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FCEL US​

Fuelcell Energy Inc(FCEL US)

$11.11-0.474.06%Ext:$11.23+0.121.04%(Market Closed · 23:59:16 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Fuelcell Energy Inc — Company Profile

FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.4-megawatt (MW) SureSource 1500, the 2.8 MW SureSource 3000, the 3.7 MW SureSource 4000, the 250-kilowatt (kW) SureSource 250, and the 400 kW SureSource 400. A prominent product is the 2.3 MW SureSource Hydrogen platform, engineered to produce up to 1,200 kilograms of hydrogen daily, serving applications in multi-megawatt utilities, microgrids, distributed hydrogen, and on-site heating and cooling. Furthermore, FuelCell Energy provides the SureSource Capture system, designed to separate and concentrate carbon dioxide from the flue gases emitted by natural gas, biomass, or coal-fired power plants, as well as industrial facilities. Their technological capabilities also include solid oxide fuel cell and solid oxide electrolysis cell stack technologies. The SureSource power plants fundamentally generate clean electricity, useful thermal energy, water, and hydrogen. The company's service portfolio is extensive, featuring engineering, procurement, and construction (EPC) services, along with project financing. Post-installation support includes real-time monitoring, remote operational management, an online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment or recycling services. Technical support is also available for optimizing plant operation, performance, and fuel processing. FuelCell Energy serves a diverse clientele across various markets, including public utilities and independent power producers, industrial and process applications, educational and healthcare facilities, data centers and communication networks, wastewater treatment plants, government entities, microgrid developers, the food and beverage industry, and the commercial and hospitality sectors. The company's primary operational regions encompass the United States, South Korea, England, Germany, and Switzerland. Founded in 1969, FuelCell Energy, Inc. is headquartered in Danbury, Connecticut.

Exchange
UQ
CEO
Jason Few
Headquarters
Danbury, CT, US
IPO Date
Jun 25, 1992
Employees
424
Website
www.fuelcellenergy.com

Key Metrics

Price
$17.30
Market Cap
$1.38B
Revenue (TTM)
$35.59M
Net Income (TTM)
$-77629000.00
EPS (TTM)
-1.45
P/E (TTM)
-6.21
P/B (TTM)
1.92
Dividend Yield
0.00%
ROE (TTM)
-10.79%
ROA (TTM)
-7.73%
Operating Margin
-2.19%
Beta
2.97

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.4-megawatt (MW) SureSource 1500, the 2.8 MW SureSource 3000, the 3.7 MW SureSource 4000, the 250-kilowatt (kW) SureSource 250, and the 400 kW SureSource 400. A prominent product is the 2.3 MW SureSource Hydrogen platform, engineered to produce up to 1,200 kilograms of hydrogen daily, serving applications in multi-megawatt utilities, microgrids, distributed hydrogen, and on-site heating and cooling. Furthermore, FuelCell Energy provides the SureSource Capture system, designed to separate and concentrate carbon dioxide from the flue gases emitted by natural gas, biomass, or coal-fired power plants, as well as industrial facilities. Their technological capabilities also include solid oxide fuel cell and solid oxide electrolysis cell stack technologies. The SureSource power plants fundamentally generate clean electricity, useful thermal energy, water, and hydrogen. The company's service portfolio is extensive, featuring engineering, procurement, and construction (EPC) services, along with project financing. Post-installation support includes real-time monitoring, remote operational management, an online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment or recycling services. Technical support is also available for optimizing plant operation, performance, and fuel processing. FuelCell Energy serves a diverse clientele across various markets, including public utilities and independent power producers, industrial and process applications, educational and healthcare facilities, data centers and communication networks, wastewater treatment plants, government entities, microgrid developers, the food and beverage industry, and the commercial and hospitality sectors. The company's primary operational regions encompass the United States, South Korea, England, Germany, and Switzerland. Founded in 1969, FuelCell Energy, Inc. is headquartered in Danbury, Connecticut.

Website
www.fuelcellenergy.com
Location
Danbury, CT, US
Phone203 825 6000
Employees424
CEOJason Few
IPO DateJun 25, 1992

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Latest Documents

SEC Filings(1.6K)

