Company research
FUELCELL ENERGY INC
CIK 886128Updated Sep 27, 2026
Name history
ENERGY RESEARCH CORP /NY/ · through Jun 14, 1999
FCEL price & chart
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NASDAQ:FCEL on TradingView ↗About the company
FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission-critical applications globally. The Company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low-emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems - backed by global fuel cell deployments. Learn more at www.fuelcellenergy.com.
In the news
Bronstein, Gewirtz & Grossman LLC Urges FuelCell Energy, Inc. Investors to Act: Class Action Filed Alleging Investor Harm ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
SCHEDULE 13G filing
SCHEDULE 13G filing
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 932,146,000Source | 944,124,000Source | 955,520,000Source | 939,717,000Source |
| Property, Plant and Equipment, NetUSD | 96,436,000Source | 130,686,000Source | 89,668,000Source | 58,137,000Source |
| GoodwillUSD | — | 4,075,000Source | 4,075,000Source | 4,075,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,891,000Source | 14,779,000Source | 16,076,000Source | 17,373,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 278,099,000Source | 148,133,000Source | 249,952,000Source | 458,055,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,999,000Source | 11,751,000Source | 3,809,000Source | 4,885,000Source |
| Inventory, NetUSD | 86,196,000Source | 113,703,000Source | 84,456,000Source | 90,909,000Source |
| Assets, CurrentUSD | 449,810,000Source | 444,458,000Source | 476,313,000Source | 580,280,000Source |
| Operating Lease, Right-of-Use AssetUSD | 11,232,000Source | 8,122,000Source | 8,352,000Source | 7,189,000Source |
| Other Assets, NoncurrentUSD | 103,622,000Source | 48,541,000Source | 51,176,000Source | 13,662,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 201,005,000Source | 216,658,000Source | 195,215,000Source | 185,333,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 2,000Source | 45,000Source | 41,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,829,449,000Source | -1,641,550,000Source | -1,515,541,000Source | -1,407,973,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,695,000Source | -1,561,000Source | -1,672,000Source | -1,752,000Source |
| Stockholders' Equity Attributable to ParentUSD | 662,179,000Source | 656,922,000Source | 682,493,000Source | 684,392,000Source |
| Additional Paid in Capital, Common StockUSD | 2,493,318,000Source | 2,300,031,000Source | 2,199,661,000Source | 2,094,076,000Source |
| Liabilities and EquityUSD | 932,146,000Source | 944,124,000Source | 955,520,000Source | 939,717,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 67,839,000Source | 73,904,000Source | 65,903,000Source | 85,800,000Source |
| Operating Lease, Liability, CurrentUSD | 932,000Source | 807,000Source | 599,000Source | 650,000Source |
| Accounts Payable, CurrentUSD | 17,009,000Source | 22,585,000Source | 26,518,000Source | 28,196,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,954,000Source | 8,894,000Source | 8,992,000Source | 7,575,000Source |
| Other Liabilities, NoncurrentUSD | 115,227,000Source | 130,850,000Source | 119,588,000Source | 82,863,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 9,105,000Source | 10,687,000Source | 17,955,000Source | 7,105,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 31,318,000Source | 30,362,000Source | 26,313,000Source | 27,415,000Source |
| Deferred Tax Liabilities, NetUSD | — | 307,000Source | 280,000Source | 460,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | — | 3,030,000Source |
| Short-term InvestmentsUSD | — | 109,123,000Source | 103,760,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -191,372,000Source | -156,778,000Source | -108,056,000Source | -147,232,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 40,400,000Source | 36,193,000Source | 25,375,000Source | 21,274,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 11,088,000Source | 11,764,000Source | 11,954,000Source | 6,792,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -7,752,000Source | 7,942,000Source | -1,076,000Source | -9,199,000Source |
| Increase (Decrease) in InventoriesUSD | -15,871,000Source | 29,247,000Source | -4,686,000Source | 28,058,000Source |
