FUELCELL ENERGY INC (FCEL) Stock Fundamental Analysis

NASDAQ:FCEL • US35952H7008

8.095 USD
-0.97 (-10.75%)
Last: Feb 27, 2026, 02:42 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, FCEL scores 3 out of 10 in our fundamental rating. FCEL was compared to 91 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 valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

1

1. Profitability

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.
  • 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 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 -20.50% is in line compared to the rest of the industry. FCEL outperforms 45.05% of its industry peers.
  • FCEL has a Return On Equity of -26.47%. This is comparable to the rest of the industry: FCEL outperforms 54.95% of its industry peers.
Industry RankSector Rank
ROA -20.5%
ROE -26.47%
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

  • FCEL does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • FCEL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for FCEL has been increased compared to 1 year ago.
  • Compared to 5 years ago, FCEL has less shares outstanding
  • The debt/assets ratio for FCEL has been reduced compared to a year ago.
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 -1.27. 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 -1.27. This is comparable to the rest of the industry: FCEL outperforms 40.66% of its industry peers.
  • A Debt/Equity ratio of 0.14 indicates that FCEL is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.14, FCEL is in the better half of the industry, outperforming 70.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z -1.27
ROIC/WACCN/A
WACC7.76%
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 6.63 indicates that FCEL has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 6.63, FCEL belongs to the best of the industry, outperforming 89.01% of the companies in the same industry.
  • A Quick Ratio of 5.36 indicates that FCEL has no problem at all paying its short term obligations.
  • FCEL has a better Quick ratio (5.36) than 89.01% of its industry peers.
Industry RankSector Rank
Current Ratio 6.63
Quick Ratio 5.36
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

More info and screens

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

7

3. Growth

3.1 Past

  • FCEL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.11%, which is quite impressive.
  • FCEL shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.05%.
  • The Revenue has been growing by 17.41% on average over the past years. This is quite good.
EPS 1Y (TTM)34.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.29%
Revenue 1Y (TTM)41.05%
Revenue growth 3Y6.62%
Revenue growth 5Y17.41%
Sales Q2Q%11.54%

3.2 Future

  • Based on estimates for the next years, FCEL will show a very strong growth in Earnings Per Share. The EPS will grow by 22.51% on average per year.
  • The Revenue is expected to grow by 31.75% on average over the next years. This is a very strong growth
EPS Next Y52.92%
EPS Next 2Y24.44%
EPS Next 3Y22.51%
EPS Next 5YN/A
Revenue Next Year24.7%
Revenue Next 2Y30.15%
Revenue Next 3Y35.63%
Revenue Next 5Y31.75%

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 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

More info and screens

Find the best growth stocksShow best growing peers

1

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 20 40 60 80 100

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 -5 10 15

4.3 Compensation for Growth

  • A more expensive valuation may be justified as FCEL's earnings are expected to grow with 22.51% in the coming years.
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. Dividend

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

FUELCELL ENERGY INC

NASDAQ:FCEL (2/27/2026, 2:42:48 PM)

8.095

-0.97 (-10.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)12-18
Earnings (Next)03-09
Inst Owners24.83%
Inst Owner Change94.41%
Ins Owners0.18%
Ins Owner Change3.75%
Market Cap386.46M
Revenue(TTM)158.16M
Net Income(TTM)-191.10M
Analysts49.23
Price Target8.88 (9.7%)
Short Float %6.64%
Short Ratio1.25
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.1
Dividend Growth(5Y)29.47%
DP-1.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.93%
Min EPS beat(2)20.53%
Max EPS beat(2)23.33%
EPS beat(4)3
Avg EPS beat(4)8.33%
Min EPS beat(4)-22.46%
Max EPS beat(4)23.33%
EPS beat(8)6
Avg EPS beat(8)9.09%
EPS beat(12)9
Avg EPS beat(12)10.8%
EPS beat(16)10
Avg EPS beat(16)-0.38%
Revenue beat(2)1
Avg Revenue beat(2)7.7%
Min Revenue beat(2)-5.12%
Max Revenue beat(2)20.52%
Revenue beat(4)2
Avg Revenue beat(4)-3.88%
Min Revenue beat(4)-44.06%
Max Revenue beat(4)20.52%
Revenue beat(8)5
Avg Revenue beat(8)-2.43%
Revenue beat(12)7
Avg Revenue beat(12)2.93%
Revenue beat(16)9
Avg Revenue beat(16)0.43%
PT rev (1m)8.18%
PT rev (3m)11.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)25.8%
EPS NY rev (1m)0%
EPS NY rev (3m)32.54%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.75%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.44
P/FCF N/A
P/OCF N/A
P/B 0.54
P/tB 0.54
EV/EBITDA N/A
EPS(TTM)-5.1
EYN/A
EPS(NY)-2.4
Fwd EYN/A
FCF(TTM)-3.1
FCFYN/A
OCF(TTM)-2.62
OCFYN/A
SpS3.31
BVpS15.12
TBVpS15.04
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -20.5%
ROE -26.47%
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)-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 0.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 55.79%
Cap/Sales 14.25%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.63
Quick Ratio 5.36
Altman-Z -1.27
F-Score5
WACC7.76%
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)34.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.29%
EPS Next Y52.92%
EPS Next 2Y24.44%
EPS Next 3Y22.51%
EPS Next 5YN/A
Revenue 1Y (TTM)41.05%
Revenue growth 3Y6.62%
Revenue growth 5Y17.41%
Sales Q2Q%11.54%
Revenue Next Year24.7%
Revenue Next 2Y30.15%
Revenue Next 3Y35.63%
Revenue Next 5Y31.75%
EBIT growth 1Y22.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.77%
EBIT Next 3Y27.64%
EBIT Next 5Y28.44%
FCF growth 1Y30.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.06%
OCF growth 3YN/A
OCF growth 5YN/A

FUELCELL ENERGY INC / FCEL 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.