | 34.53M |
| SellingGeneralAndAdministration | 60.74M | 64.60M | 64.53M | 79.62M |
| GrossProfit | -26.41M | -35.92M | -10.54M | -29.57M |
| CostOfRevenue | 184.57M | 148.05M | 133.93M | 160.06M |
| TotalRevenue | 158.16M | 112.13M | 123.39M | 130.48M |
| OperatingRevenue | 158.16M | 112.13M | 123.39M | 130.48M |
| Line Item | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 44.91K | 12.54K | 8.21K | 4.76K |
| OrdinarySharesNumber | 46.08M | 20.38M | 15.02M | 13.52M |
| ShareIssued | 46.12M | 20.39M | 15.03M | 13.52M |
| TotalDebt | 143.96M | 156.47M | 139.25M | 104.29M |
| TangibleBookValue | 658.29M | 638.07M | 662.34M | 662.94M |
| InvestedCapital | 793.25M | 803.70M | 812.15M | 780.45M |
| WorkingCapital | 381.97M | 370.55M | 410.41M | 494.48M |
| NetTangibleAssets | 718.14M | 697.92M | 722.20M | 722.80M |
| CapitalLeaseObligations | 12.89M | 9.70M | 9.59M | 8.22M |
| CommonStockEquity | 662.18M | 656.92M | 682.49M | 684.39M |
| PreferredStockEquity | 59.86M | 59.86M | 59.86M | 59.86M |
| TotalCapitalization | 837.26M | 847.63M | 861.94M | 827.11M |
| TotalEquityGrossMinorityInterest | 731.14M | 727.47M | 760.30M | 754.38M |
| MinorityInterest | 9.11M | 10.69M | 17.95M | 10.13M |
| StockholdersEquity | 722.04M | 716.78M | 742.35M | 744.25M |
| OtherEquityInterest | 1.41M | 1.20M | 1.08M | 855.00K |
| GainsLossesNotAffectingRetainedEarnings | -1.70M | -1.56M | -1.67M | -1.75M |
| OtherEquityAdjustments | -1.70M | -1.56M | -1.67M | -1.75M |
| TreasuryStock | 1.41M | 1.20M | 1.08M | 855.00K |
| RetainedEarnings | -1.83B | -1.64B | -1.52B | -1.41B |
| AdditionalPaidInCapital | 2.49B | 2.30B | 2.20B | 2.09B |
| CapitalStock | 59.86M | 59.86M | 59.86M | 59.90M |
| CommonStock | 5.00K | 2.00K | 2.00K | 41.00K |
| PreferredStock | 59.86M | 59.86M | 59.86M | 59.86M |
| TotalLiabilitiesNetMinorityInterest | 201.00M | 216.66M | 195.22M | 185.33M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 133.17M | 142.75M | 129.31M | 99.53M |
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| NonCurrentDeferredLiabilities | 5.99M | 3.01M | 732.00K | 9.10M |
| NonCurrentDeferredRevenue | 5.99M | 3.01M | 732.00K | 9.10M |
| LongTermDebtAndCapitalLeaseObligation | 127.18M | 139.74M | 128.58M | 90.44M |
| LongTermCapitalLeaseObligation | 11.95M | 8.89M | 8.99M | 7.58M |
| LongTermDebt | 115.23M | 130.85M | 119.59M | 82.86M |
| CurrentLiabilities | 67.84M | 73.90M | 65.90M | 85.80M |
| CurrentDeferredLiabilities | 2.73M | 4.23M | 2.41M | 16.34M |
| CurrentDeferredRevenue | 2.73M | 4.23M | 2.41M | 16.34M |
| CurrentDebtAndCapitalLeaseObligation | 16.78M | 16.73M | 10.67M | 13.85M |
| CurrentCapitalLeaseObligation | 932.00K | 807.00K | 599.00K | 650.00K |
| CurrentDebt | 15.85M | 15.92M | 10.07M | 13.20M |
| OtherCurrentBorrowings | 15.85M | 15.92M | 10.07M | 13.20M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 2.22M | 2.23M | ||
