FCEL
Fuelcell Energy Inc Industrials Electrical Industrial Apparatus Russell 3000
$11.22Close
$517.0MMarket cap
$6.00 – $36.0152-week range
Dec 17, 2026Next report
Highlights
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Lagging the market RS 31 · weaker than 69% of stocks over 12 months
- Far from its high 69% below its 52-week high
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
69%
1wk
up 1.0%
price change
1mo
down 31.7%
price change
12-month return
up 45%
market up 11% ·
its own up 26%
F-score
5 / 9
Mixed
Altman Z
-1.22
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
0.8×
price / book
Earnings yield
down 53.7%
EBIT / enterprise value
Cheaper than
33%
of the market · expensive
Revenue growth
up 41%
year on year
EPS growth
—
latest quarter
Sales growth
down 29%
latest quarter · -25 pts
ROE
down 28%
return on equity
Free cash margin
down 91%
-$143.9M FCF
D/E
0.18
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- profitability slipped from last year
- issued more shares
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Long-term debt down 9% ($0.1B → $0.1B)
- Gross margin -32.0% → -16.7%
- Revenue reaccelerating (-9% then +41%)
Trade setup
ATR%
11.9%
$1.34 a day · 2×ATR $8.55
RS
31 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
0.7×
vs 50-day average
Up/down volume
0.70
50 sessions
Implied move
—
no option chain · report Dec 17, 2026
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 126.1% over the year, from 20m to 46m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Sep 2, 2026
Results reaction
Sep 2, 2026-16% vs market2 sessions after results
Financials
- Gross -17%
- Net -119%
- Free cash -91%
- Cash
- Long-term debt
| FY2020Oct 31, 2020 | FY2021Oct 31, 2021 | FY2022Oct 31, 2022 | FY2023Oct 31, 2023 | FY2024Oct 31, 2024 | FY2025Oct 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $70.9M | $69.6M | $130.5M | $123.4M | $112.1M | $158.2M |
| Gross margin | -11% | -22% | -23% | -9% | -32% | -17% |
| Operating income | -$39.2M | -$64.9M | -$143.7M | -$136.1M | -$158.5M | -$192.3M |
| Net income | -$89.1M | -$101.1M | -$142.7M | -$107.6M | -$126.0M | -$187.9M |
| Net margin | -126% | -145% | -109% | -87% | -112% | -119% |
| Earnings per share | -$12.17 | -$9.15 | -$11.18 | -$7.69 | -$7.63 | -$7.30 |
| Free cash flow | -$37.2M | -$76.8M | -$133.2M | -$179.6M | -$200.6M | -$143.9M |
| Free cash margin | -52% | -110% | -102% | -146% | -179% | -91% |
| Cash | $149.9M | $432.2M | $458.1M | $250.0M | $148.1M | $278.1M |
| Long-term debt | $165.4M | $87.7M | $82.4M | $119.5M | $131.7M | $119.6M |
| Shareholders' equity | $194.5M | $642.4M | $684.4M | $682.5M | $656.9M | $662.2M |
| Shares outstanding | 9.73m | 12.10m | 13.38m | 15.02m | 20.38m | 46.08m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 2, 2026 | Quarterly ↗ | Jul 31, 2026 | 33d |
| Jun 8, 2026 | Quarterly ↗ | Apr 30, 2026 | 39d |
| Mar 9, 2026 | Quarterly ↗ | Jan 31, 2026 | 37d |
| Dec 18, 2025 | Annual ↗ | Oct 31, 2025 | 48d |
| Sep 9, 2025 | Quarterly ↗ | Jul 31, 2025 | 40d |
| Jun 6, 2025 | Quarterly ↗ | Apr 30, 2025 | 37d |
| Mar 11, 2025 | Quarterly ↗ | Jan 31, 2025 | 39d |
| Dec 27, 2024 | Annual ↗ | Oct 31, 2024 | 57d |
| Sep 5, 2024 | Quarterly ↗ | Jul 31, 2024 | 36d |
| Jun 10, 2024 | Quarterly ↗ | Apr 30, 2024 | 41d |
| Mar 7, 2024 | Quarterly ↗ | Jan 31, 2024 | 36d |
| Dec 19, 2023 | Annual ↗ | Oct 31, 2023 | 49d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 28, 2026 | Director or officer change · Regulation FD ↗ |
| Oct 7, 2026 | Director or officer change ↗ |
| Sep 2, 2026 | Results · Regulation FD ↗ |
| Jul 21, 2026 | Other events ↗ |
| Jul 9, 2026 | Material agreement · Regulation FD ↗ |
| Jun 24, 2026 | Material agreement · Unregistered share sale · Regulation FD · Other events ↗ |
| Jun 8, 2026 | Results · Regulation FD ↗ |
| May 21, 2026 | Director or officer change · Regulation FD ↗ |
| Apr 6, 2026 | Director or officer change · Shareholder vote ↗ |
| Mar 9, 2026 | Results · Regulation FD ↗ |
| Feb 4, 2026 | Director or officer change ↗ |
| Jan 7, 2026 | Director or officer change · Other events ↗ |