FuelCell Energy Inc (FCEL)

Official site

INDUSTRIALS • ELECTRICAL EQUIPMENT & PARTS • NASDAQ

$14.09

-0.07 (-0.49%)

Market Cap: $1.04B

Last updated: Oct 16, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

35%(14/40)

Avg Surprise

-13.97%

Upcoming Estimates

Period ending Oct 31, 2026

EPS Consensus$-0.67

Range$-1.42 - $-0.40

4 analysts

Revenue Consensus

$24M

Range$18M - $29M

9 analysts

Period ending Jan 31, 2027

EPS Consensus$-0.23

Range$-0.26 - $-0.20

4 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$-0.41+42.7%

60d ago$-0.47+50.0%

30d ago$-0.31+23.8%

7d ago$-0.28+16.7%

Current$-0.23

Revenue Consensus

$55M

Range$38M - $65M

5 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Jan 31, 2027Jan 27EST	-	$-0.23	$-0.26 - $-0.20	-	-	4	1 0 30d	-
Oct 31, 2026Oct 26EST	-	$-0.67	$-1.42 - $-0.40	-	-	4	-	-
Jul 31, 2026Jul 26 Reported Sep 2, 2026Reported Sep 2	$-0.67	$-0.35	$-0.45 - $-0.32	-91.43%	Miss	3	1 0 30d	+34.3%
Apr 30, 2026Apr 26 Reported Jun 8, 2026Reported Jun 8	$-0.53	$-0.43	$-0.44 - $-0.43	-23.26%	Miss	2	1 0 30d	+69.7%
Jan 31, 2026Jan 26 Reported Mar 9, 2026Reported Mar 9	$-0.52	$-0.68	$-0.69 - $-0.67	+23.53%	Beat	3	1 0 30d	+63.9%
Oct 31, 2025Oct 25 Reported Dec 18, 2025Reported Dec 18	$-0.93	$-1.03	$-1.14 - $-0.92	+9.71%	Beat	2	2 0 30d	+53.3%
Jul 31, 2025Jul 25 Reported Sep 9, 2025Reported Sep 9	$-1.02	$-1.63	$-1.75 - $-1.51	+37.42%	Beat	2	1 1 30d	+47.4%
Apr 30, 2025Apr 25 Reported Jun 6, 2025Reported Jun 6	$-1.75	$-1.38	$-1.56 - $-1.10	-26.81%	Miss	3	0 1 30d	+16.7%
Jan 31, 2025Jan 25 Reported Mar 11, 2025Reported Mar 11	$-1.44	$-1.35	$-1.65 - $-1.18	-6.67%	Miss	3	1 1 30d	-15.2%
Oct 31, 2024Oct 24 Reported Dec 19, 2024Reported Dec 19	$-1.99	$-1.60	$-2.00 - $-1.20	-24.38%	Miss	3	No revisions (30d)	+15.3%
Jul 31, 2024Jul 24 Reported Sep 5, 2024Reported Sep 5	$-1.94	$-2.27	$-2.28 - $-2.26	+14.54%	Beat	8	No revisions (30d)	+31.0%
Apr 30, 2024Apr 24 Reported Jun 10, 2024Reported Jun 10	$-2.10	$-2.12	$-2.13 - $-2.11	+0.94%	Beat	8	No revisions (30d)	+22.2%
Jan 31, 2024Jan 24 Reported Mar 7, 2024Reported Mar 7	$-1.25	$-2.15	$-2.16 - $-2.14	+41.86%	Beat	8	No revisions (30d)	+16.7%
Oct 31, 2023Oct 23 Reported Dec 19, 2023Reported Dec 19	$-2.35	$-2.51	$-2.52 - $-2.50	+6.37%	Beat	9	No revisions (30d)	+28.8%
Jul 31, 2023Jul 23 Reported Sep 11, 2023Reported Sep 11	$-2.81	$-2.27	$-2.28 - $-2.26	-23.79%	Miss	9	No revisions (30d)	-17.1%
Apr 30, 2023Apr 23 Reported Jun 8, 2023Reported Jun 8	$-2.70	$-2.21	$-2.23 - $-2.20	-22.17%	Miss	9	1 0 30d	-14.4%
Jan 31, 2023Jan 23 Reported Mar 9, 2023Reported Mar 9	$-1.50	$-2.11	$-2.13 - $-2.09	+28.91%	Beat	7	No revisions (30d)	-5.6%
Oct 31, 2022Oct 22 Reported Dec 20, 2022Reported Dec 20	$-3.30	$-1.96	$-1.98 - $-1.93	-68.37%	Miss	8	No revisions (30d)	-4614.3%
