FuelCell Energy (FCEL)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from FCEL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from FuelCell Energy's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $70M | $130M | $123M | $112M | $158M |
| Net income | -$101M | -$143M | -$108M | -$126M | -$188M |
| Free cash flow | -$77M | -$133M | -$180M | -$201M | -$144M |
| EPS (diluted) | -$9.30 | -$11.43 | -$7.92 | -$7.83 | -$7.42 |
| Operating margin | -93.3% | -110.1% | -110.3% | -141.3% | -121.6% |
Where the revenue comes from
Revenue by products, fiscal 2025. Every breakdown, year by year.
Superinvestors who own FCEL
From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
New position | $357,075 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by FuelCell Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 14, 2026 | Iii Homer John Livingston Director |
16,404 | $15.05 | $246,955 |
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In the full deep dive
Questions
Are FuelCell Energy insiders buying the stock?
1 open-market insider purchase of FCEL in the last 12 months, from SEC Form 4 filings.
Which superinvestors own FuelCell Energy?
1 of the superinvestors Investingly tracks hold FCEL in their latest 13F, including Cliff Asness.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.