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Company price
10.18 USD -0.77 ( 7.03%)
Last update at 2026-11-12T15:22:00Z
VOLUME
789645
Market Cap
502.76M

Momentum Score

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FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers, wastewater treatment, commercial and hospitality, and microgrids; and industrial, commercial, municipal, and government customers, including manufacturing facilities, pharmaceutical processing facilities, universities, and healthcare facilities. The company primarily operates in the United States, South Korea, Europe, and Canada. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

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Day Price Range
9.96
Low
10.50
High
52 Week Price Range
3.58
Low
11.99
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

FuelCell Energy develops and sells stationary fuel cell power plants and related services that generate low‑emission electricity and can integrate carbon‑capture and hydrogen solutions for industrial and utility customers. Major long-term growth drivers include global decarbonization efforts, demand for firm low‑carbon power and potential support from government clean‑energy incentives, which may benefit project pipelines and revenue scaling. Investors may find exposure to its niche fuel‑cell technology attractive as part of the clean‑energy transition.
Material investment risks include a history of operating losses, substantial execution and project-development risk, reliance on government incentives and offtake agreements, and ongoing financing and supply‑chain challenges.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
10.95
Dividend Yield
-
Revenue TTM
169.70M
Revenue Per Share
5.19
Gross Profit TTM
-27.06M
Debt / Equity
0.20
ROE
-25.19%
Net Debt
-134.14M
ROCE
-20.93%
Diluted EPS TTM
-6.49

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Income before tax -191.24M -156.75M -107.47M -146.41M -101.02M
Minority interest 3.47M 30.77M 0.49M -4.51M 0.03M
Net income -187.90M -126.01M -107.57M -147.23M -101.03M
Selling general administrative 60.74M 64.60M 64.53M 79.62M 37.95M
Gross profit -26.41M -35.92M -10.54M -29.57M -15.64M
Reconciled depreciation 40.40M 36.19M 25.38M 21.27M 19.87M
Ebit -180.86M -147.06M -100.23M -143.72M -64.90M
Ebitda -140.46M -110.87M -74.85M -140.02M -65.60M
Depreciation and amortization 40.40M 36.19M 25.38M 3.71M -0.69M
Non operating income net other - - - 3.71M -27.82M
Operating income -121.23M -155.93M -136.08M -143.72M -64.90M
Other operating expenses 279.39M 268.06M 259.48M 274.21M 134.49M
Interest expense 10.38M 9.69M 7.25M 6.39M 7.36M
Tax provision 0.14M 0.03M 0.58M 0.82M 0.00M
Interest income 8.31M 13.72M 15.79M - -
Net interest income -2.06M 4.03M 8.55M -6.39M -7.36M
Income tax expense 0.14M 0.03M 0.58M 0.82M 0.00M
Total revenue 158.16M 112.13M 123.39M 130.48M 69.58M
Total operating expenses 94.82M 120.01M 125.55M 114.15M 49.26M
Cost of revenue 184.57M 148.05M 133.93M 160.06M 85.22M
Total other income expense net -70.00M -0.83M 28.61M -2.69M -36.12M
Net income from continuing ops -191.37M -156.78M -108.06M -147.23M -101.03M
Net income applicable to common shares - - -110.77M -145.92M -104.25M
Preferred stock and other adjustments - - - 6.40M 6.40M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Total assets 932.15M 944.12M 955.52M 939.72M 875.25M
Intangible assets 3.89M 14.78M 16.08M 17.37M 18.67M
Other current assets 32.51M 24.90M 12.88M 10.99M 9.18M
Total liab 201.00M 216.66M 195.22M 185.33M 169.92M
Total stockholder equity 722.04M 716.78M 742.35M 744.25M 702.29M
Other current liab 31.32M 25.13M 26.31M 27.41M 16.10M
Common stock 0.01M 0.00M 0.04M 0.04M 0.04M
Capital stock 59.86M 59.86M 59.90M 59.90M 59.89M
Retained earnings -1829.45M -1641.55M -1515.54M -1407.97M -1265.25M
Other liab - - 10.92M 9.10M 30.43M
Good will 0.00M 4.08M 4.08M 4.08M 4.08M
Other assets - - 361.04M 272.66M 261.59M
Cash 278.10M 148.13M 249.95M 458.06M 432.21M
Total current liabilities 67.84M 73.90M 65.90M 85.80M 52.77M
Current deferred revenue 2.73M 4.23M 2.41M 16.34M 6.29M
Net debt -134.14M 8.34M -110.71M -353.77M -334.37M
Short term debt 16.78M 16.73M 10.67M 13.85M 11.12M
Short long term debt 15.85M 15.92M 10.07M 13.20M 10.09M
Short long term debt total 143.96M 156.47M 139.25M 104.29M 97.84M
Other stockholder equity 2493.32M 2300.03M 2199.66M 2094.08M 1908.47M
Property plant equipment - - 98.02M 58.14M 39.42M
Total current assets 449.81M 444.46M 476.31M 580.28M 543.39M
Net tangible assets - - 662.34M 725.83M 682.58M
Short term investments 0.00M 109.12M 103.76M - -
Net receivables 53.01M 48.60M 20.11M 15.90M 23.65M
Long term debt 115.23M 130.85M 119.59M 82.86M 78.63M
Inventory 86.20M 113.70M 84.46M 90.91M 67.07M
Accounts payable 17.01M 22.59M 26.52M 28.20M 19.27M
Noncontrolling interest in consolidated entity - - - 7.11M -
Accumulated other comprehensive income -1.70M -1.56M -1.67M -1.75M -0.82M
Common stock total equity - - - 0.04M 0.04M
Retained earnings total equity - - - -1407.97M -1265.25M
Treasury stock - - - - -0.59M
Non currrent assets other 153.93M 99.87M 361.04M 272.66M 261.59M
Non current assets total 482.34M 499.67M 479.21M 359.44M 331.86M
Capital lease obligations 12.89M 9.70M 9.59M 8.22M 9.12M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Investments 111.40M -60.05M -192.37M -46.65M -73.23M
Change to liabilities - - -19.30M 30.95M 2.31M
Total cashflows from investing activities 88.86M -60.05M -192.37M -46.65M -73.23M
Net borrowings -14.44M 11.40M 61.72M -9.54M -92.83M
Total cash from financing activities 169.26M 122.15M 151.07M 180.58M 411.91M
Change to operating activities - - -17.55M 22.52M -1.21M
Net income -191.37M -156.78M -108.06M -147.23M -101.03M
Change in cash 132.91M -90.69M -181.47M 20.83M 268.16M
Begin period cash flow 208.88M 299.58M 481.04M 460.21M 192.05M
End period cash flow 341.79M 208.88M 299.58M 481.04M 460.21M
Total cash from operating activities -125.29M -152.91M -140.25M -112.17M -70.44M
Issuance of capital stock 185.69M 92.56M 97.44M 183.55M 526.80M
Depreciation 40.40M 36.19M 25.38M 21.27M 19.87M
Other cashflows from investing activities 88.86M 823.41M - -25.57M -66.88M
Dividends paid 3.20M 3.20M 3.20M -3.20M -3.20M
Change to inventory 15.87M -29.25M 4.69M -28.06M -18.75M
Change to account receivables -58.39M -30.98M 1.08M 9.20M -5.17M
Sale purchase of stock - - 100.56M 11.92M -21.54M
Other cashflows from financing activities 1.17M 21.27M 4.10M 9.78M 8.49M
Change to netincome - - -5.05M 13.44M 36.38M
Capital expenditures 22.54M 59.55M 92.36M 46.65M 73.23M
Change receivables - - - 9.20M -5.17M
Cash flows other operating - - - -11.74M -4.05M
Exchange rate changes - - - - -0.08M
Cash and cash equivalents changes - - - 21.77M 268.16M
Change in working capital -49.79M -57.85M -53.01M -1.51M -31.94M
Stock based compensation 11.09M 11.76M 11.95M 6.79M 4.29M
Other non cash items 64.38M 13.76M 3.94M 8.51M 6.69M
Free cash flow -147.83M -212.46M -232.61M -158.82M -143.67M