Expand
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 4Statement of changes in beneficial ownership19 Oct
  • 3Initial statement of beneficial ownership16 Oct
  • SC 13GFUELCELL ENERGY INC15 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers7 Oct
  • 144Achanta Shankar6 Oct
  • 4Statement of changes in beneficial ownership15 Sep
  • 10-QQ3ended 31 Jul 20262 Sep
  • 8-K​As of July 31,​​(Amounts in thousands)2026​2025​ChangeCommitted Backlog​​​​​Product$ 108,865​$ 96,183​$ 12,682Service263,648​169,384​94,264Generation915,725​955,033​(39,308)Advanced Technologies7,772​24,254​(16,482)Total Committed Backlog$ 1,296,010​$ 1,244,854​$ 51,156Awarded Capacity Backlog​​​​​Product$ 1,058,750​-​$ 1,058,750Service1,291,500​-​1,291,500Total Awarded Capacity Backlog$ 2,350,250​-​$ 2,350,250​​​​​​Total Committed and Awarded Capacity Backlog$ 3,646,260​$ 1,244,854​$ 2,401,4062 Sep
  • SC 13G/AFUELCELL ENERGY INC14 Aug
  • SC 13GFUELCELL ENERGY INC4 Aug
  • SC 13GFUELCELL ENERGY INC28 Jul
  • 8-KOther Events21 Jul
  • 424B7Prospectus filing (Rule 424(b)(7))21 Jul
  • 4Statement of changes in beneficial ownership20 Jul
  • 4Statement of changes in beneficial ownership16 Jul
  • 4Statement of changes in beneficial ownership16 Jul
  • 4Statement of changes in beneficial ownership16 Jul

News

  • ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL23 Oct
  • Kaplan Fox Encourages FuelCell Energy, Inc. (FCEL) Investors Seeking Recovery to Contact the Firm Before November 10, 202623 Oct
  • ROSEN, LEADING INVESTOR COUNSEL, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL23 Oct
  • Hagens Berman Encourages FuelCell Energy, Inc. (FCEL) Investors with Substantial Losses to Contact Firm, Deadline Approaching in Securities Class Action23 Oct
  • FuelCell Energy Earns Strong PJM Capacity Rating Amid Power Demand23 Oct
  • FCEL SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds FuelCell Energy (FCEL) Investors of Securities Class Action Lawsuit Deadline on November 10, 202623 Oct
  • Bloom Energy Sinks 4% as Negative Cash Flow Overshadows Third Guidance Raise; FuelCell and Plug Power Hold Steady23 Oct
  • FuelCell (FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% - Hagens Berman22 Oct
  • ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL22 Oct
  • FCEL Investors Have Opportunity to Lead FuelCell Energy, Inc. Securities Fraud Lawsuit22 Oct
  • Bloom Energy Sinks 9% as Pre-Earnings Rally Reverses; FuelCell Drops 6%, Plug Power Falls 3%22 Oct
  • FCEL Shareholder Alert: FuelCell Energy, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact SueWallSt22 Oct
  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in FuelCell Energy, Inc. of Class Action Lawsuit and Upcoming Deadlines - FCEL22 Oct
  • Faruqi & Faruqi, LLP Urges FuelCell Energy, Inc. (FCEL) Investors to Seek Counsel Before the November 10, 2026 Lead Plaintiff Deadline in the Securities Class Action22 Oct
  • FUELCELL ENERGY, INC. (FCEL) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds FuelCell Energy, Inc. Investors of Upcoming Deadline22 Oct
  • FuelCell Energy, Inc. Investors Have Until November 10th to Seek Lead Plaintiff Role with Bragar Eagel & Squire, P.C.21 Oct
  • ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL21 Oct
  • What Does FuelCell Energy, Inc.'s 15.69% Stock Drop Mean for Investors? The Law Offices of Howard G.21 Oct
  • FCEL INVESTOR ALERT: Hagens Berman Reminds FuelCell Energy Investors of November 10, 2026 Lead Plaintiff Deadline21 Oct
  • Bronstein, Gewirtz & Grossman LLC Urges FuelCell Energy, Inc. Investors to Act: Class Action Filed Alleging Investor Harm21 Oct

