FuelCell Energy, Inc. FCEL R3K
Company Overview
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.
Why Investors Should Care
Carries low leverage with a debt-to-equity ratio of 0.16.
Recent Developments
- Oct 2025 Revenue of $158.16M (+41.0% YoY); net profit $-187.90M.
- Trailing 12 Months Year-on-year growth — revenue -29.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 3.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 3.73% |
| 1 Year: | -29.40% |
Stock Price Performance
| 1 Year: | +316.90% |
| 6 Months: | +140.65% |
| 3 Months: | +14.58% |
| 1 Month: | -13.07% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)46.83 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 50.7% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FCEL FuelCell Energy, Inc. R3K | 17.76 | -6.43 | $1.42B | 0.00% | -22.25% | -21.38% | 3.73% | - |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Apr 2015 | Jul 2015 | Oct 2015 | Jan 2016 | Apr 2016 | Jul 2016 | Oct 2016 | Jan 2017 | Apr 2017 | Jul 2017 | Oct 2017 | Jan 2018 | Apr 2018 | Jul 2018 | Oct 2018 | Jan 2019 | Apr 2019 | Jul 2019 | Oct 2019 | Jan 2020 | Apr 2020 | Jul 2020 | Oct 2020 | Jan 2021 | Apr 2021 | Jul 2021 | Jan 2022 | Apr 2022 | Jul 2022 | Jan 2023 | Apr 2023 | Jul 2023 | Jan 2024 | Apr 2024 | Jul 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Jan 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 38.61M | 20.83M | 12.11M | 17.88M | 17.78M | 9.22M | 22.71M | 11.04M | 16.26M | 18.88M | 18.73M | 17.00M | 14.88M | 13.95M | 26.82M | 31.80M | 16.38M | 43.10M | 37.07M | 38.35M | 25.51M | 16.69M | 22.42M | 23.70M | 19.00M | 37.41M | 46.74M | 30.53M | 35.59M |
| Gross Profit | 2.02M | 3.60M | 3.14M | -166.00K | -157.00K | 434.00K | -468.00K | 1.81M | 383.00K | -2.63M | 3.16M | 4.63M | -629.00K | -2.06M | 1.14M | -2.21M | -3.64M | 7.96M | -23.39M | 3.28M | 167.00K | -3.13M | -8.04M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -8.79M | -7.10M | -7.87M | -11.52M | -12.71M | -10.32M | -11.80M | -10.93M | -11.50M | -14.33M | -8.18M | -5.55M | -12.73M | -14.47M | -11.87M | -15.24M | -17.62M | -1.07M | -32.99M | -3.14M | -8.14M | -10.76M | -17.12M | -14.37M | -17.39M | -10.59M | -44.84M | -28.22M | -28.00M | -22.45M | -35.86M | -41.40M | -42.48M | -41.36M | -33.62M | -32.85M | -35.81M | -95.36M | -26.29M | -77.91M |
| Net Income | -9.89M | -6.54M | - | -11.71M | -15.37M | -11.01M | - | -13.69M | -13.24M | -17.00M | - | -4.18M | -13.17M | -15.88M | -14.10M | -17.55M | -19.53M | -5.31M | -35.18M | -40.15M | -14.77M | -15.33M | -18.86M | -45.96M | -18.92M | -12.00M | -40.62M | -30.22M | -29.41M | -18.62M | -34.30M | -24.28M | -19.79M | -32.14M | -32.66M | -28.33M | -38.05M | -91.66M | -22.86M | -77.91M |
| Diluted EPS | -0.44 | -0.29 | - | -0.48 | -0.56 | -0.38 | - | -0.39 | -0.33 | -0.31 | - | -0.12 | -2.74 | -2.45 | - | -3.97 | -2.06 | -0.18 | - | -0.20 | -0.07 | -0.07 | - | -0.15 | -0.06 | -0.04 | -0.11 | -0.08 | -0.08 | -0.05 | -0.09 | -0.06 | -1.37 | -2.18 | -1.99 | -1.42 | -1.79 | -3.78 | -0.49 | -1.45 |
| R&D Expense | 4.55M | 4.60M | - | 5.31M | 5.11M | 5.30M | - | 5.39M | 5.39M | 5.39M | - | 4.05M | 5.02M | 6.32M | - | 6.28M | 4.18M | 1.98M | - | 1.16M | 1.14M | 1.03M | - | 1.82M | 2.96M | 3.02M | 4.98M | 7.67M | 9.66M | 12.68M | 14.70M | 15.62M | 14.35M | 16.63M | 12.82M | 11.08M | 9.90M | 7.65M | 6.96M | 7.71M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 88.02M | 69.78M | 122.57M | 120.60M | 187.66M | 180.29M | 163.08M | 108.25M | 95.67M | 89.44M | 60.75M | 70.87M | 69.58M | 130.48M | 123.39M | 112.13M | 158.16M |
| Gross Profit | -30.01M | -18.65M | -12.61M | 445.00K | 7.12M | 13.73M | 12.78M | -357.00K | 2.73M | 3.09M | -21.27M | -7.72M | - | - | - | - | - |
| Operating Income | -66.36M | -54.37M | -45.68M | -32.13M | -29.81M | -27.31M | -28.89M | -46.35M | -44.94M | -44.63M | -66.93M | -39.17M | -64.90M | -143.72M | -136.08M | -158.49M | -192.35M |
| Net Income | -68.67M | -55.66M | -45.71M | -35.49M | -34.36M | -38.12M | -29.36M | -50.96M | -53.90M | -47.33M | -77.57M | -89.11M | -101.06M | -142.72M | -107.57M | -126.01M | -187.90M |
| Diluted EPS | -0.99 | -0.63 | -0.47 | -0.23 | -2.42 | -2.02 | -1.33 | -1.82 | -13.73 | -9.01 | -1.82 | -0.42 | -0.31 | -11.43 | -7.92 | -7.83 | -7.42 |
| R&D Expense | 19.16M | 18.56M | 16.77M | 14.35M | 15.72M | 18.24M | 17.44M | 20.85M | 20.40M | 22.82M | 13.79M | 4.80M | 11.31M | 34.53M | 61.02M | 55.40M | 34.08M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Oct 2008 | Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 150.53M | 183.63M | 191.49M | 237.64M | 280.64M | 277.23M | 340.73M | 383.79M | 340.42M | 333.45M | 523.54M | 875.25M | 939.72M | 955.52M | 944.12M | 932.15M |
| Total Equity | 47.06M | 31.34M | 8.35M | -13.45M | 14.51M | -12.41M | 99.99M | 95.31M | 114.40M | 101.26M | 82.19M | 75.74M | 194.55M | 642.44M | 684.39M | 682.49M | 656.92M | 662.18M |
| Cash & Equivalents | 38.04M | 57.82M | 11.42M | 42.98M | 46.88M | 67.70M | 83.71M | 58.85M | 84.19M | 49.29M | 39.29M | 9.43M | 149.87M | 432.21M | 458.06M | 249.95M | 148.13M | 278.10M |
| Long Term Debt | - | - | 4.06M | 3.62M | 3.39M | 43.95M | 9.31M | 8.95M | 77.90M | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | 66.14M | 138.15M | 117.50M | 190.97M | 122.33M | 122.62M | 166.48M | 194.97M | 163.50M | 197.85M | 269.13M | 169.92M | 185.33M | 195.22M | 216.66M | 201.00M |
| Current Liabilities | - | - | 54.04M | 114.17M | 84.90M | 106.26M | 75.06M | 74.89M | 52.00M | 98.08M | 60.12M | 62.73M | 58.90M | 52.77M | 85.80M | 65.90M | 73.90M | 67.84M |
Cash Flows (Annual)
Figures in USD.
| Metric | Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -65.20M | -34.99M | -8.48M | -58.66M | -16.66M | -57.47M | -44.27M | -46.59M | -71.84M | 16.32M | -30.57M | -36.78M | -70.44M | -112.17M | -140.25M | -152.91M | -125.29M |
| Investing Cash Flow | 37.81M | -30.26M | 18.03M | 7.55M | -6.19M | -7.08M | -6.93M | -41.45M | -31.44M | -51.26M | -69.30M | -32.52M | -73.23M | -46.65M | -192.37M | -60.05M | 88.86M |
| Financing Cash Flow | 47.17M | 27.88M | 22.02M | 54.96M | 43.63M | 95.94M | 28.22M | 120.66M | 72.29M | 27.72M | 59.66M | 221.67M | 411.91M | 180.58M | 151.07M | 122.15M | 169.26M |
Ratios (Annual)
Figures in %.
| Metric | Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | Oct 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Oct 2024 | Oct 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | -34.1% | -26.7% | -10.3% | 0.4% | 3.8% | 7.6% | 7.8% | -0.3% | 2.9% | 3.5% | -35.0% | -10.9% | - | - | - | - | - |
| Operating Margin % | -75.4% | -77.9% | -37.3% | -26.6% | -15.9% | -15.1% | -17.7% | -42.8% | -47.0% | -49.9% | -110.2% | -55.3% | -93.3% | -110.1% | -110.3% | -141.3% | -121.6% |
| Net Margin % | -78.0% | -79.8% | -37.3% | -29.4% | -18.3% | -21.1% | -18.0% | -47.1% | -56.3% | -52.9% | -127.7% | -125.7% | -145.2% | -109.4% | -87.2% | -112.4% | -118.8% |
| ROE % | -219.1% | -666.6% | 339.8% | -244.6% | 276.8% | -38.1% | -30.8% | -44.5% | -53.2% | -57.6% | -102.4% | -45.8% | -15.7% | -20.9% | -15.8% | -19.2% | -28.4% |
