Reading the tape
NASDAQ: FCEL
FuelCell Energy, Inc.
Industrials · Electrical Equipment & Parts
Market Cap
$722.62M
52w High
$13.66
52w Low
$3.58
P/E
-3.59
Volume
17.96M
Outstanding Shares
52.98M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
1Y Price: 233.5%Revenue (TTM): 48.29%FCF (TTM): 30.4%P/S: 23rd pct
What changed
The stock rose 233.5% over the last year. Revenue grew 48.29% over the trailing twelve months. Operating margin moved from -130.08% to -67.57%. Free cash flow grew 30.4% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 23rd percentile of their historical P/S range.
What would invalidate this read
Operating margin is at -67.57%. Revenue grew 48.29% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation.
CEOJason Few
SectorIndustrials
IndustryElectrical Equipment & Parts
Employees584
IPO dateJun 25, 1992
Valuation
Forward P/E—
EV/EBITDA-0.69
Enterprise value$96.26M
Stock splits
May 9, 2019↓ Reverse
Every 12 shares became 1
Dec 4, 2015↓ Reverse
Every 12 shares became 1
Jun 20, 2001↑ Forward
Every 1 shares became 2
Sep 14, 2000↑ Forward
Every 1 shares became 2
Nov 17, 1999↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth60.71%
Gross margin-15.95%▲47.87%vs FY2024
Operating margin-67.57%▲44.88%vs FY2024
ROE-26.02%▼48.03%vs FY2024
Analyst consensus
RatingHold
Target price$8.73▼36.00%
4
Buy
13
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 5, 2026
Q2 FY26 · EPS est -$0.52 · Revenue est $41.64M
View