Jul 31, 2022Jul 22 Reported Sep 8, 2022Reported Sep 8	$-2.40	$-1.85	$-1.87 - $-1.82	-29.73%	Miss	9	1 0 30d	-100.0%
Apr 30, 2022Apr 22 Reported Jun 9, 2022Reported Jun 9	$-2.36	$-1.56	$-1.58 - $-1.55	-51.28%	Miss	9	No revisions (30d)	-31.1%
Jan 31, 2022Jan 22 Reported Mar 10, 2022Reported Mar 10	$-1.42	$-1.42	$-1.44 - $-1.40	+0.00%	Beat	8	No revisions (30d)	+21.1%
Oct 31, 2021Oct 21 Reported Dec 29, 2021Reported Dec 29	$-0.07	$-0.04	$-0.04 - $-0.03	-75.00%	Miss	7	No revisions (30d)	+22.2%
Jul 31, 2021Jul 21 Reported Sep 14, 2021Reported Sep 14	$-1.20	$-1.60	$-1.62 - $-1.59	+25.00%	Beat	9	No revisions (30d)	+46.2%
Apr 30, 2021Apr 21 Reported Jun 10, 2021Reported Jun 10	$-1.80	$-1.40	$-1.41 - $-1.39	-28.57%	Miss	7	No revisions (30d)	-4.0%
Jan 31, 2021Jan 21 Reported Mar 16, 2021Reported Mar 16	$-1.80	$-1.35	$-1.36 - $-1.34	-33.33%	Miss	6	No revisions (30d)	-34.3%
Oct 31, 2020Oct 20 Reported Jan 21, 2021Reported Jan 21	$-0.09	$-0.04	$-0.09 - $0.07	-125.00%	Miss	6	No revisions (30d)	+25.0%
Jul 31, 2020Jul 20 Reported Sep 10, 2020Reported Sep 10	$-2.23	$-1.90	$-1.91 - $-1.90	-17.37%	Miss	3	No revisions (30d)	+58.7%
Apr 30, 2020Apr 20 Reported Jun 12, 2020Reported Jun 12	$-1.73	$-2.00	$-2.01 - $-1.99	+13.50%	Beat	3	No revisions (30d)	+97.2%
Jan 31, 2020Jan 20 Reported Mar 16, 2020Reported Mar 16	$-1.34	$-2.50	$-2.52 - $-2.49	+46.40%	Beat	3	No revisions (30d)	+98.9%
Oct 31, 2019Oct 19 Reported Jan 22, 2020Reported Jan 22	$-0.12	$-0.11	$-0.15 - $-0.07	-9.09%	Miss	3	No revisions (30d)	+94.7%
Jul 31, 2019Jul 19 Reported Sep 9, 2019Reported Sep 9	$-5.40	N/A	-	+82.94%	Beat	2	No revisions (30d)	+92.5%
Apr 30, 2019Apr 19 Reported Jun 17, 2019Reported Jun 17	$-61.80	$-55.20	$-55.84 - $-54.48	-11.96%	Miss	4	No revisions (30d)	+25.4%
Jan 31, 2019Jan 19 Reported Mar 7, 2019Reported Mar 7	$-118.80	$-63.36	$-63.42 - $-63.32	-87.50%	Miss	5	No revisions (30d)	-5110.5%
Oct 31, 2018Oct 18 Reported Jan 10, 2019Reported Jan 10	$-2.28	$-2.14	$-2.17 - $-2.12	-6.54%	Miss	5	No revisions (30d)	+96.3%
Jul 31, 2018Jul 18 Reported Sep 6, 2018Reported Sep 6	$-72.00	$-67.50	$-67.53 - $-67.48	-6.67%	Miss	5	No revisions (30d)	+35.5%
Apr 30, 2018Apr 18 Reported Jun 7, 2018Reported Jun 7	$-82.80	$-54.90	$-54.97 - $-54.86	-50.82%	Miss	5	No revisions (30d)	+30.2%
Jan 31, 2018Jan 18 Reported Mar 8, 2018Reported Mar 8	$-2.28	$-2.13	$-2.16 - $-2.07	-7.04%	Miss	4	No revisions (30d)	+98.2%
Oct 31, 2017Oct 17 Reported Jan 11, 2018Reported Jan 11	$-61.20	$-71.10	-	+13.92%	Beat	-	-	-1143.9%
Jul 31, 2017Jul 17 Reported Sep 7, 2017Reported Sep 7	$-111.60	$-82.80	-	-34.78%	Miss	-	-	-
Apr 30, 2017Apr 17 Reported Jun 8, 2017Reported Jun 8	$-118.62	$-97.20	-	-22.04%	Miss	-	-	-
Jan 31, 2017Jan 17 Reported Mar 9, 2017Reported Mar 9	$-125.75	$-114.00	-	-10.31%	Miss	-	-	-
Oct 31, 2016Oct 16 Reported Jan 12, 2017Reported Jan 12	$-4.92	$-4.47	-	-10.07%	Miss	-	-	-

