FuelCell Energy, Inc.

FuelCell Energy, Inc.

FCELยทNASDAQ

$21.81

-11%
IndustrialsElectrical Equipment & Parts

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; solid oxide fuel cell/solid oxide electrolysis cell stack technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. In addition, it provides engineering, procurement, and construction services; project financing services; and real-time monitoring and remote operation, online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment/recycling services, as well as technical services in the areas of plant operation and performance, and fuel processing. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

At a Glance

Live Snapshot
Market Cap$1.16B
EPS-7.4200
P/E Ratio-2.94
Earnings Date06/05/2026
3Y+21.0%
5Y+123.0%
10Y+46.0%
3Y+32.0%
5Y+111.0%
10Y+269.0%
3Y+12.0%
5Y+241.0%
10Y+169.0%
FuelCell Energy, Inc.

FuelCell Energy, Inc. Profit Bridge

FCEL ยท NASDAQ
Revenue158.16M
Cost of Goods Sold (184.57M)
Gross Profit-26.41M
Operating Expenses (94.82M)
Operating Income-121.23M
Interest Expense (10.38M)
Other Income/Expense-70.00M
Pretax Income-191.24M
Income Tax (137.00K)
Net Income-187.90M
Net Income
-187.90M

Profitability Analysis

Gross Margin

-16.7%

Negative gross margin indicates the company is losing money on each saleโ€”unsustainable long-term.

Operating Margin

-76.6%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-118.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

FuelCell Energy, Inc. Income Statement

FCEL โ€ข NASDAQ

FuelCell Energy, Inc. Income StatementOct 2025Oct 2024Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009Oct 2008Oct 2007Oct 2006
REVENUE
158.2M
112.1M
123.4M
130.5M
69.6M
70.9M
60.8M
89.4M
95.7M
108.3M
163.1M
180.3M
187.7M
120.6M
122.6M
69.8M
88M
100.7M
48.2M
33.3M
GROSS PROFIT
(184.6M)
(148.1M)
(133.9M)
(160.1M)
(85.2M)
(78.6M)
(82M)
(86.3M)
(92.9M)
(108.6M)
(150.3M)
(166.6M)
(180.5M)
(120.2M)
(135.2M)
(88.4M)
(118.2M)
(150.1M)
(75.3M)
(71.9M)
-26.4M
-35.9M
-10.5M
-29.6M
-15.6M
-7.7M
-21.3M
3.1M
2.7M
-357K
12.8M
13.7M
7.1M
445K
-12.6M
-18.7M
-30.2M
-49.4M
-27M
-38.6M
OPERATING INCOME
(94.8M)
(120M)
(125.5M)
(114.1M)
(49.3M)
(31.4M)
(45.7M)
(47.7M)
(46.3M)
(46M)
(41.7M)
(41M)
(36.9M)
(32.6M)
(33.1M)
(35.7M)
(36.7M)
(43.4M)
(46.1M)
(42.5M)
(60.7M)
(64.6M)
(64.5M)
(79.6M)
(37.9M)
(26.6M)
(31.9M)
(24.9M)
(25.9M)
(25.2M)
(24.2M)
(22.8M)
(21.2M)
(18.2M)
(16.3M)
(17.2M)
(17.4M)
(20M)
(18.6M)
(17.8M)
(34.1M)
(55.4M)
(61M)
(34.5M)
(11.3M)
(4.8M)
(13.8M)
(22.8M)
(20.4M)
(20.8M)
(17.4M)
(18.2M)
(15.7M)
(14.4M)
(16.8M)
(18.6M)
(19.3M)
(23.5M)
(27.5M)
(24.7M)
-121.2M
-155.9M
-136.1M
-143.7M
-64.9M
-39.2M
-66.9M
-44.6M
-44.9M
-46.4M
-28.9M
-27.3M
-29.8M
-32.1M
-45.7M
-54.4M
-67M
-92.8M
-73.1M
-81M
PRE-TAX INCOME
(10.4M)
(9.7M)
(7.2M)
(6.4M)
(7.4M)
(15.3M)
(10.6M)
(9.1M)
(9.2M)
(5M)
(3M)
(3.6M)
(4M)
(2.3M)
(2.6M)
(127K)
(265K)
(0.0)
(0.0)
(0.0)
-2.1M
4M
8.5M
-3M
-7.3M
-15.3M
-10.6M
-9.1M
-9.2M
-5M
-3M
-3.6M
-4M
-2.3M
-2.6M
1.2M
595K
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(93K)
(0.0)
(247K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-70M
-827K
28.6M
-2.7M
-36.1M
-49.9M
-10.5M
-5.7M
-8.9M
-4.3M
-518K
-11.1M
-5.1M
-3.7M
-184K
-1.4M
-2.3M
1.3M
4.5M
4.8M
-191.2M
-156.8M
-107.5M
-146.4M
-101M
-89.1M
-77.5M
-50.3M
-53.9M
-50.7M
-29.4M
-38.4M
-34.9M
-35.8M
-45.9M
-56.2M
-69.3M
-91.5M
-68.7M
-76.2M
NET INCOME
(137K)
(25K)
(581K)
(819K)
(2K)
(46K)
(109K)
-3M
(44K)
(519K)
(274K)
(488K)
(371K)
(69K)
(113K)
(91K)
(2.3M)
(556K)
(0.0)
-4.7M
-187.9M
-126M
-107.6M
-142.7M
-101M
-89.1M
-77.6M
-47.3M
-53.9M
-51M
-29.4M
-38.1M
-34.4M
-35.5M
-45.7M
-53.3M
-69.3M
-93.4M
-68.7M
-76.1M

SEC Filings

FCEL - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 21, 2026
May 19, 2026
2026
8-K

8-K 2026

N/A

April 06, 2026
April 02, 2026
2026
10-Q

10-Q 2026 Q1

Q1

March 09, 2026
January 31, 2026
2026
8-K

8-K 2026

N/A

March 09, 2026
March 09, 2026
2026
DEF 14A

DEF 14A 2026

N/A

February 18, 2026
April 02, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 03, 2026
2026
8-K

8-K 2026

N/A

January 07, 2026
January 05, 2026
2026
8-K

8-K 2025

N/A

December 30, 2025
December 30, 2025
2025
8-K

8-K 2025

N/A

December 18, 2025
December 18, 2025
2025
10-K

10-K 2025 FY

FY

December 18, 2025
October 31, 2025
2025
Showing 1 to 10 of 591 filings