FCEL · Fuelcell Energy Inc
$18.47
+1.90 (+11.47%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$1.32B
Shares
79.95M
Volume · Oct 2
7.7M
Avg daily vol (3M)
8.48M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$18.47
Open$17.25
Day$17.20–18.54
52W close$6.00–36.01
Avg vol 30d6.4M
Short int24.9M · 31.1% float · 3.2d
Short vol52%
Last earningsSep 2, 2026
DataJan 2020–Oct 2026
Filing10-Q · Sep 2
Up next
Next earnings call
Nov 30, 2026
Est · unconfirmed
· in 8 wks
filed Sep 2, 2026
call held Sep 2, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$154.14M
Trailing 12 months
Net income (TTM)
−$175.10M
Trailing 12 months
Revenue growth YoY
-29.4%
Year over year
Operating margin
-116.3%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-7.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+188.1%
Year over year · more shares
Price change (1Y)
+112.8%
Trailing year
Short interest
31.1%
Latest settlement · 3.2 days to cover
AI Brief
Q3 FY26 earnings call · Sep 2, 2026
Q3 FY26
TL;DR. FuelCell Energy posted Q3 revenue down 29% YoY and a wider GAAP gross loss driven by $17M of Fit Energy Phase-0 charges, while securing a first up-to-380 MW data-center order, raising committed-plus-awarded backlog to $3.6B, raising cash to a record $737.3M, and guiding to positive adjusted EBITDA by Q4 FY2027 with a 100 MW production rate targeted in October 2026.
Bullish
- + Secured first data-center order and raised committed-plus-awarded capacity backlog to $3.6B
- + Signed first 75 MW capacity reservation with a major Texas data-center operator subsequent to quarter-end
- + Delivered first two carbon-capture modules to ExxonMobil Rotterdam and signed an MOU with Siemens for EBOP systems
Bearish
- − Q3 revenue declined 29% YoY to $33.0M with GAAP gross loss widening to $(24.5)M from $(5.1)M
- − Recorded $17M of charges as current product costs exceed Fit Energy Phase-0 contractual pricing
- − Adjusted EBITDA deteriorated to $(36.7)M from $(16.4)M driven by Phase-0 charges
- − Q3 product revenue fell to $18M and generation revenue to $8.8M as Groton project was offline for the quarter
- − $2.4B of awarded-capacity backlog is at customer election and may not convert to firm orders
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+29%
above
Price vs 50-day avg
−0%
below
RSI (14)
56
neutral
MACD trend
Positive
52-week position
42%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+26%
trailing
6-month return
+170%
trailing
YTD return
+153%
this year
Relative strength
+158%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $19 › 200d $14 — 50d above 200d
Institutional flow
Distributing
2 of 230 funds reported for Sep 30 · net -10.0K sh shares
Insider flow
Accumulating
Net +$741.9K over 90 days · 0% sells
Short interest
Rising
31.14% of float · ▲ +23.9% MoM · 3.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
230 holders — mid 3-yr range
Squeeze score
66
elevated · 0–100
Fundamentals
Revenue growth
−7%
Y/Y
Gross margin
-9%
expanding
EPS growth
+5%
Y/Y
Balance sheet
$2.4M
net cash
Quant / Vol
risk profile
Volatility
136%
annualized · 1-yr
Max drawdown
−60%
past year
ATR
7.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Sep 2, 2026
Total requirement to expand Torrington to 500 megawatts of annua
· by June 2028
$200M – $275M
Capital expenditure to expand Torrington to 500 megawatts of ann
· by June 2028
$200M – $275M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+29%
Bullish
Price vs 50-day avg
−0%
Neutral
RSI (14)
56
Neutral
MACD trend
Positive
Bullish
52-week position
42%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $19 › 200d $14 — 50d above 200d
Institutional flow
Distributing
2 of 230 funds reported for Sep 30 · net -10.0K sh shares
Insider flow
Accumulating
Net +$741.9K over 90 days · 0% sells
Short interest
Rising
31.14% of float · ▲ +23.9% MoM · 3.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
230 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $6
Now $18 · 42%
Range high $36
vs 200-day avg +29%
vs 50-day avg 0%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$36.74M | Q3 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA -$37.27M
+$2.45M Stock-based compensation expense
-$1.92M Unrealized gain on natural gas derivative contracts
+$0K Impairment expense
+$0K Restructuring expense
= Adjusted EBITDA -$36.74M
|
|||
| Adjusted net loss per basic and diluted share attributable to common stockholders non-GAAP | -$0.64 | Q3 FY2026 | — |
| Adjusted net loss per share attributable to common stockholders non-GAAP | -$0.64 | Q3 Fiscal 2026 | — |
| Advanced Technologies contract gross margin | 39.8% | the three months ended July 31, 2026 filing | +45.8% |
|
|
|||
| annualized production rate | 37.1 | the three months ended July 31, 2026 filing | — |
| Awarded Capacity Backlog | $2.35B | As of July 31, 2026 | — |
| Committed Backlog | $1.3B | As of July 31, 2026 | — |
| EBITDA non-GAAP | -$37.27M | Q3 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss -$45.28M
+$9.39M Depreciation and amortization
+$0K (Benefit from) provision for income taxes
-$707K Other income, net
-$3.57M Interest income
+$2.9M Interest expense
= EBITDA -$37.27M
|
|||
| Restricted Cash and Equivalents | $79.2M | Q3 Fiscal 2026 | — |
| Total cash including restricted cash and equivalents | $737.3M | Q3 Fiscal 2026 | — |
| Total Committed and Awarded Capacity Backlog | $3.65B | As of July 31, 2026 | — |
| Total Committed Backlog | $1.3B | Q3 FY2026 | — |
| Weighted average term of service and generation portions of Committed Backlog | 15 | Q3 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Electrical Equipment & Parts — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FCEL
this stock
Fuelcell Energy Inc
|
$1.32B | +152.7% | -6.5% | — | 31.1% |
|
CYATY
Contemporary Amperex Technology Co., Limited/ADR
|
$282.82B | — | — | — | 0.0% |
|
ABLZF
Abb Ltd
|
$175.77B | +27.5% | +9.5% | — | 0.0% |
|
VRT
Vertiv Holdings Co
|
$97.51B | +55.7% | +27.7% | 57.3 | 3.7% |
|
BE
Bloom Energy Corp
|
$82.84B | +232.8% | +37.3% | — | 6.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FCEL | +12.0% | +25.9% | +170.4% | +12.5% | +152.7% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +12.2% | +26.4% | +158.2% | +11.6% | +139.8% |