FuelCell Energy, Inc.
Instead, such statements are based only on our beliefs, expectations, and assumptions regarding the future. Such statements relate to, among other things, the following: the development and commercialization by FuelCell Energy, Inc. and its subsidiaries ( FuelCell Energy, Company, we, us and our ) of fuel cell technology and products and the market for such products, the expected timing of comp…
$11.11
-$0.47 (-4.06%)
EOD Oct 23, 2026
The business is unprofitable at the operating level (-116.25% margin). The case rests on reaching sustained profitability.
Revenue up 41.0% in the fiscal year ended Oct 2025 with margins expanding 19.7pp.
ROIC fell 3.5 points in the fiscal year ended Oct 2025, capital efficiency is deteriorating. Negative free cash flow of -$101M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$154M
▲ +41.0% YoY
Net Income (TTM)
-$175M
▼ -49.1% YoY
Op. Margin
-116.25%
▲ +19.7pp YoY
ROIC
-15.52%
▼ -3.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$101M
▲ +28.3% YoY
Op. Cash Flow (TTM)
-$96M
▲ +18.1% YoY
Net Debt
-$492M
Net Cash Position
Cash & Equiv.
$658M
5Y CAGR: +17.4%
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SourceComputed from the 10-Q filed 27 Aug 2026, covering the period ending 31 Jul 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Price from market data, last close as of 23 Oct 2026. Fiscal year ends Oct. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is FuelCell Energy (FCEL) overvalued?
FuelCell Energy (FCEL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, FuelCell Energy scores 18/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is FuelCell Energy a high-quality business?+
FuelCell Energy scores 18 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -116.3% operating margin and a -15.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is FuelCell Energy a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh FCEL's valuation and scores 18/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
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Spot a number that looks wrong? Check it in FCEL's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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