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FUELCELL ENERGY INC (FCEL) Stock Fundamental Analysis

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

6.64  -0.08 (-1.19%)

Premarket: 6.5644 -0.08 (-1.14%)

Fundamental Rating

3

Taking everything into account, FCEL scores 3 out of 10 in our fundamental rating. FCEL was compared to 94 industry peers in the Electrical Equipment industry. The financial health of FCEL is average, but there are quite some concerns on its profitability. While showing a medium growth rate, FCEL is valued expensive at the moment.


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 has a Return On Assets (-15.18%) which is in line with its industry peers.
FCEL has a Return On Equity (-19.82%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -15.18%
ROE -19.82%
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.
FCEL has a worse debt/assets ratio than last year.
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 -2.12. This is a bad value and indicates that FCEL is not financially healthy and even has some risk of bankruptcy.
FCEL has a worse Altman-Z score (-2.12) than 67.02% 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 -2.12
ROIC/WACCN/A
WACC6.83%
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

FCEL has a Current Ratio of 6.34. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of FCEL (6.34) is better than 91.49% of its industry peers.
FCEL has a Quick Ratio of 4.40. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
FCEL has a Quick ratio of 4.40. This is amongst the best in the industry. FCEL outperforms 88.30% of its industry peers.
Industry RankSector Rank
Current Ratio 6.34
Quick Ratio 4.4
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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5

3. Growth

3.1 Past

The earnings per share for FCEL have decreased strongly by -219.30% in the last year.
FCEL shows a decrease in Revenue. In the last year, the revenue decreased by -9.13%.
Measured over the past years, FCEL shows a quite strong growth in Revenue. The Revenue has been growing by 13.02% on average per year.
EPS 1Y (TTM)-219.3%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%14.76%
Revenue 1Y (TTM)-9.13%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%66.84%

3.2 Future

FCEL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.74% yearly.
FCEL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 30.97% yearly.
EPS Next Y8.24%
EPS Next 2Y9.01%
EPS Next 3Y15.74%
EPS Next 5YN/A
Revenue Next Year53.13%
Revenue Next 2Y30.15%
Revenue Next 3Y34.05%
Revenue Next 5Y30.97%

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

FCEL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 40 50

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

FCEL's earnings are expected to grow with 15.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.01%
EPS Next 3Y15.74%

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0

5. Dividend

5.1 Amount

No dividends for FCEL!.
Industry RankSector Rank
Dividend Yield N/A

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FUELCELL ENERGY INC

NASDAQ:FCEL (6/11/2025, 8:00:02 PM)

Premarket: 6.5644 -0.08 (-1.14%)

6.64

-0.08 (-1.19%)

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 Owners41.09%
Inst Owner Change-67.28%
Ins Owners0.34%
Ins Owner Change1.37%
Market Cap140.37M
Analysts49.23
Price Target8.84 (33.13%)
Short Float %24.07%
Short Ratio5.69
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.18
Dividend Growth(5Y)58.12%
DP-2.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.11%
Min EPS beat(2)-14.12%
Max EPS beat(2)11.91%
EPS beat(4)3
Avg EPS beat(4)3.12%
Min EPS beat(4)-14.12%
Max EPS beat(4)11.91%
EPS beat(8)6
Avg EPS beat(8)9.46%
EPS beat(12)7
Avg EPS beat(12)-2.84%
EPS beat(16)9
Avg EPS beat(16)-6.23%
Revenue beat(2)1
Avg Revenue beat(2)-11.15%
Min Revenue beat(2)-44.06%
Max Revenue beat(2)21.76%
Revenue beat(4)3
Avg Revenue beat(4)-4.16%
Min Revenue beat(4)-44.06%
Max Revenue beat(4)21.76%
Revenue beat(8)4
Avg Revenue beat(8)-2.84%
Revenue beat(12)6
Avg Revenue beat(12)-3.2%
Revenue beat(16)8
Avg Revenue beat(16)-3.73%
PT rev (1m)0%
PT rev (3m)-13.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.31%
EPS NY rev (1m)-1.74%
EPS NY rev (3m)2.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-29.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-12.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.23
P/FCF N/A
P/OCF N/A
P/B 0.2
P/tB 0.21
EV/EBITDA N/A
EPS(TTM)-7.28
EYN/A
EPS(NY)-5.11
Fwd EYN/A
FCF(TTM)-8.95
FCFYN/A
OCF(TTM)-6.64
OCFYN/A
SpS5.41
BVpS32.88
TBVpS32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.18%
ROE -19.82%
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-Score1
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 130.1%
Cap/Sales 42.68%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.34
Quick Ratio 4.4
Altman-Z -2.12
F-Score1
WACC6.83%
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 Y8.24%
EPS Next 2Y9.01%
EPS Next 3Y15.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.13%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%66.84%
Revenue Next Year53.13%
Revenue Next 2Y30.15%
Revenue Next 3Y34.05%
Revenue Next 5Y30.97%
EBIT growth 1Y6.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year52.04%
EBIT Next 3Y23.8%
EBIT Next 5Y18.69%
FCF growth 1Y-19.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.14%
OCF growth 3YN/A
OCF growth 5YN/A