FUELCELL ENERGY INC (FCEL) Fundamental Analysis & Valuation

NASDAQ:FCEL • US35952H7008

Current stock price

6.71 USD
+0.12 (+1.82%)
At close:
6.67 USD
-0.04 (-0.6%)
Pre-Market:

This FCEL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. FCEL Profitability Analysis

1.1 Basic Checks

  • In the past year FCEL has reported negative net income.
  • In the past year FCEL has reported a negative cash flow from operations.
  • In the past 5 years FCEL always reported negative net income.
  • FCEL had a negative operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100M -200M -300M -400M -500M

1.2 Ratios

  • FCEL's Return On Assets of -18.97% is in line compared to the rest of the industry. FCEL outperforms 46.74% of its industry peers.
  • Looking at the Return On Equity, with a value of -24.60%, FCEL is in line with its industry, outperforming 55.43% of the companies in the same industry.
Industry RankSector Rank
ROA -18.97%
ROE -24.6%
ROIC N/A
ROA(3y)-15.26%
ROA(5y)-14.64%
ROE(3y)-19.8%
ROE(5y)-18.77%
ROIC(3y)N/A
ROIC(5y)N/A
FCEL Yearly ROA, ROE, ROICFCEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

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5

2. FCEL Health Analysis

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.
  • FCEL has a better debt/assets ratio than last year.
FCEL Yearly Shares OutstandingFCEL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
FCEL Yearly Total Debt VS Total AssetsFCEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • FCEL has an Altman-Z score of -1.38. This is a bad value and indicates that FCEL is not financially healthy and even has some risk of bankruptcy.
  • FCEL's Altman-Z score of -1.38 is on the low side compared to the rest of the industry. FCEL is outperformed by 61.96% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that FCEL is not too dependend on debt financing.
  • FCEL's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. FCEL outperforms 69.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -1.38
ROIC/WACCN/A
WACC7.86%
FCEL Yearly LT Debt VS Equity VS FCFFCEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M

2.3 Liquidity

  • A Current Ratio of 7.96 indicates that FCEL has no problem at all paying its short term obligations.
  • FCEL has a Current ratio of 7.96. This is amongst the best in the industry. FCEL outperforms 90.22% of its industry peers.
  • FCEL has a Quick Ratio of 6.51. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
  • FCEL's Quick ratio of 6.51 is amongst the best of the industry. FCEL outperforms 90.22% of its industry peers.
Industry RankSector Rank
Current Ratio 7.96
Quick Ratio 6.51
FCEL Yearly Current Assets VS Current LiabilitesFCEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. FCEL Growth Analysis

3.1 Past

  • FCEL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.74%, which is quite impressive.
  • FCEL shows a strong growth in Revenue. In the last year, the Revenue has grown by 48.29%.
  • The Revenue has been growing by 17.41% on average over the past years. This is quite good.
EPS 1Y (TTM)43.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.48%
Revenue 1Y (TTM)48.29%
Revenue growth 3Y6.62%
Revenue growth 5Y17.41%
Sales Q2Q%60.71%

3.2 Future

  • FCEL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.51% yearly.
  • Based on estimates for the next years, FCEL will show a very strong growth in Revenue. The Revenue will grow by 31.75% on average per year.
EPS Next Y52.92%
EPS Next 2Y24.44%
EPS Next 3Y22.51%
EPS Next 5YN/A
Revenue Next Year9.87%
Revenue Next 2Y25.11%
Revenue Next 3Y34.38%
Revenue Next 5Y31.75%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FCEL Yearly Revenue VS EstimatesFCEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 100M 200M 300M 400M 500M
FCEL Yearly EPS VS EstimatesFCEL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 -200 -400 -600

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1

4. FCEL Valuation Analysis

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 20 40 60

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 5 10

4.3 Compensation for Growth

  • FCEL's earnings are expected to grow with 22.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.44%
EPS Next 3Y22.51%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FCEL Dividend Analysis

5.1 Amount

  • No dividends for FCEL!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

FCEL Fundamentals: All Metrics, Ratios and Statistics

FUELCELL ENERGY INC

NASDAQ:FCEL (3/23/2026, 8:00:03 PM)

