profit from every $100 of sales.
$0$100
FuelCell Energy
$9.68-5.56% today
+37.5% in 1 year
1-year low $6.001-year high $36.01
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What FuelCell Energy sold, what it kept, and what it did with the cash.
Sales went from $130 million in 2022 to $158 million in 2025, with -$188 million of profit last year.
SalesProfit
FuelCell Energy vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| FuelCell Energy | No profit yet | ||
 Contemporary Amperex Technology | 20.2× · Fair price | ||
 ABB | 32.0× · Expensive | ||
 Vertiv | 58.4× · Expensive | ||
 Delta Electronics (Thailand) Public | 95.5× · Very expensive |
AI analysis
An AI analyst reads FuelCell Energy's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 130 | 123 | 112 | 158 | |
| -30 | -11 | -36 | -26 | |
| -144 | -136 | -156 | -121 | |
| -119 | -75 | -111 | -140 | |
| -143 | -108 | -126 | -188 | |
| -11.40 | -7.80 | -7.83 | -7.42 | |
| -22.7% | -8.5% | -32.0% | -16.7% | |
| -110.1% | -110.3% | -139.1% | -76.6% | |
| -109.4% | -87.2% | -112.4% | -118.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 940 | 956 | 944 | 932 |
| Cash | 458 | 250 | 148 | 278 |
| Total debt | 104 | 139 | 156 | 144 |
| Total liabilities | 185 | 195 | 217 | 201 |
| 744 | 742 | 717 | 722 | |
| 13 | 14 | 17 | 26 | |
| -13.0% | -9.0% | -13.3% | -16.5% | |
| -19.2% | -14.5% | -17.6% | -26.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -112 | -140 | -153 | -125 | |
| 47 | 92 | 60 | 23 | |
| -159 | -233 | -212 | -148 | |
| Dividends paid | 3 | 3 | 3 | 3 |
| 0 | 0 | – | – | |
| 7 | 12 | 12 | 11 |
Valuation
- –
- –
- –
- 1.3×
- 4.9×
- –
- –
- -19.1%
- -24.3%
- 0.0%
Profitability
- -16.7%
- -76.6%
- -118.8%
- -104.8%
- -16.2%
- -15.6%
- -31.7%
- -22.2%
- -16.7%
- 16.5%
Growth
- +6.6%
- –
- +30.4%
- –
- −46.9%
Financial health
- -1.0×
- 0.22
- 15.9%
- -14.5×
- 8.59
- 7.20
- 0.17
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 2%of 979
Bottom 1%of 984
Bottom 47%of 985
Bottom 2%of 987
What analysts expect
- Average price target
- $8.73
- Range
- $7.00 – $12.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 9, 2026 | -0.52 | -0.68 | +23.5% |
| Dec 18, 2025 | -0.83 | -0.97 | +14.4% |
| Sep 9, 2025 | -0.95 | -1.59 | +40.3% |
| Jun 6, 2025 | -1.79 | -1.51 | −18.5% |
| Mar 11, 2025 | -1.42 | -1.52 | +6.6% |
| Dec 19, 2024 | -2.10 | -1.93 | −8.8% |
| Sep 5, 2024 | -2.10 | -2.40 | +12.5% |
| Jun 10, 2024 | -2.10 | -2.40 | +12.5% |
News
Bloom Energy Jumps 8%, FuelCell Energy Rises 3% as Fuel Cell Stocks Rebound; Plug Power Holds Steady Ahead of EarningsYahoo Finance · Nov 9, 2026FuelCell Energy targets positive adjusted EBITDA in Q4 fiscal 2027 while expanding Torrington to 500 MW by June 2028Seeking Alpha · Sep 2, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
30No pass
Benjamin Graham
61Pass
Philip Fisher
32No pass
Peter Lynch
38No pass
Joel Greenblatt
0No pass
Charlie Munger
36No pass
Terry Smith
31No pass
Questions about FuelCell Energy
Is FuelCell Energy a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the FuelCell Energy AI analysis
What does FuelCell Energy do?
FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. It is in Electrical Equipment & Parts.
Does FuelCell Energy pay a dividend?
Yes. In 2025 it paid out $3.20 million in dividends.
Is FuelCell Energy stock halal?
No. FuelCell Energy does not pass our halal screen: its cash and confirmed interest-bearing investments are 34% of its market value, at or above the 33% limit. How we check
How has FuelCell Energy stock done over the past year?
Up 37.5% over the past twelve months, to $9.68. It traded between $6.00 and $36.01 and is 73.1% below its high.
Who are FuelCell Energy's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with FuelCell Energy's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.