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FuelCell Energy/$FCEL

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About FuelCell Energy

FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
Ticker
$FCEL
Primary listing
NASDAQ
Employees
424

FuelCell Energy Metrics

BasicAdvanced
$774M
-
-$3.41
2.35
-

What the Analysts think about FuelCell Energy

Analyst ratings (Buy, Hold, Sell) for FuelCell Energy stock.
Analyst projections of the future price of FuelCell Energy stock.

Bulls say / Bears say

FuelCell has moved beyond a data-centre sales pitch: Fit Energy agreed to buy systems for an initial 30 MW phase, with a deposit, under a deal covering up to 380 MW. It also secured a separate 75 MW capacity reservation with an upfront payment. (FuelCell Energy, Inc.)
The commercial opportunity is substantial: FuelCell reported a 10 GW sales pipeline and $3.6 billion in committed and awarded capacity backlog. This gives it room to grow if prospective projects convert into firm orders. (FuelCell Energy, Inc.)
FuelCell reported $737.3 million in cash and restricted cash, including $658.1 million unrestricted, giving it significant liquidity to fund its manufacturing expansion and operating needs. It is targeting 500 MW of annual production capacity by June 2028. (FuelCell Energy, Inc.)
Recent growth has not translated into stronger near-term trading: third-quarter revenue fell 29% year on year to $33.0 million, while the gross loss widened to $24.5 million and adjusted EBITDA loss worsened to $36.7 million. (FuelCell Energy, Inc.)
Much of the headline backlog is not firm business: the $2.35 billion awarded capacity backlog relates to optional Fit Energy phases, which do not require payment unless Fit elects to proceed. FuelCell says these awards may never convert into firm contracts or revenue. (FuelCell Energy, Inc.)
Shareholders have faced heavy dilution: shares outstanding rose from 46.1 million at the end of October 2025 to about 80.0 million by 31 July 2026 after equity sales. The company remains loss-making and may need further funding as it expands. (StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.

FuelCell Energy Financial Performance

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FuelCell Energy Earnings Performance

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