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FuelCell Energy

Nasdaq:FCEL
Snowflake Description

Fair value with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCEL
Nasdaq
$5M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The last earnings update was 7 days ago. More info.


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  • FuelCell Energy has significant price volatility in the past 3 months.
FCEL Share Price and Events
7 Day Returns
-44.2%
NasdaqGM:FCEL
4.3%
US Electrical
2%
US Market
1 Year Returns
-98.9%
NasdaqGM:FCEL
3.7%
US Electrical
4.3%
US Market
FCEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FuelCell Energy (FCEL) -44.2% -85.3% -94.9% -98.9% -99.7% -99.9%
US Electrical 4.3% 6.2% 4% 3.7% 37.3% 8.6%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • FCEL underperformed the Electrical industry which returned 3.7% over the past year.
  • FCEL underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
FCEL
Industry
5yr Volatility vs Market

FCEL Value

 Is FuelCell Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FuelCell Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FuelCell Energy.

NasdaqGM:FCEL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:FCEL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.159 (1 + (1- 21%) (2552.39%))
16.76
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqGM:FCEL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FuelCell Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:FCEL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 48.90 Analyst x1 42.65
2020 25.90 Analyst x1 19.70
2021 23.40 Analyst x1 15.53
2022 21.93 Est @ -6.29% 12.69
2023 21.14 Est @ -3.58% 10.67
2024 20.79 Est @ -1.69% 9.15
2025 20.71 Est @ -0.36% 7.95
2026 20.83 Est @ 0.57% 6.98
2027 21.08 Est @ 1.21% 6.16
2028 21.43 Est @ 1.67% 5.46
Present value of next 10 years cash flows $136.95
NasdaqGM:FCEL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $21.43 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$184.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $184.73 ÷ (1 + 14.65%)10
$47.07
NasdaqGM:FCEL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $136.95 + $47.07
$184.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $184.03 / 27.42
$6.71
NasdaqGM:FCEL Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.71
Current discount Discount to share price of $0.18
= -1 x ($0.18 - $6.71) / $6.71
97.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price FuelCell Energy is available for.
Intrinsic value
>50%
Share price is $0.18 vs Future cash flow value of $6.71
Current Discount Checks
For FuelCell Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FuelCell Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FuelCell Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FuelCell Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FuelCell Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:FCEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in USD $-10.66
NasdaqGM:FCEL Share Price ** NasdaqGM (2019-06-24) in USD $0.18
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 17.43x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FuelCell Energy.

NasdaqGM:FCEL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:FCEL Share Price ÷ EPS (both in USD)

= 0.18 ÷ -10.66

-0.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FuelCell Energy is loss making, we can't compare its value to the US Electrical industry average.
  • FuelCell Energy is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does FuelCell Energy's expected growth come at a high price?
Raw Data
NasdaqGM:FCEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
21.1%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.03x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FuelCell Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FuelCell Energy's assets?
Raw Data
NasdaqGM:FCEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in USD $3.64
NasdaqGM:FCEL Share Price * NasdaqGM (2019-06-24) in USD $0.18
United States of America Electrical Industry PB Ratio Median Figure of 63 Publicly-Listed Electrical Companies 1.91x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
NasdaqGM:FCEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:FCEL Share Price ÷ Book Value per Share (both in USD)

= 0.18 ÷ 3.64

0.05x

* Primary Listing of FuelCell Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FuelCell Energy is good value based on assets compared to the US Electrical industry average.
X
Value checks
We assess FuelCell Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. FuelCell Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FCEL Future Performance

 How is FuelCell Energy expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FuelCell Energy expected to grow at an attractive rate?
  • Unable to compare FuelCell Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare FuelCell Energy's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • FuelCell Energy's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:FCEL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:FCEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 21.1%
NasdaqGM:FCEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 18.1%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:FCEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:FCEL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 78 -16 -56 2
2020-10-31 51 -13 -54 2
2019-10-31 48 6 -83 2
NasdaqGM:FCEL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-30 57 -44 -91
2019-01-31 69 -36 -87
2018-10-31 89 16 -62
2018-07-31 119 15 -55
2018-04-30 118 9 -55
2018-01-31 117 -7 -51
2017-10-31 96 -72 -57
2017-07-31 72 -58 -60
2017-04-30 84 -64 -54
2017-01-31 92 -80 -56
2016-10-31 108 -47 -54
2016-07-31 135 -55 -50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FuelCell Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • FuelCell Energy's revenue is expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:FCEL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from FuelCell Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FCEL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31 -3.06 -3.06 -3.06 1.00
2020-10-31 -3.27 -3.27 -3.27 1.00
2019-10-31 -6.78 -5.62 -7.93 2.00
NasdaqGM:FCEL Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-30 -10.66
2019-01-31 -11.60
2018-10-31 -9.01
2018-07-31 -8.81
2018-04-30 -9.78
2018-01-31 -10.47
2017-10-31 -13.73
2017-07-31 -16.86
2017-04-30 -17.97
2017-01-31 -20.65
2016-10-31 -21.83
2016-07-31 -21.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FuelCell Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess FuelCell Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FuelCell Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FCEL Past Performance

