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Also trades as: FCEL (NASDAQ) · $vol 115M · 0A60.L (LSE) · $vol 4M

FCELB OTC

FuelCell Energy, Inc.
1W: -0.4% 1M: +2.4% 3M: -0.2% YTD: +41.6% 1Y: +45.8% 3Y: +64.2% 5Y: +43.9%
$480.00
-10.00 (-2.04%)
After Hours: $482.51 (+2.51, +0.52%)
Weekly Expected Move ±7.1%
$421 $455 $490 $525 $559
OTC · Industrials · Electrical Equipment & Parts · Tech Score Buy · Power 61 · $150.1M mcap · 311691 float · 0.055% daily turnover · Short 72% of daily vol
Credit Risk of going bust: higher than 91% of companies Debt: 16.3% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $22.58 (down 95%), FuelCell Energy, Inc. would be worth roughly what it owes.
Total debt $178.7M against a stock market value of $916.3M.
Distance to default 1.43 (Merton model): prices to 2026-10-26, balance sheet 2026-07-31, debt counted $92.1M (short-term plus half of long-term), stock volatility 130.3%; Altman Z -0.07. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Income Trends

Revenue
$158M +41.0% ▲
5Y CAGR: +17.4%
Gross Profit
-$26M +26.5% ▲
Operating Income
-$121M +22.3% ▲
Net Income
-$188M -49.1% ▼
EPS (Diluted)
$-7.42 -1414.3% ▼
EBITDA
-$140M -26.7% ▼

Profit Margins

Year-over-Year Growth

View Full Income Statement
Line ItemFY2021FY2022FY2023FY2024FY2025
Revenue$70M$130M$123M$112M$158M
YoY Growth-1.8%+87.5%-5.4%-9.1%+41.0%
Cost of Revenue$85M$160M$134M$148M$185M
Gross Profit-$16M-$30M-$11M-$36M-$26M
Gross Margin-22.5%-22.7%-8.5%-32.0%-16.7%
R&D Expenses$11M$35M$61M$55M$34M
SG&A Expenses$38M$80M$65M$65M$61M
Operating Expenses$49M$114M$126M$124M$95M
Operating Income-$65M-$144M-$136M-$158M-$121M
Operating Margin-93.3%-110.1%-110.3%-141.3%-76.6%
Interest Expense$7M$6M$7M$10M$10M
Income Before Tax-$101M-$146M-$107M-$157M-$191M
Tax Expense$2K$819K$581K$25K$137K
Net Income-$101M-$147M-$108M-$126M-$188M
Net Margin-145.2%-112.8%-87.2%-112.4%-118.8%
EPS (Diluted)$-0.30$-0.38$-0.26$-0.49$-7.42
EBITDA-$74M-$119M-$75M-$111M-$140M
Shares Outstanding335M383M420M262M26M

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms