FuelCell Energy, Inc. (NASDAQ:FCEL)

FuelCell Energy, Inc. FCEL

Industrials - Electrical Equipment & Parts - NASDAQ - US

Watchlist

$ 6.16

-12.1 %

$ 126 M

Market Cap

-0.67

P/E

1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one FCEL stock under the base case scenario is HIDDEN Compared to the current market price of 6.16 USD, FuelCell Energy, Inc. is HIDDEN

FCEL Intrinsic Value
HIDDEN

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2. FUNDAMENTAL ANALYSIS

Price Chart FCEL

FINANCIALS

Annual
Quarterly

123 M REVENUE

Growth Rates

1Year -5.43%

3Years 20.30%

5Years 6.65%

7Years 1.89%

10Years -4.11%

-136 M OPERATING INCOME

Growth Rates

1Year 5.32%

3Years -51.46%

5Years -24.98%

7Years -16.63%

10Years -16.40%

-108 M NET INCOME

Growth Rates

1Year 26.61%

3Years -6.64%

5Years -17.95%

7Years -11.26%

10Years -11.83%

-140 M OPERATING CASH FLOW

Growth Rates

1Year -25.04%

3Years -56.23%

5Years -57.18%

7Years -17.05%

10Years -23.75%

-192 M INVESTING CASH FLOW

Growth Rates

1Year -312.35%

3Years -80.85%

5Years -30.28%

7Years -24.52%

10Years -41.00%

151 M FINANCING CASH FLOW

Growth Rates

1Year -16.34%

3Years -12.00%

5Years 40.37%

7Years 3.26%

10Years 13.22%

23.7 M REVENUE

Growth Rates

1Year -5.43%

3Years 20.30%

5Years 6.65%

7Years 1.89%

10Years -4.11%

-33.6 M OPERATING INCOME

Growth Rates

1Year 5.32%

3Years -51.46%

5Years -24.98%

7Years -16.63%

10Years -16.40%

-32.7 M NET INCOME

Growth Rates

1Year 26.61%

3Years -6.64%

5Years -17.95%

7Years -11.26%

10Years -11.83%

-63.4 M OPERATING CASH FLOW

Growth Rates

1Year -25.04%

3Years -56.23%

5Years -57.18%

7Years -17.05%

10Years -23.75%

8.43 M INVESTING CASH FLOW

Growth Rates

1Year -312.35%

3Years -80.85%

5Years -30.28%

7Years -24.52%

10Years -41.00%

61.1 M FINANCING CASH FLOW

Growth Rates

1Year -16.34%

3Years -12.00%

5Years 40.37%

7Years 3.26%

10Years 13.22%

Balance Sheet Decomposition FuelCell Energy, Inc.

956 M ASSETS
195 M LIABILITIES

Current Assets	476 M
Cash & Short-Term Investments	354 M
Receivables	20.1 M
Other Current Assets	102 M
Non-Current Assets	479 M
Long-Term Investments	0
PP&E	98 M
Other Non-Current Assets	381 M

Current Liabilities	65.9 M
Accounts Payable	26.5 M
Short-Term Debt	11.3 M
Other Current Liabilities	28.1 M
Non-Current Liabilities	129 M
Long-Term Debt	137 M
Other Non-Current Liabilities	-7.89 M

EFFICIENCY

Earnings Waterfall FuelCell Energy, Inc.

Revenue	123 M
Cost Of Revenue	134 M
Gross Profit	-10.5 M
Operating Expenses	126 M
Operating Income	-136 M
Other Expenses	-28 M
Net Income	-108 M

RATIOS

-8.54% GROSS MARGIN

Averages

1Year -8.54%

3Years -17.89%

5Years -19.92%

7Years -13.32%

10Years -7.82%

-110.28% OPERATING MARGIN

Averages

1Year -110.28%

3Years -104.57%

5Years -95.83%

7Years -82.29%

10Years -65.17%

-87.17% NET MARGIN

Averages

1Year -87.17%

3Years -115.06%

5Years -119.72%

7Years -101.12%

10Years -79.41%

-14.49% ROE

Averages

1Year -14.49%

3Years -16.22%

5Years -28.18%

7Years -28.03%

10Years -26.82%

-11.26% ROA

Averages

1Year -11.26%

3Years -12.82%

5Years -15.75%

7Years -15.24%

10Years -14.65%

-15.86% ROIC

Averages

1Year -15.86%

3Years -13.85%

5Years -15.22%

7Years -15.18%

10Years -15.58%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis FuelCell Energy, Inc.

