FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCEL
FuelCell Energy, Inc.US flagNASDAQ Global Market
22.47
USD
+0.83
- -
1.19BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4,346.35
3,170.21
2,393.97
1,308.91
689.98
389.07
33.09
9.58
6.24
10.22
8.82
6.79
6.14
4.12
Basic EPS, GAAP
-869.88
-726.64
-477.97
-654.83
-411.85
-270.45
-52.87
-12.49
-9.34
-11.43
-7.92
-7.83
-7.42
-5.53
Free Cash Flow per Basic Share
-385.82
-1,010.5
-649.94
-563.39
-518.17
71
-16.65
-4.97
-6.31
-8.78
-10.02
-9.26
-4.87
-2.72
Dividend per Share
102.88
76.37
61.69
50.42
29.97
18.18
1
0.88
0.29
0.25
0.23
0.19
0.12
0.08
Book Value per Share
-17,861.06
-14,230.66
-12,311.66
-10,756.75
-6,805.04
-4,310.51
-585.54
-157.35
-113.39
-110.24
-108.32
-99.46
-71.06
-47.36
Tangible Book Value per Share
-622.08
1,490.78
1,190.36
1,217.95
631.72
298.11
27.45
23.05
55.81
52.7
48.62
39.31
25.92
17.8
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
2
7
11
13
14
17
26
41
Sales/Revenue/Turnover
188
180
163
108
96
89
61
71
70
130
123
112
158
168
Operating Margin (%)
-15.89
-15.15
-17.72
-42.82
-45.55
-49.9
-110.17
-55.26
-93.27
-110.15
-110.28
-139.06
-76.65
-68.95
Depreciation Expense
4
4
4
5
9
9
12
19
20
21
25
36
40
41
Net Income, GAAP
-34
-38
-29
-51
-54
-47
-78
-89
-101
-143
-108
-126
-188
-222
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-18.31
-21.15
-18
-47.07
-56.34
-52.92
-127.68
-125.73
-145.23
-109.38
-87.17
-112.38
-118.8
-132.41
Working Capital
83
142
129
150
105
70
22
175
491
494
410
371
382
481
LT Debt
53
13
13
81
64
72
90
160
87
90
129
140
127
141
Total Equity
47
158
155
174
189
177
136
254
705
754
760
727
731
788
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
17
19
18
LT Borrowings
115
132
130
LT Finance Leases
12
12
12
Preferred Equity and Hybrid Capital
60
60
60
Shares Outstanding
46
53
64
Market Capitalization
230
267
530

Working Capital

FRC

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
450
495
544
Cash, Cash Equivalents & STI
278
312
373
Accounts Receivable, Net
4
6
8
Inventories
86
90
88
Total Current Liabilities
68
62
63
Payables & Accruals
46
38
40
ST Debt
17
19
18
Deferred Revenue
3
4
4

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.02%
36.23%
0.51%
Free Cash Flow
-16.35%
33.35%
-18.06%
Net Income, GAAP
24.22%
19.25%
49.12%
Sales/Revenue/Turnover
4.5%
22.44%
41.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17
22
24
49
112
2025
19
37
47
55
158
2026
31
36
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.37
-2.18
-1.99
-2.21
-7.83
2025
-1.42
-1.79
-3.78
-0.85
-7.42
2026
-0.49
-1.45
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.05
0.05
0.04
0.19
2025
0.04
0.04
0.03
0.02
0.12
2026
0.02
0.01
- -
- -
- -

Company Description

APIChatGPT
CEO
Jason Few
Full Time Employees
629
Sector
Industrials
Industry
Electrical Equipment & Parts
Address
3 Great Pasture Road Danbury CT United States of America 06810
IPO Date
Jun 25, 1992
Business
FuelCell Energy, Inc. (Nasdaq: FCEL) designs, manufactures, installs, operates, and services stationary fuel cell and electrolysis platforms that generate ultra-clean power, capture carbon, produce hydrogen, and enable long-duration energy storage. The company offers its SureSource platform utilizing molten carbonate fuel cell technology for on-site power generation, utility grid support, microgrids, combined heat and power, and distributed hydrogen production; solid oxide fuel cell and electrolyzer systems for efficient hydrogen generation and power from fuels including natural gas, biogas, biofuels, and hydrogen; carbon capture, separation, and utilization solutions; as well as turn-key services encompassing development, engineering, procurement, construction, interconnection, and operations. FuelCell Energy serves diverse markets such as utilities, independent power producers, data centers, manufacturing, wastewater treatment, commercial and hospitality sectors, food and beverage, pharmaceuticals, universities, healthcare, ports, oil and gas, and hydrogen for mobility, with primary operations in the United States, South Korea, Europe, and Canada. Founded in 1969 and headquartered in Danbury, Connecticut, the company operates the world's largest fuel cell park through its Gyeonggi Green Energy project in South Korea. Recent developments include securing $25 million in repeat debt financing from the U.S. Export-Import Bank in December 2025 to support additional fuel cell module shipments and services for the Gyeonggi Green Energy project expansion; advancing solid oxide platforms for hydrogen production and electrolysis commercialization; and ongoing strategic focus on utility-scale deployments, data center power, and international growth in clean energy solutions.

Company News

APIChatGPT
  • FCEL vs. GEV: Which AI-Powered Energy Stock Is a Better Buy?

  • FuelCell Energy Rallies 6% While Bloom Energy Slides 6%, Splitting the Fuel-Cell Trade

  • Plug Power vs. FuelCell: Both Are Hot in 2026, but Only One Is Worth Buying Now

  • FuelCell Energy (NASDAQ:FCEL) Trading 9.1% Higher – Still a Buy?

  • Is FuelCell Energy (FCEL) Stock Outpacing Its Oils-Energy Peers This Year?

  • Buy 3 High-Flying Alternative Energy Stocks to Tap AI Data Center Boom

  • Fuelcell Energy Stock Soars After UBS Upgrade

  • FuelCell Energy Brings Power Closer to Where It's Needed

  • 1 Big Reason to Buy FuelCell Energy Stock While It's Still Under $30

  • FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains

  • Beyond Bloom Energy: This Fuel Cell Company Landed a Huge Data Center Deal

  • FuelCell Energy & Siemens Join Forces to Scale Clean Power Solutions

  • FuelCell Energy Stock Consolidates as Chart Defends Key Multi-Month Golden Cross

  • Siemens and FuelCell Energy Collaborate to Explore Scalable Fuel Cell Power Solutions

  • Why FuelCell Energy Stock Is Tumbling on Wednesday

  • FCEL, BE stocks sink, but only one is worth buying on the dip

  • Why Is FuelCell Energy (FCEL) Up 48.4% Since Last Earnings Report?

  • FuelCell Energy shares fall after company prices upsized $225 million stock offering

  • FuelCell Energy Sinks 14%, Bloom Energy Slides 8% After $225M FCEL Share Sale Prices at $21; Plug Power Treads Water

  • FCEL Quadruples in 3 Months: Why It May Still Be Worth Buying