FCEL Stock - FuelCell Energy, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | N/A | $112.13M | $123.39M | $130.48M | $69.58M |
| Gross Profit | N/A | $-35,918,000 | $-10,535,000 | $-29,575,000 | $-15,639,000 |
| Gross Margin | N/A | -32.0% | -8.5% | -22.7% | -22.5% |
| Operating Income | N/A | $-158,488,000 | $-136,084,000 | $-143,724,000 | $-64,902,000 |
| Net Income | $-191,099,000 | $-126,009,000 | $-107,568,000 | $-147,232,000 | $-101,025,000 |
| Net Margin | N/A | -112.4% | -87.2% | -112.8% | -145.2% |
| EPS | $-7.42 | $-0.53 | $-0.26 | $-0.39 | $-0.31 |
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; solid oxide fuel cell/solid oxide electrolysis cell stack technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. In addition, it provides engineering, procurement, and construction services; project financing services; and real-time monitoring and remote operation, online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment/recycling services, as well as technical services in the areas of plant operation and performance, and fuel processing. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 19th 2025 | TD Cowen | Reiterated | Hold | $9← $7 |
| December 20th 2024 | TD Cowen | Reiterated | Hold | $12← $2 |
| September 14th 2023 | Jefferies | Resumed | Hold | $1.5← $2.75 |
| December 14th 2022 | UBS | Initiation | Neutral | $3.85 |
| October 19th 2022 | Jefferies | Initiation | Hold | $3 |
| June 2nd 2022 | KeyBanc Capital Markets | Resumed | Sector Weight | - |
Earnings History & Surprises
FCELEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 10, 2026 | $-0.65 | — | — | — |
Q4 2025 | Dec 18, 2025 | $-0.97 | $-0.83 | +14.4% | ✓ BEAT |
Q3 2025 | Sep 9, 2025 | $-1.59 | $-0.95 | +40.3% | ✓ BEAT |
Q2 2025 | Jun 6, 2025 | $-1.51 | $-1.79 | -18.5% | ✗ MISS |
Q1 2025 | Mar 11, 2025 | $-1.52 | $-1.42 | +6.6% | ✓ BEAT |
Q4 2024 | Dec 19, 2024 | $-1.93 | $-2.10 | -8.8% | ✗ MISS |
Q3 2024 | Sep 5, 2024 | $-2.40 | $-2.10 | +12.5% | ✓ BEAT |
Q2 2024 | Jun 10, 2024 | $-2.40 | $-2.10 | +12.5% | ✓ BEAT |
Q1 2024 | Mar 7, 2024 | $-2.40 | $-1.50 | +37.5% | ✓ BEAT |
Q4 2023 | Dec 19, 2023 | $-2.40 | $-2.10 | +12.5% | ✓ BEAT |
Q3 2023 | Sep 11, 2023 | $-2.40 | $-1.80 | +25.0% | ✓ BEAT |
Q2 2023 | Jun 8, 2023 | $-2.40 | $-2.70 | -12.5% | ✗ MISS |
Q1 2023 | Mar 9, 2023 | $-2.10 | $-1.50 | +28.6% | ✓ BEAT |
Q4 2022 | Dec 20, 2022 | $-2.10 | $-3.30 | -57.1% | ✗ MISS |
Q3 2022 | Sep 8, 2022 | $-1.80 | $-2.40 | -33.3% | ✗ MISS |
Q2 2022 | Jun 9, 2022 | $-1.80 | $-2.40 | -33.3% | ✗ MISS |
Q1 2022 | Mar 10, 2022 | $-1.20 | $-1.20 | 0.0% | = MET |
Q4 2021 | Dec 29, 2021 | $-0.60 | $-2.10 | -250.0% | ✗ MISS |
Q3 2021 | Sep 14, 2021 | $-1.50 | $-1.20 | +20.0% | ✓ BEAT |
Q2 2021 | Jun 10, 2021 | $-1.50 | $-1.80 | -20.0% | ✗ MISS |
Latest News
FuelCell Energy shares are trading lower after the company entered into an amended sales agreement to increase the amount of shares that may be sold under its sales agreement to $200 million.
📉 NegativeFuelCell Energy Files For Common Stock Offering Of Up To $200M
📉 NegativeCanaccord Genuity Maintains Hold on FuelCell Energy, Maintains $12 Price Target
➖ NeutralFuelCell Energy shares are trading higher after the company reported better-than-expected Q4 financial results.
📈 PositiveFuelCell Energy Q4 Adj. EPS $(0.83) Beats $(1.04) Estimate, Sales $55.016M Beat $44.752M Estimate
📈 PositiveFuelCell Energy Secures $25M US Loan to Boost Clean Power Projects in South Korea
📈 PositiveUBS Maintains Neutral on FuelCell Energy, Raises Price Target to $7.25
➖ NeutralCanaccord Genuity Maintains Hold on FuelCell Energy, Maintains $12 Price Target
➖ NeutralFuelCell Energy Revenue Jumps 97 Percent
📈 PositiveFuelCell Energy shares are trading higher after the company reported a 97% revenue increase in Q3 2025.
📈 PositiveFuelCell Energy Revenue Jumps 97% in Q3
📈 PositiveFuelCell Energy Q3 EPS $(0.95) Beats $(1.44) Estimate, Sales $46.74M Miss $48.30M Estimate
📈 PositiveFuelCell Energy, Inuverse sign MoU to develop South Korea data center
📈 PositiveFuelCell Energy to cut 22% of staff in bid to lower annual expenses by 30%
📉 NegativeFrequently Asked Questions about FCEL
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