Mentions in Filings

  • … t banking experience in the decarbonization industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, <strong>FuelCell Energy</strong>, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was responsible for the …
    Spring Valley Acquisition Corp. VFuelcell Energy Inc·S-1/A - REGISTRATION STATEMENT·Q4 26·13 Oct
  • #FTAI Infrastructure, Inc. 20,023 116,534 \*FTI Consulting, Inc. 6,088 1,063,391 \*FuelCell Energy, Inc. 354 2,899 \*Gates Industrial Corp. PLC 50,068 1,152,565 GATX Corp. 7,411 1,348,135 GE Vernova, Inc. 27,877 20,249,017 Genco Shipping & Trading, Ltd. 8,993 187,954 \*Gencor Industries, Inc. 445 6,381 \*Generac Holdings, Inc. 11,414 1,918,009 16 Dimensional US Core Equity Market ETF continued …
    Dimensional ETF TrustFuelcell Energy Inc·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … other exchange-traded funds (“ETFs”). As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify (200%) the daily performance of the common shares of <strong>FuelCell Energy, Inc.</strong> (The Nasdaq Stock Market LLC (“Nasdaq”): FCEL) (“FCEL”). The return for investors that invest for periods longer or shorter than a single-trading day should not be expected to be 200% of the performance of FCEL for …
    Investment Managers Series Trust IIFuelcell Energy Inc·485APOS - Post-effective amendment (open-end investment companies)·05 Aug·5 Aug
  • … banking experience in the Sustainability industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, <strong>FuelCell Energy</strong>, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was responsible for th …
    Eagle Nuclear Energy Corp.Fuelcell Energy Inc·ARS - Annual report to security holders·FY25·21 Jul
  • … nt banking experience in the Sustainability industry. Mr. Kaplan has been involved in over 60 transactions totaling approximately $6 billion in transaction value, with notable deals including First Solar, Plug Power, <strong>FuelCell Energy</strong>, Renewable Energy Group and SunPower Corporation. Mr. Kaplan was most recently Managing Director of Clean Technologies/Renewables at Stifel Financial Corp. (“Stifel”). In this role, Mr. Kaplan was responsible for the …
    Eagle Nuclear Energy Corp.Fuelcell Energy Inc·DEF 14A - Definitive proxy statement·Q3 26·21 Jul
  • … pital Power Corporation | | W.P. Carey Inc. | | Sunnova Energy International Inc. | | Innergex Renewable Energy Inc. | | Boralex Inc. | | Main Street Capital Corporation | | American Superconductor Corporation | | <strong>FuelCell Energy, Inc.</strong> | | FTC Solar Inc. | | Stem, Inc. | Because comparative compensation information is just one of the several analytic tools used in setting executive compensation, the Compensation Committee applies judgment in det …
    Greenbacker Renewable Energy Co LLCFuelcell Energy Inc·DEFM14A - Definitive proxy statement (merger)·Q4 26·20 Oct

Key Stats

Trading

Px/Chg 1D$17.30 / -6.33%
Avg Volume7.05M
Beta2.97
Mkt Cap1.38B
FD Mkt Cap1.36B

Float

Shrs Out/Float79.95M / 75.43M
Short Float0.19%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV1.18B
EV/EBITDA-6.70
EV/Sales7.02
P/B1.92
P/S8.24
FCF Yield-1.94%
ROE-10.79%
ROA-7.73%
Current Ratio8.59

Estimates

P/E-6.21
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-87.58-259.94-138.69-12.23-9.20-17.82
Price / Sales92.57284.32120.9113.755.0038.87
Price / Book Value14.8849.8520.102.150.381.92
Price / Free Cash Flow-73.62-233.59-64.14-7.26-11.46-51.63
ENTERPRISE VALUE METRICS
Enterprise Value10,942.036,815.214,886.11,620.5209.61,178.8
Enterprise Value / Sales90.83282.14120.6414.453.8133.12
Enterprise Value / EBITDA-110.72-310.04-198.87-14.62-12.45-17.64
Enterprise Value / EBIT-89.10-262.93-148.52-11.02-7.87-15.18

Financials

Full Financials
Millions USD5Yr CAGR (%)Oct '21Oct '22Oct '23Oct '24Oct '25
INCOME STATEMENT
Revenue22.8%69.6130.5123.4112.1158.2
Gross Income14%-15.6-29.6-10.5-35.9-26.4
EBITDA17.5%-73.8-118.7-74.9-110.9-140.5
EBIT17.9%-93.7-140.0-100.2-147.1-180.9
Net Income16.8%-101.0-142.7-107.6-126.0-187.9
EPS (Diluted)123%-0.30-0.38-0.26-0.49-7.42
BALANCE SHEET
Cash & ST Inv-10.4%432.2458.1353.7257.3278.1
Total Assets1.6%875.2939.7955.5944.1932.1
Total Liabilities4.3%169.9185.3195.2216.7201.0
Total Shareholder Equity69.5%702.3744.2742.4716.8722.0
CASH FLOW
Net Operating Cash Flow15.5%-70.4-112.2-140.3-152.9-125.3
Cap Ex-25.5%-73.2-46.7-92.4-59.6-22.5
Free Cash Flow71.7%-143.7-158.8-232.6-212.5-147.8

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)11.18
Basic Shares79.95
Market Cap893.9
Diluted Shares54.22
Fully Diluted Shares Outstanding54.22
Fully Diluted Market Cap606.2
+Consolidated Debt159.7
−In-the-Money Convertible Debt—
+Capital Leases12.8
+Operating Leases—
−Cash & Equivalents-373.2
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest9.1
+Pension Liabilities—
Enterprise Value689.5

Segment data

Revenue

by Products and services

  • Electricity, Generation54%
  • Product35%
  • Advanced Technologies8%
  • Service3%

Revenue

by Geography

  • United States78%
  • Korea, Republic Of20%
  • Europe2%
  • Canada0%

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