FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCEL
FuelCell Energy, Inc.US flagNASDAQ Global Market
18.47
USD
+1.90
- -
1.48BMarket 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
2.95
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
-3.41
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
-1.84
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
0.06
Book Value per Share
-273.15
1,504.22
1,321.77
1,170.82
524.55
309.28
11.74
19.8
52.57
50.63
45.44
32.24
14.37
12.2
Tangible Book Value per Share
-573.91
1,298.61
1,132.23
1,030.94
453.75
257.86
7.81
17.36
50.71
49.04
44.09
31.31
14.29
12.16
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
2
7
11
13
14
17
26
52
Sales/Revenue/Turnover
188
180
163
108
96
89
61
71
70
130
123
112
158
154
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
-87.95
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
-175
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
-113.6
Working Capital
83
142
129
150
105
70
22
175
491
494
410
371
382
737
LT Debt
53
13
13
81
64
72
90
160
87
90
129
140
127
158
Total Equity
47
158
155
174
189
177
136
254
705
754
760
727
731
1,043
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-33.34
-51.65
-52.96
-67.78
-122.93
-68.4
-24.91
-22
-16.21
-19.29
-28.97
-23.29

Capital Structure

FRC

•

in mil. unless spec.
Jan'26
Apr'26
Jul'26
ST Debt
19
18
20
LT Borrowings
132
130
147
LT Finance Leases
12
12
12
Preferred Equity and Hybrid Capital
60
60
60
Shares Outstanding
53
64
80
Market Capitalization
431
826
1,728

Working Capital

FRC

•

in mil. unless spec.
Jan'26
Apr'26
Jul'26
Total Current Assets
495
544
833
Cash, Cash Equivalents & STI
312
373
658
Accounts Receivable, Net
6
8
7
Inventories
90
88
86
Total Current Liabilities
62
63
96
Payables & Accruals
38
40
57
ST Debt
19
18
20
Deferred Revenue
4
4
19

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
33
- -
- -

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
-0.64
- -
- -

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
0.01
- -
- -

Company Description

CEO
Jason Few
Full Time Employees
424
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

  • FCEL Investors Have Opportunity to Lead FuelCell Energy, Inc. Securities Fraud Lawsuit

  • HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages FuelCell Energy, Inc. (FCEL) Investors with Substantial Losses to Contact Firm, Securities Fraud Class Action Filed

  • FuelCell Jumps 7%, Bloom Energy Climbs 3% as Hydrogen Stocks Rally; Plug Power Sits Out

  • ROSEN, A RANKED AND LEADING LAW FIRM, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL

  • Why Is FuelCell Energy (FCEL) Up 13% Since Last Earnings Report?

  • FuelCell Energy (FCEL) Securities Fraud: Contact Berger Montague To Discuss Your Rights

  • DEADLINE ALERT for DKS, BBNX, FCEL, and LINC: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

  • FCEL Investors Have Opportunity to Lead FuelCell Energy, Inc. Securities Fraud Lawsuit with SBS Law

  • Kaplan Fox Notifies Investors of FuelCell Energy, Inc. (FCEL) of the Lead Plaintiff Deadline on November 10, 2026

  • FCEL Stockholders Have Rights - If You Lost Money Investing in FuelCell Energy, Inc. Contact Robbins LLP for Information About Recovering Your Losses

  • FCEL SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds FuelCell Energy (FCEL) Investors of Securities Class Action Lawsuit Deadline on November 10, 2026

  • Bronstein, Gewirtz & Grossman LLC Urges FuelCell Energy, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

  • FCEL Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in FuelCell Energy, Inc. Securities Lawsuit - Contact SueWallSt

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in FuelCell Energy, Inc. of Class Action Lawsuit and Upcoming Deadlines - FCEL

  • FuelCell (NASDAQ: FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% -- HBSS

  • FuelCell Energy (NASDAQ:FCEL) Shares Gap Up – Time to Buy?

  • FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Rating of “Hold” from Analysts

  • ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages FuelCell Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - FCEL

  • FCEL Shareholder Alert: November 10, 2026 Lead Plaintiff Deadline in FuelCell Energy, Inc. Securities Class Action - Contact Levi & Korsinsky

  • FCEL Shareholder Alert: November 10, 2026 Lead Plaintiff Deadline in FuelCell Energy, Inc. Securities Class Action - Contact Levi & Korsinsky