Premarket: 6.67 -0.04 (-0.6%)

6.71

+0.12 (+1.82%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-09
Earnings (Next)06-04
Inst Owners43.15%
Inst Owner Change94.73%
Ins Owners0.21%
Ins Owner Change3.75%
Market Cap355.50M
Revenue(TTM)169.70M
Net Income(TTM)-185.63M
Analysts49.23
Price Target8.88 (32.34%)
Short Float %6.4%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.1
Dividend Growth(5Y)29.47%
DP-1.72%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.69%
Min EPS beat(2)22.05%
Max EPS beat(2)23.33%
EPS beat(4)3
Avg EPS beat(4)10.86%
Min EPS beat(4)-22.46%
Max EPS beat(4)23.33%
EPS beat(8)6
Avg EPS beat(8)6.99%
EPS beat(12)9
Avg EPS beat(12)9.93%
EPS beat(16)10
Avg EPS beat(16)0.58%
Revenue beat(2)1
Avg Revenue beat(2)-4.29%
Min Revenue beat(2)-29.11%
Max Revenue beat(2)20.52%
Revenue beat(4)2
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-29.11%
Max Revenue beat(4)20.52%
Revenue beat(8)5
Avg Revenue beat(8)-2.15%
Revenue beat(12)6
Avg Revenue beat(12)-1.94%
Revenue beat(16)8
Avg Revenue beat(16)-2.43%
PT rev (1m)0%
PT rev (3m)2.35%
EPS NQ rev (1m)12.15%
EPS NQ rev (3m)36.5%
EPS NY rev (1m)0%
EPS NY rev (3m)28.69%
Revenue NQ rev (1m)-2.6%
Revenue NQ rev (3m)-14.3%
Revenue NY rev (1m)-11.89%
Revenue NY rev (3m)-12.55%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.09
P/FCF N/A
P/OCF N/A
P/B 0.47
P/tB 0.47
EV/EBITDA N/A
EPS(TTM)-4.27
EYN/A
EPS(NY)-2.3
Fwd EYN/A
FCF(TTM)-2.49
FCFYN/A
OCF(TTM)-2.14
OCFYN/A
SpS3.2
BVpS14.25
TBVpS14.18
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -18.97%
ROE -24.6%
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)-15.26%
ROA(5y)-14.64%
ROE(3y)-19.8%
ROE(5y)-18.77%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 44.3%
Cap/Sales 10.7%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.96
Quick Ratio 6.51
Altman-Z -1.38
F-Score5
WACC7.86%
ROIC/WACCN/A
Cap/Depr(3y)587.67%
Cap/Depr(5y)470.18%
Cap/Sales(3y)128.2%
Cap/Sales(5y)105.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)43.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%61.48%
EPS Next Y52.92%
EPS Next 2Y24.44%
EPS Next 3Y22.51%
EPS Next 5YN/A
Revenue 1Y (TTM)48.29%
Revenue growth 3Y6.62%
Revenue growth 5Y17.41%
Sales Q2Q%60.71%
Revenue Next Year9.87%
Revenue Next 2Y25.11%
Revenue Next 3Y34.38%
Revenue Next 5Y31.75%
EBIT growth 1Y19.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.79%
EBIT Next 3Y27.64%
EBIT Next 5Y28.44%
FCF growth 1Y75.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y21.79%
OCF growth 3YN/A
OCF growth 5YN/A

FUELCELL ENERGY INC / FCEL Fundamental Analysis FAQ

What is the fundamental rating for FCEL stock?

ChartMill assigns a fundamental rating of 3 / 10 to FCEL.


Can you provide the valuation status for FUELCELL ENERGY INC?

ChartMill assigns a valuation rating of 1 / 10 to FUELCELL ENERGY INC (FCEL). This can be considered as Overvalued.


Can you provide the profitability details for FUELCELL ENERGY INC?

FUELCELL ENERGY INC (FCEL) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for FCEL stock?

The Earnings per Share (EPS) of FUELCELL ENERGY INC (FCEL) is expected to grow by 52.92% in the next year.