Key Metrics

Valuation
P/E Ratio	-5.32	EV/EBITDA	N/A
Price/FCF	-9.81x	FCF Yield	-10.19%
Profitability
Profit Margin	-113.60%	Operating Margin	-141.40%
ROE	-21.40%	ROIC	-14.12%
Financial Health
Debt/Equity	0.02x	Interest Coverage	-15.87x
Current Ratio	8.67x	Quick Ratio	7.77x
Trading Statistics
Beta	2.46	Avg Volume	6.77M
52-Week High	$37.88	52-Week Low	$5.71

Technical Indicators Dashboard

Moving Averages

SMA 10$17.09

SMA 20$17.05

SMA 50$17.79

SMA 200$14.69

EMA 10$16.18

EMA 20$16.72

EMA 50$17.66

EMA 200$15.44

MACD

Line: -0.59Signal: -0.27Hist: -0.33

ADX

ADX: 10.4+DI: 21.0-DI: 31.9

Aroon & PSAR

Aroon Up72.0

Aroon Down100.0

PSAR$20.31

Bollinger Bands

Upper Band$20.08

Lower Band$14.02

%B Position3554%(Upper)

Band Width0.01

RSI (14-Day)

Neutral

38.6

Momentum Oscillators

Stoch %K7.9

Stoch %D12.2

Williams %R-88.1

ROC (10d)-15.0%

Momentum-2.48

CCI (20d)-205.0

MFI (14d)34.7

Volatility Measures

ATR (14d)$1.62(11.5%)

StdDev (20d)1.51

Hist Vol100.9%(High)

Volume Flow

VWAP$13.80

OBV127.7M

AD Line48.8M

CMF (20d)0.102

Volume Metrics

Avg Vol (20d)6.8M

Vol Ratio1.0x

VWMA (20d)$17.28

Pivot Points

R3$15.93

R2$15.49

R1$14.82

Pivot Point$14.38

S1$13.71

S2$13.27

S3$12.60

Advanced Oscillators

TSI-8.60

Ultimate Osc45.7

KST-15.02

Financial Data

Quarter	Jul 2026	Apr 2026	Jan 2026	Oct 2025	Jul 2025	Apr 2025	Jan 2025	Oct 2024	Jul 2024	Apr 2024	Jan 2024	Oct 2023
Total Revenue	$33.00M	$35.59M	$30.53M	$55.02M	$46.74M	$37.41M	$19.00M	$49.33M	$23.70M	$22.42M	$16.69M	$22.46M
Cost of Revenue	$57.50M	$48.52M	$36.39M	$61.65M	$51.88M	$46.84M	$24.20M	$60.24M	$29.90M	$29.49M	$28.42M	$23.93M
Gross Profit	$-24,503,000	$-12,929,000	$-5,857,000	$-6,632,000	$-5,134,000	$-9,438,000	$-5,204,000	$-10,917,000	$-6,202,000	$-7,074,000	$-11,725,000	$-1,464,000

Operating Expenses	$22.16M	$64.98M	$20.43M	$21.69M	$90.23M	$26.37M	$27.65M	$30.11M	$27.41M	$34.29M	$30.75M	$34.91M
R&D	$8.51M	$7.71M	$6.96M	$5.46M	$7.65M	$9.90M	$11.08M	$11.61M	$12.82M	$16.63M	$14.35M	$18.02M
SG&A	$13.65M	$14.71M	$13.47M	$15.18M	$14.07M	$16.47M	$15.03M	$15.95M	$14.60M	$17.66M	$16.40M	$16.89M
Operating Income	$-46,660,000	$-77,913,000	$-26,290,000	$-28,323,000	$-95,364,000	$-35,810,000	$-32,851,000	$-41,032,000	$-33,617,000	$-41,361,000	$-42,478,000	$-36,376,000

Interest Income	$3.57M	$2.49M	$2.53M	$1.96M	$2.14M	$1.82M	$2.39M	$2.99M	$3.27M	$3.39M	$4.07M	$4.73M
Interest Expense	$2.90M	$2.86M	$2.76M	$2.67M	$2.55M	$2.55M	$2.61M	$2.52M	$2.56M	$2.27M	$2.34M	$2.32M
Income Before Tax	$-45,283,000	$-77,679,000	$-26,051,000	$-29,328,000	$-91,856,000	$-37,665,000	$-32,386,000	$-39,577,000	$-35,121,000	$-37,656,000	$-44,399,000	$-29,458,000
Income Tax Expense	$0	$-50,000	$0	$0	$40,000	$84,000	$0	$0	$2,000	$0	$0	$0