Net Income	-108 M
Depreciation & Amortization	25.4 M
Capital Expenditures	-92.4 M
Stock-Based Compensation	12 M
Change in Working Capital	-53 M
Others	-78.3 M
Free Cash Flow	-233 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets FuelCell Energy, Inc.

Wall Street analysts predict an average 1-year price target for FCEL of $1.42 , with forecasts ranging from a low of $1.25 to a high of $1.5 .

FCEL Lowest Price Target Wall Street Target

1.25 USD -79.71%

FCEL Average Price Target Wall Street Target

1.42 USD -77.00%

FCEL Highest Price Target Wall Street Target

1.5 USD -75.65%

4. DIVIDEND ANALYSIS

0.01% DIVIDEND YIELD

7.99 USD DIVIDEND PER SHARE

5. COMPETITION

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally.

-15.7 USD

Overvalued 174.48%

Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.

-0.0271 USD

MVST

Overvalued 103.78%

Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States.

0 USD

SLDP

Overvalued 100.00%

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.

0.268 USD

ENVX

Overvalued 96.84%

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.

19.6 USD

PLUG

Undervalued 950.02%

FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally.

1.65 USD

FREY

Overvalued 21.21%

Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally.

-0.00895 USD

POLA

Overvalued 101.95%

Pioneer Power Solutions, Inc., together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally.

4.49 USD

PPSI

Overvalued 27.04%

Eos Energy Enterprises, Inc. designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States.

-0.00711 USD

EOSE

Overvalued 100.32%

6. Ownership

Insider Ownership FuelCell Energy, Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
2 years ago Nov 24, 2021	Sell 55.4 K USD	Bishop Michael S. EVP, CFO & Treasurer	- 6000	9.24 USD
3 years ago Apr 09, 2021	Sell 201 K USD	Groobey John Christopher Director	- 16000	12.56 USD
3 years ago Apr 05, 2021	Sell 102 K USD	Bishop Michael S. EVP, CFO & Treasurer	- 7000	14.56 USD
3 years ago Apr 06, 2021	Sell 108 K USD	Arasimowicz Jennifer D EVP, Gen. Counsel, CAO, Secy	- 8000	13.455 USD
3 years ago Mar 02, 2021	Sell 37.4 K USD	Arasimowicz Jennifer D EVP, Gen. Counsel, CAO, Secy	- 2000	18.69 USD
3 years ago Jan 25, 2021	Bought 198 K USD	Few Jason CEO	+ 11000	17.99 USD
5 years ago Nov 20, 2018	Bought 75.2 K USD	ROLLS JOHN A Director	+ 100000	0.752 USD
5 years ago Nov 20, 2018	Sell 71.1 K USD	ROLLS JOHN A Director	- 100000	0.7106 USD
6 years ago Jun 27, 2018	Bought 199 K USD	ROLLS JOHN A Director	+ 152000	1.31 USD
9 years ago Jun 30, 2015	Bought 101 K USD	ROLLS JOHN A Director	+ 100000	1.013 USD
9 years ago Jun 26, 2015	Bought 143 K USD	ROLLS JOHN A Director	+ 140000	1.024 USD

7. News

FuelCell Energy to cut 17% of its staff as part of a global restructuring plan FuelCell Energy's stock extend rocket-like bounce after restructuring plan announced that includes a 17% workforce reduction. marketwatch.com - 1 day ago

