FuelCell Energy Inc (FCEL)
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-11-05
$8.93-15.28%
Close 2026-11-05 · 1-day change
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-11-05
QuarterlyIQ Insights · FCEL
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Third Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) [TABLE] ● | Committed Backlog of $1.3 billion as of July 31, 2026, compared…
Stated in 2 of 2 supplied quarters. Management reported: “We expect to begin delivery of the initial phase (Phase 0) consisting of 30 MW of generation capacity in the fourth quarter of fiscal year 2026.” “ Subsequent to the end of the third quarter, FuelCell Energy signed its first Capacity Reservation Agreement with a major data center operator for a planned 75 MW project in Texas.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 59% for the rest of the cohort, n=6983).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Third Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) [TABLE] ● | Committed Backlog of $1.3 billion as of July 31, 2026, compared…”
“Second Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) ● Backlog of $1.14 billion as of April 30, 2026, compared to $1.26 billion…”
Third Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) [TABLE] ● | Committed Backlog of $1.3 billion as of July 31, 2026, compared…
Stated in 2 of 2 supplied quarters. Management reported: “The expansion to 500 MW of annualized manufacturing capacity is scheduled for completion by June 2028.” “We expect to begin delivery of the initial phase (Phase 0) consisting of 30 MW of generation capacity in the fourth quarter of fiscal year 2026.”
“Third Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) [TABLE] ● | Committed Backlog of $1.3 billion as of July 31, 2026, compared…”
“Second Fiscal Quarter 2026 Operational and Financial Highlights (All comparisons are year-over-year unless otherwise noted) ● Backlog of $1.14 billion as of April 30, 2026, compared to $1.26 billion…”
Based on this planned increase in annualized production rate, the Company is now targeting achieving positive Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to the conversion o…
Stated in 2 of 2 supplied quarters. Management reported: “Based on this planned increase in annualized production rate, the Company is now targeting achieving positive Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to the conversion of Awarded Capacity Backlog into Committed Backlog, customer delivery schedules and continued execution of the Company’s cost reduction initiatives.” “As production volumes increase, we expect improved absorption of fixed manufacturing overhead, greater purchasing scale and continued execution of our cost reduction initiatives to result in product and overhead costs per unit below our current cost profile.”
“Based on this planned increase in annualized production rate, the Company is now targeting achieving positive Adjusted EBITDA results in the fourth quarter of fiscal 2027, subject to the conversion o…”
“The improvement in Adjusted EBITDA reflects lower cash operating costs than in the prior period.”
The Company currently intends to use the net proceeds from this offering for capital expenditures related to expansion of manufacturing capacity to support growth, working capital and general corpora…
Stated in 2 of 2 supplied quarters. Management reported: “The Company currently intends to use the net proceeds from this offering for capital expenditures related to expansion of manufacturing capacity to support growth, working capital and general corporate purposes.” “ Cash and Restricted Cash Cash and cash equivalents and restricted cash and cash equivalents totaled $737.3 million as of July 31, 2026, compared to $341.8 million as of October 31, 2025.”
“The Company currently intends to use the net proceeds from this offering for capital expenditures related to expansion of manufacturing capacity to support growth, working capital and general corpora…”
“The Company estimates that total cost of the expansion will range from $200 to $275 million.”
Continue expanding the Torrington, CT manufacturing facility to reach 500 MW annualized production capacity by June 2028.
Over the trailing year it converted 1.52x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
18 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=8936).
Not investment advice. As of 2026-11-05.