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FuelCell Energy stock

FCELNASDAQ

FuelCell Energy, Inc., IndustrialsISIN US35952H7008

$10.25▼ $0.70 (−6.4%)Closing price of 12 Nov 2026

36Score 36 out of 100, Weak

Turn on early warning

Price and trend

40 / 100

Price history

+33% in one year

The chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Below the 200-day line: the price is 32% below it.

Trend change

Since November 2026 the 50-day line has been below the 200-day line; the trend has turned down.

Momentum

Normal: the price is neither overheated nor sold off (RSI 46).

Distance to the high

The price is 72% below its 52-week high. Largest decline in 20 years: 100% (December 2007 to April 2025).

Chart figures for advanced users
SMA 50$14.54
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$14.99
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)46
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$6.00
The lowest closing price of the last twelve months.
Resistance$36.01
The highest closing price of the last twelve months.
Market cap
$875.5M
Div. yield
no dividend
Loss
includes one-off items
Loss expected
Fair value
no data

Snapshot

Computed from the data by fixed rules, no AI

  • FuelCell Energy, Inc. belongs to the Electrical Equipment & Parts industry (United States) and, with a market value of $819.53M, is number 82 of 98 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $158.16M (up 41% year on year) and a loss of $187.9M.
  • For fiscal 2026, analysts expect on average revenue of $147.84M (down 6.5%) and adjusted earnings per share of −$2.83.
Show more
  • MEQIRI Score 36 out of 100 (Weak): rank 960 of 1023 in Industrials, median 61.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Growing faster than its industryRevenue up 17.4% a year since 2020, Electrical Equipment & Parts median 11.2%.Growth 64
  • More cash than debtCash $658.08M, financial debt $178.66M.Stability 52

Weaknesses

  • DilutionShare count up 46% since 2020.Capital allocation 25
  • Volatile share priceVolatility 135% a year over the last 12 months.Stability 52
  • Loss-makingLoss of $175.62M over the last 12 months.Fundamentals 17
36/ 100
MEQIRI Score
Weak

The score is held back by fundamentals and profitability.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Fundamental quality fluctuates.

Profit consistency0% of years
Cash conversion (free cash flow to earnings, 12 months)not measured
ROIC (12 months)−15.1%
Positive free cash flow0% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Valuation

Valuation signal

not measured
Price
$10.95
Fair value
not meaningful
Gap to fair value
no data

Closing price of 11 Nov 2026, used by the daily score.

A fair value is not meaningful here, so the signal follows the valuation grade.

Valuation metrics

no data
no data
Fair value (model)
no data

The model puts the fair value at less than a quarter of the share price. That says more about the assumptions than about the company, so a fair value is not meaningful here and the valuation relies on the P/E and the other metrics.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

20 years

In the twelve months to 31 Jul 2026, revenue rose 1.1% on the twelve months before. Revenue has grown solidly since 2006, at about 9% per year.

Margins

20 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross −17%, operating −77%, net −119%. Last 12 months: net −100%.

Debt & balance sheet

latest quarter
0.18
−17.4x
8.67
Cash & equivalents
$658.08M

Debt is low, but interest coverage is weak. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
17 Dec 2026in 34 days
Last reported
2 Sep 2026EPS reported −$0.64 (expected −$0.41)below expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20277 analysts
Earnings per share
−$1.180.0%
Revenue
$250.08M0.0%
Fiscal 20288 analysts
Earnings per share
−$0.640.0%
Revenue
$419.28M0.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook confirmed

Share price after the results: −14.1%

Updated target for reaching positive EBITDA in Q4 of fiscal 2027, with the full 100-megawatt production rate at Torrington expected in October 2026.

Supporting passage from the call, verbatim
“Our immediate operational milestone is to increase our annualized production rate at Torrington to its current full capacity of 100 megawatts, with achievement of this milestone expected in October 2026.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 2 Sep 2026 (fiscal Q3 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

One insider bought on the open market in the last 6 months, $741,922 in total. One insider sold, $118,025 in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

  • Achanta ShankarSale

    6 Oct 2026, EVP, Chf. Product &Tech Ofc.

    Shares
    2,500
    Price
    $18.50
    Value
    $46,250
  • Livingston III Homer JohnPurchase

    14 Sept 2026, Board

    Shares
    16,404.2
    Price
    $15.05
    Value
    $246,955
  • Livingston III Homer JohnPurchase

    16 Jul 2026, Board

    Shares
    26,343
    Price
    $18.79
    Value
    $494,967
Show 1 more
  • Achanta ShankarSale

    6 Jul 2026, EVP, Chf. Product &Tech Ofc.

    Shares
    2,500
    Price
    $28.71
    Value
    $71,775

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at FuelCell Energy

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

1023 rated companies in Industrials

Rank 960 of 1023
960/ 1023
This company
36
Sector median
61

Categories against the sector medianMedian of 1,023 companies

Profitability12 (median 53)41 below the median
Growth64 (median 63)1 above the median
Fundamentals17 (median 71)54 below the median
Stability52 (median 65)13 below the median
Capital allocation25 (median 55)30 below the median
Technical analysis40 (median 60)20 below the median
Momentum46 (median 59)13 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Electrical Equipment & Parts

The next larger and next smaller companies by market value

All 98 Electrical Equipment & Parts stocks

ETFs that hold FuelCell Energy

Held by 9 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
L&G Hydrogen Economy UCITS ETF USDHTMW4.47%0.49%€394.28M
Amundi Global Hydrogen UCITS ETF AccAMEE0.25%0.45%€201.78M
Xtrackers Russell 2000 UCITS ETF 1CXRS20.02%0.30%€2.17B
Show 5 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Oct 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 31 Oct 2006)
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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