FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCEL
FuelCell Energy, Inc.US flagNASDAQ Global Market
21.81
USD
-2.83
- -
1.16BMarket Cap
FuelCell Energy, Inc.
FCEL
(NASDAQ Global Market)

Recent

price

21.81

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3,209.47
4,253.24
3,148.66
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
5.2
Revenue per Share
-2,707.51
-1,697.31
-1,010.26
-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
-5.69
Basic EPS, GAAP
-1,609.49
-294.43
-1,531.45
-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
-3.48
Free Cash Flow per Basic Share
169.96
528.35
199.04
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
0.1
Dividend per Share
-30,155.56
-24,336.28
-19,236.43
-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
-56.76
Book Value per Share
353.57
-498.82
368.85
-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
21.46
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
7
11
13
14
17
26
33
Basic Weighted Avg Shares
70
123
121
188
180
163
108
96
89
61
71
70
130
123
112
158
170
Sales/Revenue/Turnover
-77.91
-37.27
-26.64
-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
-68.48
Operating Margin (%)
7
6
5
4
4
4
5
9
9
12
19
20
21
25
36
40
41
Depreciation Expense
-56
-46
-35
-34
-38
-29
-51
-54
-47
-78
-89
-101
-143
-108
-126
-188
-182
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-79.77
-37.3
-29.43
-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
-107.51
Profit Margin (%)
48
19
56
83
142
129
150
105
70
22
175
491
494
410
371
382
433
Working Capital
4
4
4
53
13
13
81
64
72
90
160
87
90
129
140
127
144
LT Debt
8
-14
74
47
158
155
174
189
177
136
254
705
754
760
727
731
764
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jul'25
Oct'25
Jan'26
ST Debt
18
17
19
LT Borrowings
119
115
132
LT Finance Leases
12
12
12
Preferred Equity and Hybrid Capital
60
60
60
Shares Outstanding
30
46
53
Market Capitalization
106
207
267

Working Capital

FRC

in mil. unless spec.
Jul'25
Oct'25
Jan'26
Total Current Assets
370
450
495
Cash, Cash Equivalents & STI
175
278
312
Accounts Receivable, Net
10
4
6
Inventories
105
86
90
Total Current Liabilities
69
68
62
Payables & Accruals
43
46
38
ST Debt
18
17
19
Deferred Revenue
5
3
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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

APIChat
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  • FuelCell Stock Is Dipping: What's Happening On Friday?

  • FuelCell Energy Elects Cybersecurity Entrepreneur and McKinsey Veteran John Livingston to Board of Directors

  • FuelCell Energy Announces Second Quarter 2026 Results Conference Call on June 8, 2026, at 10:00 A.M. Eastern Time

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  • FuelCell Energy Slumps 22%, Plug Power Sinks 12%: Hydrogen Bulls Hit the Brakes

  • Plug Power Rises 9% Then Retreats: Is It Outperforming Other Fuel Cell Stocks Like FuelCell Energy and Bloom Energy?

  • FuelCell Energy Surges 18%, Plug Power Climbs 13%, Bloom Energy Rallies 12% as Fuel Cell Stocks Ignite

  • FuelCell Energy (FCEL) Surges 11.6%: Is This an Indication of Further Gains?

  • 3 Alternative Energy Stocks Poised to Benefit From Wind and EV Growth

  • Stock Market Today, April 29: Plug Power Jumps on Sector Strength and a Price Target Boost

  • Fuel Cell Stocks Erupt: Bloom Energy Surges 23%, FuelCell Energy Rockets 32%, Plug Power Climbs 9%

  • Is FuelCell Energy The Next AI Power Play? Data Center Demand Drives 275% Pipeline Growth

  • FCEL vs. OKLO: Which Data Center Power Stock Looks Better?

  • FuelCell Energy Is Up 80% in April. Should You Buy Now?

  • FuelCell Energy Jumps 6% on Technology Edge as Plug Power Retreats 5% Before Earnings