| PayablesAndAccruedExpenses | 46.11M | 50.71M | 52.83M | 55.61M |
| CurrentAccruedExpenses | 22.12M | 20.38M | 18.49M | 19.87M |
| Payables | 23.99M | 30.33M | 34.34M | 35.74M |
| OtherPayable | 2.52M | 2.52M | 3.96M | |
| TotalTaxPayable | 4.47M | 5.23M | 3.86M | 7.54M |
| AccountsPayable | 17.01M | 22.59M | 26.52M | 28.20M |
| TotalAssets | 932.15M | 944.12M | 955.52M | 939.72M |
| TotalNonCurrentAssets | 482.34M | 499.67M | 479.21M | 359.44M |
| OtherNonCurrentAssets | 153.93M | 99.87M | 102.97M | 39.78M |
| NonCurrentAccountsReceivable | 11.58M | |||
| GoodwillAndOtherIntangibleAssets | 3.89M | 18.85M | 20.15M | 21.45M |
| OtherIntangibleAssets | 3.89M | 14.78M | 16.08M | 17.37M |
| Goodwill | 0.00 | 4.08M | 4.08M | 4.08M |
| NetPPE | 324.51M | 380.94M | 356.09M | 298.21M |
| AccumulatedDepreciation | -208.76M | -181.24M | -154.26M | -132.64M |
| GrossPPE | 533.27M | 562.18M | 510.35M | 430.86M |
| ConstructionInProgress | 38.13M | 68.76M | 124.53M | 134.18M |
| OtherProperties | 317.93M | 316.62M | 222.10M | 161.93M |
| MachineryFurnitureEquipment | 152.87M | 149.69M | 141.76M | 113.01M |
| BuildingsAndImprovements | 23.82M | 26.58M | 21.43M | 21.22M |
| LandAndImprovements | 524.00K | 524.00K | 524.00K | 524.00K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 449.81M | 444.46M | 476.31M | 580.28M |
| OtherCurrentAssets | 15.91M | 12.74M | 12.88M | 10.99M |
| RestrictedCash | 16.60M | 12.16M | 5.16M | 4.42M |
| PrepaidAssets | 9.18M | |||
| Inventory | 86.20M | 113.70M | 84.46M | 90.91M |
| Receivables | 53.01M | 48.60M | 20.11M | 15.90M |
| OtherReceivables | 49.01M | 36.85M | 16.30M | 11.02M |
| AccountsReceivable | 4.00M | 11.75M | 3.81M | 4.88M |
| CashCashEquivalentsAndShortTermInvestments | 278.10M | 257.26M | 353.71M | 458.06M |
| OtherShortTermInvestments | 0.00 | 109.12M | 103.76M | 0.00 |
| CashAndCashEquivalents | 278.10M | 148.13M | 249.95M | 458.06M |
| Line Item | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 |
|---|---|---|---|---|
| FreeCashFlow | -147.83M | -212.46M | -232.61M | -158.82M |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | -21.54M | |
| RepaymentOfDebt | -14.44M | -11.70M | -47.83M | -9.54M |
| IssuanceOfDebt | 0.00 | 23.10M | 100.50M | 0.00 |
| IssuanceOfCapitalStock | 185.69M | 92.56M | 97.44M | 183.55M |
| CapitalExpenditure | -22.54M | -59.55M | -92.36M | -46.65M |
| InterestPaidSupplementalData | 7.25M | 6.80M | 3.09M | 1.56M |
| IncomeTaxPaidSupplementalData | 154.00K | 16.00K | 6.00K | 2.00K |
| EndCashPosition | 341.79M | 208.88M | 299.58M | 481.04M |
| BeginningCashPosition | 208.88M | 299.58M | 481.04M | 460.21M |
| EffectOfExchangeRateChanges | 77.00K | 111.00K | 80.00K | -933.00K |
| ChangesInCash | 132.83M | -90.80M | -181.55M | 21.77M |
| FinancingCashFlow | 169.26M | 122.15M | 151.07M | 180.58M |
