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FUELCELL ENERGY INC (FCEL) Stock Fundamental Analysis

NASDAQ:FCEL - Nasdaq - US35952H7008 - Common Stock - Currency: USD

5.5  +0.18 (+3.38%)

After market: 5.5 0 (0%)

Fundamental Rating

3

FCEL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 94 industry peers in the Electrical Equipment industry. While FCEL seems to be doing ok healthwise, there are quite some concerns on its profitability. FCEL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

FCEL had negative earnings in the past year.
In the past year FCEL has reported a negative cash flow from operations.
FCEL had negative earnings in each of the past 5 years.
In the past 5 years FCEL always reported negative operating cash flow.
FCEL Yearly Net Income VS EBIT VS OCF VS FCFFCEL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M -500M

1.2 Ratios

FCEL's Return On Assets of -16.25% is in line compared to the rest of the industry. FCEL outperforms 52.13% of its industry peers.
FCEL has a Return On Equity (-21.47%) which is in line with its industry peers.
Industry RankSector Rank
ROA -16.25%
ROE -21.47%
ROIC N/A
ROA(3y)-13.6%
ROA(5y)-14.07%
ROE(3y)-17.52%
ROE(5y)-20.74%
ROIC(3y)N/A
ROIC(5y)N/A
FCEL Yearly ROA, ROE, ROICFCEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for FCEL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FCEL Yearly Profit, Operating, Gross MarginsFCEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

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5

2. Health

2.1 Basic Checks

FCEL does not have a ROIC to compare to the WACC, probably because it is not profitable.
FCEL has more shares outstanding than it did 1 year ago.
FCEL has less shares outstanding than it did 5 years ago.
The debt/assets ratio for FCEL is higher compared to a year ago.
FCEL Yearly Shares OutstandingFCEL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FCEL Yearly Total Debt VS Total AssetsFCEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

FCEL has an Altman-Z score of -2.32. This is a bad value and indicates that FCEL is not financially healthy and even has some risk of bankruptcy.
FCEL has a Altman-Z score of -2.32. This is in the lower half of the industry: FCEL underperforms 69.15% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that FCEL is not too dependend on debt financing.
FCEL has a Debt to Equity ratio of 0.16. This is in the better half of the industry: FCEL outperforms 63.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -2.32
ROIC/WACCN/A
WACC6.54%
FCEL Yearly LT Debt VS Equity VS FCFFCEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

2.3 Liquidity

A Current Ratio of 5.62 indicates that FCEL has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.62, FCEL belongs to the best of the industry, outperforming 90.43% of the companies in the same industry.
FCEL has a Quick Ratio of 3.82. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.82, FCEL belongs to the best of the industry, outperforming 87.23% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.62
Quick Ratio 3.82
FCEL Yearly Current Assets VS Current LiabilitesFCEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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6

3. Growth

3.1 Past

FCEL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -219.30%.
FCEL shows a strong growth in Revenue. In the last year, the Revenue has grown by 48.62%.
The Revenue has been growing by 13.02% on average over the past years. This is quite good.
EPS 1Y (TTM)-219.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%14.76%
Revenue 1Y (TTM)48.62%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%66.84%

3.2 Future

The Earnings Per Share is expected to grow by 15.27% on average over the next years. This is quite good.
The Revenue is expected to grow by 37.87% on average over the next years. This is a very strong growth
EPS Next Y4.63%
EPS Next 2Y10.22%
EPS Next 3Y15.27%
EPS Next 5YN/A
Revenue Next Year50.58%
Revenue Next 2Y43.19%
Revenue Next 3Y44.62%
Revenue Next 5Y37.87%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FCEL Yearly Revenue VS EstimatesFCEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
FCEL Yearly EPS VS EstimatesFCEL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 -200 -400 -600

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FCEL. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FCEL. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FCEL Price Earnings VS Forward Price EarningsFCEL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FCEL Per share dataFCEL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

A more expensive valuation may be justified as FCEL's earnings are expected to grow with 15.27% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.22%
EPS Next 3Y15.27%

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0

5. Dividend

5.1 Amount

FCEL does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FUELCELL ENERGY INC

NASDAQ:FCEL (7/3/2025, 7:22:13 PM)

After market: 5.5 0 (0%)

5.5

+0.18 (+3.38%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)06-06 2025-06-06/bmo
Earnings (Next)09-03 2025-09-03/amc
Inst Owners37.84%
Inst Owner Change-67.28%
Ins Owners0.32%
Ins Owner Change0.22%
Market Cap116.27M
Analysts49.23
Price Target7.53 (36.91%)
Short Float %16.64%
Short Ratio2.23
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.18
Dividend Growth(5Y)58.12%
DP-2.23%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.28%
Min EPS beat(2)-22.46%
Max EPS beat(2)11.91%
EPS beat(4)2
Avg EPS beat(4)-5%
Min EPS beat(4)-22.46%
Max EPS beat(4)11.91%
EPS beat(8)6
Avg EPS beat(8)8.77%
EPS beat(12)7
Avg EPS beat(12)-0.79%
EPS beat(16)9
Avg EPS beat(16)-6.34%
Revenue beat(2)1
Avg Revenue beat(2)-15.46%
Min Revenue beat(2)-44.06%
Max Revenue beat(2)13.14%
Revenue beat(4)3
Avg Revenue beat(4)-1.62%
Min Revenue beat(4)-44.06%
Max Revenue beat(4)21.76%
Revenue beat(8)4
Avg Revenue beat(8)-7.14%
Revenue beat(12)7
Avg Revenue beat(12)2.12%
Revenue beat(16)9
Avg Revenue beat(16)-1.19%
PT rev (1m)-14.81%
PT rev (3m)-27.67%
EPS NQ rev (1m)-3.95%
EPS NQ rev (3m)-3.95%
EPS NY rev (1m)-3.94%
EPS NY rev (3m)-7.09%
Revenue NQ rev (1m)-8.7%
Revenue NQ rev (3m)-12.9%
Revenue NY rev (1m)-1.67%
Revenue NY rev (3m)-13.71%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.9
P/FCF N/A
P/OCF N/A
P/B 0.17
P/tB 0.18
EV/EBITDA N/A
EPS(TTM)-7.28
EYN/A
EPS(NY)-4.94
Fwd EYN/A
FCF(TTM)-8.2
FCFYN/A
OCF(TTM)-6.3
OCFYN/A
SpS6.12
BVpS31.65
TBVpS30.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -16.25%
ROE -21.47%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-13.6%
ROA(5y)-14.07%
ROE(3y)-17.52%
ROE(5y)-20.74%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 103.25%
Cap/Sales 31.02%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.62
Quick Ratio 3.82
Altman-Z -2.32
F-Score4
WACC6.54%
ROIC/WACCN/A
Cap/Depr(3y)642.18%
Cap/Depr(5y)492.58%
Cap/Sales(3y)135.37%
Cap/Sales(5y)111.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-219.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%14.76%
EPS Next Y4.63%
EPS Next 2Y10.22%
EPS Next 3Y15.27%
EPS Next 5YN/A
Revenue 1Y (TTM)48.62%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%66.84%
Revenue Next Year50.58%
Revenue Next 2Y43.19%
Revenue Next 3Y44.62%
Revenue Next 5Y37.87%
EBIT growth 1Y14.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year52.04%
EBIT Next 3Y23.8%
EBIT Next 5Y19.41%
FCF growth 1Y8.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.22%
OCF growth 3YN/A
OCF growth 5YN/A