FCEL

FuelCell Energy, Inc.

Fundamental data last updated:August 12, 2026

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company profile

SECTOR

Industrials

industry

Electrical Equipment & Parts

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; solid oxide fuel cell/solid oxide electrolysis cell stack technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. In addition, it provides engineering, procurement, and construction services; project financing services; and real-time monitoring and remote operation, online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment/recycling services, as well as technical services in the areas of plant operation and performance, and fuel processing. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

 


VALUATION

P/E

-6.42

Market Cap ($M USD)

$1.29B

Forward P/E

195.12

PEG

1.89

PRICE TO SALES

7.61

PRICE TO BOOK

1.56

EV / EBITDA

-8.57

5-Year Average P/E

Free Cash Flow Yield

-10.19%

DCF Value

$-209.12

Graham Number

N/A

Price to FCF

-9.81

EV to FCF

-8.68

Earnings Yield

-15.58%

FCF Yield

-10.19%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

-1.75%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$3.80

Next Year EPS Growth Estimate

$0.13

Next Year Revenue Growth Estimate

$696.56M

Return on Equity (ROE)

-26.54%

FREE CASH FLOW

Operating Margin

-67.57%

Debt-to-Equity

0.20

Piotroski F-Score

4

Altman Z-Score

1.08

Return on Invested Capital (ROIC)

-12.51%

Current Ratio

7.96

Quick Ratio

6.51

Net Debt to EBITDA

1.12

Interest Coverage

-10.89

Gross Profit margin

-15.95%

FCF PER SHARE

$-2.73

REVENUE PER SHARE

$3.52

Gainseekers Quantitative Analysis

Summary

FuelCell Energy, Inc. presents a perplexing valuation scenario. Despite a staggering negative DCF Value, the stock has traded above its Graham Number, suggesting a disconnect between market optimism and intrinsic value. The Forward P/E of 109.6 signals high growth expectations, yet the negative Earnings Yield and Altman Z-score of -0.50 raise red flags about financial stability and potential distress. The market seems to be pricing in a turnaround, but the fundamentals suggest caution.

AI Exposure / Tech Reliance

Operating within the Electrical Equipment & Parts industry, FuelCell Energy is strategically positioned to leverage AI advancements in energy efficiency and smart grid technologies. As the sector evolves, the company's ability to integrate cutting-edge tech could enhance operational efficiencies. However, the rapid pace of innovation demands agility and investment in R&D to stay competitive.

The Bull Case

For the discerning GARP investor, FuelCell Energy offers intriguing potential. The company's low Debt/Equity ratio of 0.20 and a Piotroski F-Score of 4 indicate a relatively stable financial footing. Despite negative margins, the high Current Ratio of 7.96 suggests liquidity strength, providing a buffer for strategic investments. The potential for explosive sales growth next year could translate into significant upside if management executes effectively.

The Bear Case

However, the bear case is compelling. The negative EV to EBITDA and Price to FCF ratios highlight severe cash flow issues, while the Operating Margin of -67.57% underscores operational inefficiencies. Trading near its 52-week high, the stock appears technically overextended, raising concerns about sustainability. The negative Return on Equity of -26.54% further questions management's ability to generate shareholder value.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$8.73

Institutional Ownership %

1-Year Beta

2.23

Insider Buying % (6 Mo)

Distance to 52-Week High

13.53%

Distance to 52-Week Low

84.50%

EARNINGS SURPRISE %

23.53%

50-DAY SMA

$12.06

200-DAY SMA

$8.65

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.