FuelCell Energy Announces Global Restructuring, Focusing Core Technologies on Distributed Power Generation, Grid Resiliency, and Data Center Growth DANBURY, Conn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) announced a global restructuring of its operations in the U.S., Canada, and Germany that aims to significantly reduce operating costs, realign resources toward advancing the company's core technologies, and protect the company's competitive position amid slower-than-expected investments in clean energy. globenewswire.com - 1 day ago

FuelCell Energy (FCEL) Loses -27.82% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner The heavy selling pressure might have exhausted for FuelCell Energy (FCEL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal. zacks.com - 5 days ago

FuelCell Energy Announces 1-For-30 Reverse Stock Split DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company's common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024. globenewswire.com - 1 week ago

Bright Future for Clean Hydrogen Stocks? Analysts Are Watching Industrials stocks have thrived in the last year amid a rush of spending, much due to the Inflation Reduction Act, the CHIPS and Science Act, and other government support. The benchmark Industrial Select Sector SPDR Fund NYSEARCA: XLI is up more than 36% in the last year as a result. marketbeat.com - 1 week ago

FuelCell Energy Secures Project Financing from Export-Import Bank for Fuel Cell Projects with Gyeonggi Green Energy DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it has closed on a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for the company's fuel cell projects with Gyeonggi Green Energy (GGE). This financing is part of EXIM's Project & Structured Finance program, which helps U.S. exporters compete globally in the natural resource and infrastructure sectors. globenewswire.com - 2 weeks ago

Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now. zacks.com - 1 month ago

Zacks Industry Talen,TXNM and FuelCell Talen,TXNM and FuelCell have been highlighted in this Industry Outlook article. zacks.com - 1 month ago

3 Alternative Energy Stocks to Buy Amid Rising Cost of Installation The growing wind generation and electric vehicle market bodes well for the U.S. alternative energy stocks amid rising installation costs. You may buy TLN, TXNM and FCEL. zacks.com - 1 month ago

Why FuelCell Energy Stock Jumped 9% Today Toyota is partnering with a Turkish bus maker to produce fuel cell buses. Toyota already partners with FuelCell Energy to produce hydrogen for Toyota vehicles. fool.com - 1 month ago

FuelCell Energy (FCEL) Moves to Buy: Rationale Behind the Upgrade FuelCell Energy (FCEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). zacks.com - 2 months ago

FuelCell Energy Preferreds: 13.5% Yield Supported By Persistent Common Shareholder Dilution FuelCell Energy reported less-than-stellar Q3/FY2024 results, with negative gross margins and cash usage at all-time highs. However, FuelCell Energy managed to replenish its cash balances by aggressively selling new shares into the open market. As a result, outstanding shares increased by more than 20% during Q3. On the conference call, management admitted to issues regarding its new solid oxide fuel cell technology, which will require further improvement before being suited for commercial deployments. seekingalpha.com - 2 months ago

8. Profile Summary

FuelCell Energy, Inc. FCEL

COUNTRY US

INDUSTRY Electrical Equipment & Parts

MARKET CAP $ 126 M

Dividend Yield 0.01%

Description 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.

Contact 3 Great Pasture Road, Danbury, CT, 06810 https://www.fuelcellenergy.com

IPO Date June 25, 1992

Employees 591

Officers Mr. Michael S. Bishop Executive Vice President, Chief Financial Officer & Treasurer Mr. Mark Feasel Executive Vice President & Chief Commercial Officer Ms. Betsy Schaefer Chief Marketing & Sustainability Officer Mr. Thomas Gelston Senior Vice President of Finance & Investor Relations Mr. Jason B. Few President, Chief Executive Officer & Director Ms. Karen Farrell Senior Vice President & Chief Human Resources Officer Mr. - Parimal Chief Strategy & Corporate Development Officer Mr. Michael J. Lisowski Executive Vice President of Strategic Partnerships Mr. Joshua Dolger Executive Vice President, General Counsel & Corporate Secretary Mr. Anthony J. Leo Executive Vice President & Chief Technology Officer

Price Chart FCEL

FuelCell Energy, Inc. FCEL

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