| Increase (Decrease) in Accounts PayableUSD | -2,758,000Source | -999,000Source | 3,001,000Source | 6,332,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -125,291,000Source | -152,906,000Source | -140,250,000Source | -112,167,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 88,861,000Source | -60,049,000Source | -192,365,000Source | -46,651,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 553,000Source | 1,071,000Source | 885,000Source | 1,887,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 169,262,000Source | 122,151,000Source | 151,067,000Source | 180,583,000Source |
| Repayments of Long-term DebtUSD | 14,440,000Source | 11,699,000Source | 47,830,000Source | 9,544,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 132,909,000Source | -90,693,000Source | -181,468,000Source | 20,832,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 341,792,000Source | 208,883,000Source | 299,576,000Source | 481,044,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,251,000Source | 6,796,000Source | 3,088,000Source | 1,556,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 77,000Source | 111,000Source | 80,000Source | -933,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,904,000Source | 11,471,000Source | 11,588,000Source | 6,580,000Source |
| Amortization of Intangible AssetsUSD | 1,300,000Source | 1,300,000Source | 1,300,000Source | 1,300,000Source |
| DepreciationUSD | 8,000,000Source | 8,000,000Source | 5,100,000Source | 5,800,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | 57,000Source | -583,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 15,337,000Source | — |
| GoodwillUSD | — | 4,075,000Source | 4,075,000Source | 4,075,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | 0Source | 0Source | 0Source |
| Goodwill, Impairment LossUSD | 4,100,000Source | — | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 9,300,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -191,372,000Source | -156,778,000Source | -108,056,000Source | -147,232,000Source |
| Income Tax Expense (Benefit)USD | 137,000Source | 25,000Source | 581,000Source | 819,000Source |
| Inventory Write-downUSD | 9,000,000Source | — | — | — |
| Investment Income, InterestUSD | 8,313,000Source | 13,720,000Source | 15,795,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -187,899,000Source | -126,009,000Source | -107,568,000Source | -142,722,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,473,000Source | -30,769,000Source | -488,000Source | -4,510,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -191,099,000Source | -129,209,000Source | -110,768,000Source | -145,922,000Source |
| Operating ExpensesUSD | 165,940,000Source | 122,570,000Source | 125,549,000Source | 114,149,000Source |
| Operating Lease, ExpenseUSD | 1,412,000Source | 1,404,000Source | 1,486,000Source | 1,521,000Source |
| Other Nonoperating Income (Expense)USD | 3,178,000Source | -2,295,000Source | 4,724,000Source | 3,705,000Source |
| Payments of Financing CostsUSD | — | — | 3,469,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 4,000,000Source | 25,122,000Source | 9,052,000Source | 11,923,000Source |
| Restructuring CostsUSD | 5,337,000Source | 2,562,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | 4,008,000Source | -9,940,000Source | — | 779,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 158,162,000Source | 112,132,000Source | 123,394,000Source | 130,484,000Source |
| Cost of RevenueUSD | 184,570,000Source | 148,050,000Source | 133,929,000Source | 160,059,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 60,743,000Source | 64,604,000Source | 64,528,000Source | 79,620,000Source |
| Operating Income (Loss)USD | -192,348,000Source | -158,488,000Source | -136,084,000Source | -143,724,000Source |
| Other Nonoperating Income (Expense)USD | 3,178,000Source | -2,295,000Source | 4,724,000Source | 3,705,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -191,235,000Source | -156,753,000Source | -107,475,000Source | -146,413,000Source |
| Income Tax Expense (Benefit)USD | 137,000Source | 25,000Source | 581,000Source | 819,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,473,000Source | -30,769,000Source | -488,000Source | -4,510,000Source |
| Net Income (Loss) Attributable to ParentUSD | -187,899,000Source | -126,009,000Source | -107,568,000Source | -142,722,000Source |
| Earnings Per Share, BasicUSD per share | -7.42Source | -7.83Source | -0.26Source | -0.38Source |
