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NASDAQ · Electrical Equipment & Parts · USD

FuelCell Energy, Inc. (FCEL) Stock Analysis

FuelCell Energy, Inc. (FCEL) is a Electrical Equipment & Parts stock listed on NASDAQ and quoted in US Dollar.

FCEL

$14.95

+$0.28 (+1.91%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FCEL Key Statistics

As of Sep 4, 2026
Trading
Open
$14.52
Previous Close
$14.67
Day's Range
14.50–15.09
52-Week Range
3.81–37.88
Volume
5.84M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.35
Valuation
Market Cap
$1.20B
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.36
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
7.75
EPS (ttm)Profit attributable to each share over the last twelve months.
−2.76
Financials (FY)
Revenue (FY)
$158.16M+41.05%
Net Income (FY)
−$187.90M
Profit marginThe share of revenue left as profit after all costs and taxes.
−113.60%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
79.95M
1-Year Return
+281.38%
Dividend and dates
Avg Volume
11.18M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

FCEL Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+104.51%
2025−19.14%
2024−81.17%
2023−42.45%
2022−46.54%
2021−53.45%
2020+345.02%
2019−61.97%
2018−67.65%
2017−2.86%
2016 (partial year)−67.59%

As of September 4, 2026.

FCEL Revenue and Earnings by Fiscal Year

FY ends October
Fiscal yearRevenueNet incomeNet margin
2025$158.16M−$187.90M−118.8%
2024$112.13M−$126.01M−112.4%
2023$123.39M−$107.57M−87.2%
2022$130.48M−$142.72M−109.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$158.16M−$26.41M−$121.23M−$187.90M−118.8%
2024$112.13M−$35.92M−$155.93M−$126.01M−112.4%
2023$123.39M−$10.54M−$136.08M−$107.57M−87.2%
2022$130.48M−$29.58M−$143.72M−$142.72M−109.4%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

FCEL Valuation vs Electrical Equipment & Parts Median

Median of 55 stocks
MetricFCELElectrical Equipment & Parts medianvs median
P/S ratio7.751.934.0x the median
Profit margin−113.60%0.00%113.6 pts below

Medians across 55 Electrical Equipment & Parts stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 16 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values FuelCell Energy, Inc. (FCEL) at $1.20B. It is classified in the Electrical Equipment & Parts industry, within the Industrials sector. The company reports 424 employees.

The 52-week range on file runs from $3.81 to $37.88. FCEL last closed at $14.95 on September 4, 2026. That is +$0.28 (+1.91%) against the previous close. The latest close sits 292.39% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $158.16M. That is +41.05% against the prior fiscal year, when revenue was $112.13M. The same year closed with a net loss of $187.90M. The reported profit margin is −113.6%. That is 113.6 percentage points below the Electrical Equipment & Parts median of 0%. Earnings per share on a trailing basis come to −2.76.

Across the 4 fiscal years on file, revenue moves from $130.48M in 2022 to $158.16M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.36. The price-to-sales ratio is 7.75. On price-to-sales that is 4 times the Electrical Equipment & Parts median of 1.93. 55 Electrical Equipment & Parts companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 2.36. Annualized volatility over the trailing 10 years is 125.17%. Over the trailing twelve months the price has returned +281.38%. Across 10 years the annualized return works out at −38.40%.

Growth & Income

No dividend is on file for FCEL.

2026 is still running; the price is +104.51% year to date. Across the complete calendar years on file, 2020 returned +345.02% and 2024 returned −81.17%. Of the 9 complete calendar years on file, 1 finished higher.

Peer Comparison

FuelCell Energy, Inc. (FCEL) operates in the Electrical Equipment & Parts industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
FuelCell Energy, Inc. FCEL $1.20B —
Vertiv Holdings Co VRT $108.00B 61.0
Bloom Energy Corporation BE $74.48B 304.7
nVent Electric plc NVT $25.25B 43.3

The Electrical Equipment & Parts industry average P/E ratio is 39.0x. FuelCell Energy, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About 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.

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