Net Income	$-45,283,000	$-77,629,000	$-26,051,000	$-29,341,000	$-91,896,000	$-37,749,000	$-32,386,000	$-39,600,000	$-35,123,000	$-37,656,000	$-44,399,000	$-29,458,000

EBITDA	$-35,846,000	$-65,763,000	$-14,639,000	$-18,203,000	$-81,121,000	$-25,465,000	$-21,620,000	$-30,696,000	$-26,045,000	$-28,684,000	$-36,983,000	$-24,497,000
EBIT	$-45,953,000	$-77,308,000	$-25,820,000	$-28,609,000	$-91,452,000	$-36,942,000	$-32,167,000	$-40,049,000	$-35,835,000	$-38,771,000	$-46,128,000	$-31,868,000

* Some calculated fields are derived from available data when not provided by source

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News

FuelCell Energy CFO Matthew O'Neil Latino Submits Initial Ownership Disclosure

FuelCell Energy's Executive Vice President, CFO, and Treasurer, Matthew O'Neil Latino, has filed an initial beneficial ownership statement. The filing, submitted on October 16, 2026...

Kalkine Media•Oct 16, 2026 9:40 PM ET10/16/26•Neutral

[Form 3] FUELCELL ENERGY INC Initial Statement of Beneficial Ownership

This article reports on a Form 3 filing by FuelCell Energy Inc. (FCEL), an "Initial Statement of Beneficial Ownership" for Matthew O'Neil Latino, EVP, CFO and Treasurer. The filing, accepted by the SEC on October 16...

Stock Titan•Oct 16, 2026 5:40 PM ET10/16/26•Neutral

FuelCell Energy Inc. stock falls Friday, underperforms market

FuelCell Energy Inc. (FCEL) stock decreased by 7.74% on Friday, closing at $13.00, significantly underperforming the broader market. This drop occurred during a negative trading session where the NASDAQ Composite Index...

MarketWatch•Oct 16, 2026 3:40 PM ET10/16/26•Bearish

FCEL INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announc

Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against FuelCell Energy, Inc. (NASDAQ:FCEL) on behalf of shareholders who suffered losses between June 24, 2026, and September 1...

The National Law Review•Oct 16, 2026 1:40 PM ET10/16/26•Bearish

A trustee reports a passive stake above 5% in FuelCell Energy (FCEL).

Alex Meruelo, as trustee of the Alex Meruelo Living Trust, has reported a beneficial ownership of 7.5% in FuelCell Energy Inc. (FCEL), totaling 6,001,029 shares as of October 13...

Stock Titan•Oct 15, 2026 5:10 PM ET10/15/26•Neutral

FCEL Valuation and Fair Value

P/E: -5.3x
Forward P/E: 17.1x
P/FCF: -9.8x
PEG: 0.4x
P/B: 1.0x

See GNG's fair value

FCEL Profitability: Margins, ROIC and FCF

Gross margin: -32.4%
Operating margin: -141.4%
Net margin: -113.6%
ROIC: -14.1%
ROE: -21.4%
FCF margin: -65.6%
FCF yield: -10.2%

FCEL Competitors

Company	Ticker
Marten Transport Ltd	MRTN
Ameresco Inc	AMRC
AEVEX Corp.	AVEX
BrightView Holdings	BV
Deluxe Corporation	DLX
Resolute Holdings Management, Inc.	RHLD
National Presto Industries Inc	NPK
Kforce Inc.	KFRC

Sector: Industrials

FCEL Analyst Ratings

Consensus: Hold
Analysts: 12
Strong Buy: 0
Buy: 6
Hold: 4
Sell: 1
Strong Sell: 1

FCEL Bull Case vs Bear Case

Bear case

FCEL has a -113.6% net profit margin.
FCEL beat EPS estimates in 37.5% of its last 8 reported quarters.
FCEL's quarterly revenue changed -29.4% year over year.

FCEL Earnings: Beat Rate and Next Report

Beat rate: 3 of 8 quarters (37.5%)
Average surprise: -12.7%
EPS estimate (fiscal period ending Oct 31, 2026): $-0.67

Frequently Asked Questions About FCEL

Does FCEL pay dividends?

FuelCell Energy Inc (FCEL) does not currently pay a regular dividend.

What is FCEL's market cap?

FuelCell Energy Inc (FCEL) has a market capitalization of $1.04B with a current stock price of $14.09.

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