Peer Comparison*

Sector: Industrials Industry: Electrical Equipment & Parts

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FCEL
FuelCell Energy Inc
-0.77
7.03%
10.18 - 17.06 2.96 0.72 2.43 3082.73
CYATY
Contemporary Amperex Technology Co., Limited
-0.39
3.19%
11.83 36.64 32.15 0.91 7.88 3.67 16.91
ABBNY
ABB Ltd
-0.68
0.80%
83.98 38.41 30.96 5.22 10.79 5.24 24.44
ABLZF
ABB Ltd
-
-%
84.15 33.82 23.15 4.71 10.45 4.77 22.47
BE
Bloom Energy Corp
-12.13
5.79%
197.34 332.50 53.48 24.54 46.97 24.35 216.72

Profile*

FuelCell Energy Inc

FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers, wastewater treatment, commercial and hospitality, and microgrids; and industrial, commercial, municipal, and government customers, including manufacturing facilities, pharmaceutical processing facilities, universities, and healthcare facilities. The company primarily operates in the United States, South Korea, Europe, and Canada. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

3 Great Pasture Road, Danbury, CT, United States, 06810

203 825 6000

424

Name Title Year Born
Mr. Jason B. Few Pres, CEO & Director 1967
Mr. Michael S. Bishop Exec. VP, CFO & Principal Accounting Officer 1968
Mr. Michael J. Lisowski Exec. VP & COO 1970
Mr. Anthony J. Leo Exec. VP & CTO 1957
Mr. Joshua Dolger Exec. VP, Gen. Counsel & Corp. Sec. 1975
Mr. Thomas Gelston Sr. VP of Fin. & Investor Relations NA
Ms. Betsy Schaefer Chief Marketing & Sustainability Officer NA
Mr. - Parimal Chief Strategy & Corp. Devel. Officer NA
Ms. Laura A. Marcero CPA, CIRA Chief Restructuring Officer 1975
Mr. Lee Sweigart Deputy Chief Restructuring Officer 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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