| ROCE % | - | -56.3% | -65.8% | -30.1% | -22.7% | -13.3% | -14.3% | -16.1% | -15.7% | -15.9% | -24.7% | -8.4% | -7.9% | -16.8% | -15.3% | -18.2% | -22.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 5.39% | 4.31M | $78.08M |
| 2 | Legal & General Group PLC | 3.03% | 2.42M | $43.82M |
| 3 | Vanguard Capital Management LLC | 2.92% | 2.33M | $42.25M |
| 4 | State Street Corporation | 2.68% | 2.14M | $38.83M |
| 5 | Two Sigma Investments, LP | 2.58% | 2.06M | $37.33M |
| 6 | Geode Capital Management, LLC | 1.76% | 1.41M | $25.51M |
| 7 | Encompass Capital Advisors, LLC | 1.71% | 1.37M | $24.74M |
| 8 | UBS Group AG | 1.59% | 1.27M | $23.08M |
| 9 | Renaissance Technologies, LLC | 1.59% | 1.27M | $23.04M |
| 10 | Anatole Investment Management Ltd | 1.46% | 1.17M | $21.11M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FCEL
Why Is FCEL Stock Plunging Hard Today? - Stocktwits
<a href="https://news.google.com/rss/articles/CBMiowFBVV95cUxNSDdDcHJLM0RwMkZ3ZUtZay1NRlRFcm9pS2pETndIV25KSHZPR3A1QlpqOUtQaG9SYUhFUjBGYzlwWC1HTHp0RmlYMWRROEpFb2p2dHMyelVPS3JIZkwtbWZ0VkFSclBNU1lZMURLbDlObV9veE5jVVNraEFvbDkwMDBIWk53OVhHbzljUE…
Should You Invest in FCEL Stock Before Q3 Earnings Release? - finance.yahoo.com
<a href="https://news.google.com/rss/articles/CBMimgFBVV95cUxPYnRxTFNYVW9HMWRyeWM4RjRXVmRSd2ZEaVVMakw3ZkpyUDFndEJSUlF3OFVpOFVnQllCbm1WN1JhZnFWbXVxUTlmZmRkYkhyRE1DUTZMTGtYRUNyYVBPWF81Zk1qS1k5ZV9NcnR4YXBmcGhYOXVBbV9VUUtBYXVjYTZGQ29IYXNFZGxNOV…
A fuel-cell maker signs its first deal to reserve factory capacity for a planned Texas data center. - Stock Titan
<a href="https://news.google.com/rss/articles/CBMivwFBVV95cUxOQ0tETlB2WlVkSzc1NFhDbWczZDhhMzBONWt0X3ZmbVBEcmI4Q3ZEZnp3VTRmTnlhMnp0RS13YWl6U000bUNHeURVcjROYjdlM3kyMk50d242UlJVcVhCdXdCZDlRMmR4UVlyY1dTUXBFSHVqV2FYRlFkU2RqUkllMFdBQTVTaE9kcDJrTH…
FCEL Maintains Rating by Jefferies -- Price Target Lowers to $20 - gurufocus.com
<a href="https://news.google.com/rss/articles/CBMiowFBVV95cUxOdFd1R1Q0cXMxV1pNelc4a2lLTnpKUE43eDZqXzRkUmxqM1RqLUo1YXVUX3B2WFJra1FHMmVfX0RZNlp2QjdZZ1c4REVJanVrTWgwcDdpMjFOQVB0U3A4VEZ1MW1PY3lkcUgzdVNPNzREZS1EMFl4UFBoMmxKN1ZCdkx0TklCeHF6WGVqUl…
FuelCell Energy (NASDAQ:FCEL) Trading 9.7% Higher - Should You Buy? - marketbeat.com
<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxQQUJtblpUU04talRPeVB0RHJKQW5sS2ZldEh1Mkh6UkNFa1FiNlZ5OVpNdFkxR3czWWdsOTg1NG9ieTV2VFE1Vl9obzdRdU40T1k3aHJXN0JTelpWZEc1dXhhdTY5bFhmai14b3VTVEtmblN3NmRENTRZMXpFUG5tX0ZmeEs3dEd4dERMUm…
FuelCell Energy (FCEL) Stock Rises As Contract Charges Deepen Margin Pressure - simplywall.st
<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxOYkV4TzFoRHpTcWE2dzVSTmhxeDhhQVhneWx2dWRSUlp0QWk4aWMzS0JFVE9pVFk0d2VrQW81c2dBbldyU0dWTUJ1c1dyaFRLV3VENHBnY2ZnaWVGYmdrT0VGUUMyTVNiMXlRdjlGQ1h2M1JCT0w0S1J1dmFzc0R2Y0RNR09nRlhOSnRxTn…
FCEL — Frequently Asked Questions
What is the current share price of FuelCell Energy, Inc. (FCEL)?
As of 2026-09-19 21:16 PDT, FuelCell Energy, Inc. (FCEL) trades at $17.76 on NasdaqGM. Its 52-week range is $3.92 to $36.01.
What is the market capitalisation of FCEL?
FuelCell Energy, Inc. (FCEL) has a market capitalisation of $1.42B on NasdaqGM.
What is the P/E ratio of FCEL?
FCEL trades at a trailing price-to-earnings (P/E) ratio of -6.43. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 1.46.
What is the return on equity (ROE) of FCEL?
FCEL has a return on equity (ROE) of -21.38%. Its return on capital employed (ROCE) is -22.25%.
Is FCEL a good stock to buy?
This page provides a data-driven analysis of FuelCell Energy, Inc. (FCEL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.