| CashFlowFromContinuingFinancingActivities | 169.26M | 122.15M | 151.07M | 180.58M |
| NetOtherFinancingCharges | 1.17M | 21.27M | 4.10M | 9.73M |
| ProceedsFromStockOptionExercised | 51.00K | 120.00K | 56.00K | 47.00K |
| CashDividendsPaid | -3.20M | -3.20M | -3.20M | -3.20M |
| PreferredStockDividendPaid | -3.20M | -3.20M | -3.20M | -3.20M |
| NetPreferredStockIssuance | 0.00 | 0.00 | -21.54M | |
| PreferredStockPayments | 0.00 | 0.00 | -21.54M | |
| NetCommonStockIssuance | 185.69M | 92.56M | 97.44M | 183.55M |
| CommonStockIssuance | 185.69M | 92.56M | 97.44M | 183.55M |
| NetIssuancePaymentsOfDebt | -14.44M | 11.40M | 52.67M | -9.54M |
| NetLongTermDebtIssuance | -14.44M | 11.40M | 52.67M | -9.54M |
| LongTermDebtPayments | -14.44M | -11.70M | -47.83M | -9.54M |
| LongTermDebtIssuance | 0.00 | 23.10M | 100.50M | 0.00 |
| InvestingCashFlow | 88.86M | -60.05M | -192.37M | -46.65M |
| CashFlowFromContinuingInvestingActivities | 88.86M | -60.05M | -192.37M | -46.65M |
| NetOtherInvestingChanges | -66.88M | |||
| NetInvestmentPurchaseAndSale | 111.40M | -496.00K | -100.00M | 0.00 |
| SaleOfInvestment | 772.37M | 835.24M | 199.09M | 0.00 |
| PurchaseOfInvestment | -660.97M | -835.74M | -299.09M | 0.00 |
| CapitalExpenditureReported | -22.54M | -59.55M | -92.36M | -46.65M |
| OperatingCashFlow | -125.29M | -152.91M | -140.25M | -112.17M |
| CashFlowFromContinuingOperatingActivities | -125.29M | -152.91M | -140.25M | -112.17M |
| ChangeInWorkingCapital | -49.79M | -57.85M | -53.01M | -1.51M |
| ChangeInOtherWorkingCapital | 1.48M | 4.10M | -22.30M | -11.28M |
| ChangeInOtherCurrentAssets | -5.88M | -5.40M | -13.09M | -2.09M |
| ChangeInPayablesAndAccruedExpense | -2.88M | 3.69M | -1.46M | 30.95M |
| ChangeInAccruedExpense | -118.00K | 4.69M | -4.46M | 24.62M |
| ChangeInPayable | -2.76M | -999.00K | 3.00M | 6.33M |
| ChangeInAccountPayable | -2.76M | -999.00K | 3.00M | 6.33M |
| ChangeInInventory | 15.87M | -29.25M | 4.69M | -28.06M |
| ChangeInReceivables | -58.39M | -30.98M | -20.84M | 8.97M |
| ChangesInAccountReceivables | 7.75M | -7.94M | 1.08M | 9.20M |
| OtherNonCashItems | 2.61M | 2.56M | 3.94M | 6.92M |
| StockBasedCompensation | 11.09M | 11.76M | 11.95M | 6.79M |
| AssetImpairmentCharge | 65.78M | 1.26M | 2.38M | 1.78M |
| DepreciationAmortizationDepletion | 40.40M | 36.19M | 25.38M | 21.27M |
| DepreciationAndAmortization | 40.40M | 36.19M | 25.38M | 21.27M |
| OperatingGainsLosses | -4.01M | 9.94M | -22.84M | -196.00K |
| GainLossOnInvestmentSecurities | -4.01M | 9.94M | -7.44M | -779.00K |
| NetForeignCurrencyExchangeGainLoss | 0.00 | 0.00 | -57.00K | 583.00K |
| NetIncomeFromContinuingOperations | -191.37M | -156.78M | -108.06M | -147.23M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for FCEL
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|