FCEL

SellHot Air

FuelCell Energy, Inc. · Industrials · United States · $888M cap · $78.4M/day traded

$11.46 +3.2% · close 26 Oct · scored 27 Oct

StockRank up 2.8 since 24 Oct: Momentum up 3 after a 3% price rise.

Hot Air: Rising on momentum alone: weak business, rich price.

23
StockRank
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Quality
21
Value
32
Momentum
54

As of 27 Oct 2026, MoatMap's StockRank for FuelCell Energy, Inc. (FCEL) is 23/100, ranked against 24,000+ stocks in 35 markets (Quality 21, Value 32, Momentum 54, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
—
peers 25.9x
ROE
-21.4%
peers 8.9%
D/E
0.2x
peers 0.6x
Dividend %
—
trailing yield

ABOUT FUELCELL ENERGY, INC.

Read

FuelCell Energy, Inc. is a global leader in sustainable fuel cell technology, designing, manufacturing, and operating clean power plants. The company's competitive moat is anchored by its proprietary carbonate and solid oxide fuel cell platforms, which deliver ultra-clean distributed power, hydrogen, and carbon capture capabilities. It positions itself as a key player in industrial decarbonization and grid resiliency, targeting utility, commercial, and industrial clients.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue130.5M123.4M112.1M158.2M6.6%154.1M145.5M242.2M23.8%
EPS-1.93-1.49-2.00-7.42—-2.76-2.17-1.02—
Shares80.0M80.0M80.0M46.1M-42.4%————
Debt104.3M139.2M156.5M144.0M11.3%166.2M———
Equity744.2M742.4M716.8M722.0M-1.0%————
Op CF-112.2M-140.3M-152.9M-125.3M—-96.3M———
Inv CF-46.7M-192.4M-60.0M88.9M—————
Fin CF180.6M151.1M122.2M169.3M—————
Loading 1Y...
PRICE (1Y) · USD-24.9%
11.113.515.918.320.615 Sep6 Oct26 Oct
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsVery bumpy

Swung more than 98% of stocks we rank over the past year (135% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$11.46
RSI (14)
14.8
52-Week Range-69.7% from high
Low $5.71High $37.88

SCORE BREAKDOWN

Quality
21
ROIC
-19.3%4.2
ROE
-21.4%6.1
GP/Assets
-5.4%1.0
Op. Margin
-141.4%1.8
FCF/Assets
-12.1%6.4
Piotroski
654.8
Int. Cover
-14.9x3.9
D/E Ratio
0.16x67.5
Current Ratio
8.67x97.6
Value
32
P/E (TTM)
—N/A
EV/EBITDA
-4.9x25.0
P/FCF
—N/A
P/B
0.9x78.4
P/S
5.8x12.9
Div Yield
—N/A
Momentum
54
52W High %
30%5.2
RS 6M
1%63.4
SMA 50/200
1.12x84.6
EPS Rev 4W
+2.5%92.7
EPS Rev 12W
+21.4%94.3
EPS Improve
+63%58.6
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$888M
P/E (Forward)
-10.9x
Gross Margin
—

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of FCEL are excluded.

TickerCompanyMkt CapStockRankSignal
FCELFuelCell Energy, Inc.(you)$888M23Sell
AMPXAmprius Technologies, Inc.$1.2B9Strong Sell
TET1 Energy Inc.$686M1Strong Sell
EOSEEos Energy Enterprises, Inc.$626M1Strong Sell
ENVXEnovix Corporation$612M1Strong Sell
ATKRAtkore Inc.$3.2B28Sell
FACFactorial Energy Inc.$436M3Strong Sell
PLUGPlug Power Inc.$1.9B2Strong Sell
PLPCPreformed Line Products Company$1.6B48Hold
EAFGrafTech International Ltd.$222M14Strong Sell

Peer medians: ROE 8.9% · P/E 25.9x · Gross margin 29.3%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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FuelCell Energy, Inc. (FCEL): Stock Score Summary

FuelCell Energy, Inc. (FCEL) has a MoatMap StockRank of 23/100 based on Quality (21/100), Value (32/100), and Momentum (54/100) factor scores. The current signal is SELL.

FuelCell Energy, Inc. is a global leader in sustainable fuel cell technology, designing, manufacturing, and operating clean power plants. The company's competitive moat is anchored by its proprietary carbonate and solid oxide fuel cell platforms, which deliver ultra-clean distributed power, hydrogen, and carbon capture capabilities. It positions itself as a key player in industrial decarbonization and grid resiliency, targeting utility, commercial, and industrial clients.

Key Financial Metrics

Price$11.46
Market Cap$888M
P/E (Forward)-10.88
Price/Book0.91
Return on Equity-21.4%
Return on Invested Capital-19.3%
Debt/Equity0.16x
Operating Margin-141.4%
Revenue Growth-29.4%
Free Cash Flow$-113M

FuelCell Energy, Inc. operates in the Electrical Equipment & Parts industry, part of the Industrials sector (United States).

Frequently Asked Questions

What is FuelCell Energy, Inc.’s (FCEL) StockRank?
MoatMap’s StockRank for FuelCell Energy, Inc. (FCEL) is 23/100, with a Sell signal. It is a composite of Quality (21), Value (32), and Momentum (54), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does FuelCell Energy, Inc. have an economic moat?
FuelCell Energy, Inc. (FCEL) has a Quality factor score of 21/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is FuelCell Energy, Inc. a buy, hold, or sell?
MoatMap’s current signal for FuelCell Energy, Inc. (FCEL) is Sell, based on a StockRank of 23/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is FuelCell Energy, Inc. in?
FuelCell Energy, Inc. (FCEL) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (United States).