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/FCEL
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Fuelcell Energy Inc

Fuelcell Energy Inc

FCEL
$15.89USD+1.92%+0.30 today

MARKET CAP

1.3B

P/E (TTM)

FWD P/E

DAY RANGE

$16 – $17

52W RANGE

$6
$38

AI Summary

Stalk
Sell NowMedium

FCEL remains in a Stage 4 downtrend with price below all key EMAs and a Bearish Exhaustion inflection signaling only a temporary relief bounce. Medium-term bias is bearish, and rallies into declining 9-EMA/20-EMA provide structurally appropriate trim zones. Muted volume on the bounce indicates limited buying conviction, favoring short entries near current resistance levels. A sustained break below recent lows or the 200-day SMA would worsen the downtrend and invalidate this short bias.

  • Pipeline up 250% to 4 GW of submitted proposals
  • Q1 revenue $30.5M (+61% YoY) driven by module deliveries
  • Negative earnings yield and weak profitability hinder returns
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$69.6M$130.5M$123.4M$112.1M$158.2M
YoY %-1.8%+87.5%-5.4%-9.1%+41.0%
P / Sales45.8x9.2x3.7x1.5x1.5x
EV / Sales42.1x7.1x3.3x2.2x1.0x
Gross Profit, Adj.$-15.6M$-29.6M$-10.5M$-35.9M$-26.4M
YoY %-102.4%-89.1%+64.4%-240.9%+26.5%
Margin %-22.5%-22.7%-8.5%-32.0%-16.7%
EV / Gross Profit-187.2x-31.2x-38.2x-6.8x-5.8x
EBITDA, Adj.$-45.0M$-122.5M$-110.7M$-119.7M$-80.8M
YoY %-127.6%-171.9%+9.6%-8.2%+32.5%
Margin %-64.7%-93.8%-89.7%-106.8%-51.1%
EV / EBITDA-65.0x-7.5x-3.6x-2.0x-1.9x
EBIT$-64.9M$-143.7M$-136.1M$-158.5M$-192.3M
YoY %-65.7%-121.4%+5.3%-16.5%-21.4%
Margin %-93.3%-110.1%-110.3%-141.3%-121.6%
EV / EBIT-45.1x-6.4x-3.0x-1.5x-0.8x
Net Income$-104.3M$-145.9M$-110.8M$-129.2M$-191.1M
YoY %-12.8%-40.0%+24.1%-16.6%-47.9%
Net Margin-149.8%-111.8%-89.8%-115.2%-120.8%
EPS (GAAP)-$9.30-$11.43-$7.92-$7.83-$7.42
YoY %+26.2%-22.9%+30.7%+1.1%+5.2%