FuelCell Energy Inc.
FCEL | NASDAQ
$17.91
-$0.05 (-0.28%)
Sep 22, 2026, 2:09 PM ET · Market open
Market Data
Market Cap $1.44B
Enterprise Value $784.43M
Beta 2.36
Average Volume 11.3M
Shares Outstanding (Diluted) 70.41M
Shares Change YoY 188.06%
Institutional Ownership 45.55%
Exchange NASDAQ
ISIN US35952H7008
Price Performance
Price Change 1M -3.7%
Price Change 3M -17.7%
Price Change 6M 153.0%
Price Change YTD 119.8%
Price Change 1Y 87.1%
Price Change 3Y -49.3%
Price Change 5Y -91.4%
1M CAGR (ann.) -12.1%
1Y CAGR (ann.) 115.6%
5Y CAGR (ann.) -36.1%
All-Time CAGR -30.9%
Valuation
PE Ratio -5.24
Forward PE N/A
PEG Ratio -0.05
Forward PEG 0.09
PS Ratio 9.32
Forward PS 5.70
PB Ratio 1.39
P/FCF Ratio -13.42
P/Adj. FCF Ratio -12.28
P/OCF Ratio -13.11
EV/Sales 5.09
EV/EBIT -4.50
EV/EBITDA -5.48
EV/FCF -7.33
Earnings Yield -19.1%
FCF Yield -7.5%
Adj. FCF Yield -8.1%
Financial Health
Net Cash $651.55M
Total Debt $31.45M
Cash & Short-Term Investments $682.99M
Total Assets $1.31B
Current Ratio 8.67
Quick Ratio 7.77
Debt / Equity Ratio 0.18
Debt / EBITDA -0.22
Debt / FCF -0.29
OCF / Debt -3.06
Interest Coverage -9.65
Altman Z-Score 1.46
Piotroski F-Score 4
Margins & Profitability
Gross Profit Margin -32.4%
Operating Profit Margin -70.1%
EBITDA Margin -84.0%
Net Profit Margin -113.9%
FCF Margin -69.4%
Adj. FCF Margin -75.9%
SBC / Revenue 6.4%
SBC Impact (per share) -9.3%
Returns
Return on Assets -13.4%
Return on Equity -22.1%
Return on Invested Capital -8.6%
Return on Capital Employed -8.9%
Return on Tangible Assets -13.4%
Historical Growth (CAGR)
Revenue CAGR 3Y 3.2%
Revenue CAGR 5Y 16.2%
Revenue CAGR 10Y 1.3%
EPS CAGR 3Y -37.0%
EPS CAGR 5Y -56.0%
EPS CAGR 10Y 17.9%
FCF CAGR 3Y 44.7%
FCF CAGR 5Y 12.0%
FCF CAGR 10Y -13.8%
Analyst Forecasts
Analyst Rating Hold
Analyst Count 20
EPS Growth Next 3Y 38.3%
Revenue Growth Next 3Y 72.4%
Earnings Date Dec 16, 2026
EPS Estimate (next Q) -$0.39
EPS Growth Est (next Q) -52.8%
Revenue Est (next Q) $49.27M
Revenue Growth Est (next Q) -10.4%
Fair Value Estimates
Graham Number N/A
Graham Upside N/A
Lynch Fair Value N/A
Lynch Upside N/A
Price Target $21.40
Price Target Upside 19.2%
Cash Flow
Operating Cash Flow $-96.3M
Free Cash Flow $-107.04M
Adj. Free Cash Flow $-116.94M
FCF Per Share -$1.52
OCF Per Share -$1.37
OCF/S Ratio -62.5%
Income Statement
Revenue $154.14M
Gross Profit $-49.92M
Operating Income $-108.07M
EBITDA $-143.11M
Net Income $-176.42M
EPS (Diluted) -$3.43
Revenue / Employee $363.53K
Profit / Employee $-416.09K
Employees 424
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