| Earnings Per Share, DilutedUSD per share | -7.42Source | -7.83Source | -0.26Source | -0.38Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 25,743,252Source | 16,505,257Source | 419,747,796Source | 383,139,140Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 25,743,252Source | 16,505,257Source | 419,747,796Source | 383,139,140Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,300,000Source | 1,300,000Source | 1,300,000Source | 1,300,000Source |
| Goodwill, Impairment LossUSD | 4,100,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -199,523,000Source | -140,713,000Source | -95,910,000Source | -145,439,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -191,372,000Source | -156,778,000Source | -108,056,000Source | -147,232,000Source |
| Interest ExpenseUSD | 10,378,000Source | 9,690,000Source | 7,247,000Source | 6,394,000Source |
| Investment Income, InterestUSD | 8,313,000Source | 13,720,000Source | 15,795,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -191,099,000Source | -129,209,000Source | -110,768,000Source | -145,922,000Source |
| Operating ExpensesUSD | 165,940,000Source | 122,570,000Source | 125,549,000Source | 114,149,000Source |
| Operating Lease, ExpenseUSD | 1,412,000Source | 1,404,000Source | 1,486,000Source | 1,521,000Source |
| Research and Development ExpenseUSD | 34,079,000Source | 55,404,000Source | 61,021,000Source | 34,529,000Source |
| Restructuring CostsUSD | 5,337,000Source | 2,562,000Source | — | — |
Filing attachments
fcel-20260902xex99d1.htm · 8-K · 2026-09-02
EX-99.1 2 fcel-20260902xex99d1.htm EX-99.1 FuelCell Energy Exhibit 99.1 FuelCell Energy Reports Third Fiscal Quarter 2026 Results; Executes First Data Center Power Agreement, Increases Annualized Production Rate & Focuses on Capacity Expansion DANBURY, Conn., September 2, 2026 (GLOBE NEWSWIRE) - FuelCell Energy, Inc. (“FuelCell Energy” or the “Company”) (NASDAQ: FCEL) today reported financial results for its third quarter ended July 31, 2026. Third Fiscal Quarter 2026 Operational and…
Read attachment ↗fcel-20260902xex99d2.htm · 8-K · 2026-09-02
EX-99.2 3 fcel-20260902xex99d2.htm EX-99.2 © 2026 FuelCell Energy 1 Third Quarter 2026 Financial Results & Business Update September 2, 2026 A rendering of a FuelCell Energy data center installation © 2026 FuelCell Energy Exhibit 99.2 © 2026 FuelCell Energy This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance …
Read attachment ↗tm2620028d1_ex99-1.htm · 8-K · 2026-07-09
EX-99.1 4 tm2620028d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FuelCell Energy Announces Launch of Offering of Common Stock DANBURY, Conn., July 7, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today announced the launch of an underwritten public offering of $200 million of shares of its common stock (the “Offering”). All of the shares are being offered by FuelCell Energy. FuelCell Energy expects to grant the underwriters a 30-day option to purchase up to an additional 15% of t…
Read attachment ↗tm2620028d1_ex99-2.htm · 8-K · 2026-07-09
EX-99.2 5 tm2620028d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 FuelCell Energy Announces Upsize and Pricing of Offering of Common Stock DANBURY, Conn., July 7, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) today announced the pricing of its underwritten public offering of 10,714,286 shares of its common stock (the “Offering”) at a public offering price of $21.00 per share. The offering was upsized from the previously announced offering size of $200 million of common stock. The …
Read attachment ↗fcel-20260622xex4d1.htm · 8-K · 2026-06-24
EX-4.1 2 fcel-20260622xex4d1.htm EX-4.1 Exhibit 4.1 THE OFFER AND SALE OF THIS SECURITY AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS SECURITY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY AND SUCH SHARES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT (A) PURSUANT TO A REGISTRATION STATEMENT THAT IS EFFECTIVE UNDER THE SECURITIES ACT; OR (B) PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJ…
Read attachment ↗fcel-20260622xex99d1.htm · 8-K · 2026-06-24
EX-99.1 4 fcel-20260622xex99d1.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE FuelCell Energy and Fit Energy Announce Strategic Agreement for up to 380 MW of Clean Power for Data Centers Initial 30 MW delivery is expected to begin this year. Danbury, Conn., and Boca Raton, Fla., June 23, 2026 (GLOBE NEWSWIRE) - FuelCell Energy, Inc. (Nasdaq: FCEL), a clean energy technology company that manufactures utility scale power solutions, and Fit Energy USA LP (“Fit Energy”), a developer of relia…
Read attachment ↗