  How has FuelCell Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FuelCell Energy's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FuelCell Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FuelCell Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FuelCell Energy's 1-year growth to the US Electrical industry average as it is not currently profitable.
Earnings and Revenue History
FuelCell Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FuelCell Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FCEL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 56.99 -91.46 27.75 24.21
2019-01-31 68.61 -86.76 25.03 25.05
2018-10-31 89.44 -62.17 24.41 22.82
2018-07-31 119.44 -55.02 25.95 19.61
2018-04-30 117.69 -55.20 26.16 18.69
2018-01-31 117.28 -51.06 25.55 19.05
2017-10-31 95.67 -57.10 25.42 20.40
2017-07-31 72.25 -59.99 24.61 21.30
2017-04-30 83.61 -54.00 23.76 21.20
2017-01-31 91.77 -56.13 24.71 20.93
2016-10-31 108.25 -54.16 24.75 20.85
2016-07-31 135.23 -50.16 24.96 20.51
2016-04-30 154.87 -45.68 25.61 19.80
2016-01-31 154.89 -40.21 24.43 19.25
2015-10-31 163.08 -32.56 24.03 17.44
2015-07-31 166.04 -28.40 24.43 16.95
2015-04-30 167.86 -28.84 23.90 16.75
2015-01-31 177.53 -34.79 23.38 16.83
2014-10-31 180.29 -41.33 22.60 18.24
2014-07-31 181.04 -46.33 21.02 18.35
2014-04-30 191.57 -44.96 20.65 17.87
2014-01-31 195.73 -36.48 20.34 17.31
2013-10-31 187.66 -37.56 21.02 15.72
2013-07-31 167.92 -39.20 21.75 14.74
2013-04-30 143.91 -43.51 21.12 14.02
2013-01-31 125.62 -44.43 19.69 13.90
2012-10-31 120.60 -38.70 18.02 14.35
2012-07-31 119.91 -34.42 16.46 15.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if FuelCell Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FuelCell Energy has efficiently used its assets last year compared to the US Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FuelCell Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess FuelCell Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FuelCell Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FCEL Health

 How is FuelCell Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FuelCell Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FuelCell Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • FuelCell Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FuelCell Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FuelCell Energy Company Filings, last reported 1 month ago.

NasdaqGM:FCEL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 134.20 128.62 14.89
2019-01-31 153.83 120.29 27.75
2018-10-31 177.72 103.45 39.29
2018-07-31 165.88 105.77 48.66
2018-04-30 175.05 106.78 66.97
2018-01-31 187.85 97.81 76.78
2017-10-31 189.61 102.85 49.29
2017-07-31 160.47 102.34 35.68
2017-04-30 161.06 100.76 46.45
2017-01-31 166.24 101.30 57.65
2016-10-31 174.95 95.22 84.19
2016-07-31 185.32 65.30 94.15
2016-04-30 154.72 65.57 81.98
2016-01-31 156.66 39.19 76.94
2015-10-31 155.31 29.21 58.85
2015-07-31 158.63 28.81 65.52
2015-04-30 160.75 27.20 82.99
2015-01-31 162.57 26.76 84.66
2014-10-31 159.01 24.91 83.71
2014-07-31 157.54 25.16 107.94
2014-04-30 101.53 25.65 64.25
2014-01-31 86.89 51.01 78.47
2013-10-31 47.37 65.18 67.70
2013-07-31 51.98 61.30 81.36
2013-04-30 57.98 25.61 56.04
2013-01-31 65.53 26.24 86.27
2012-10-31 74.57 22.72 46.88
2012-07-31 85.64 22.42 73.77
  • FuelCell Energy's level of debt (96%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.1% vs 96% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • FuelCell Energy has less than a year of cash runway based on current free cash flow.
  • FuelCell Energy has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.1% each year.
X
Financial health checks
We assess FuelCell Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FuelCell Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FCEL Dividends

 What is FuelCell Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from FuelCell Energy dividends.
If you bought $2,000 of FuelCell Energy shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate FuelCell Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FuelCell Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:FCEL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:FCEL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-10-31
2020-10-31
2019-10-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as FuelCell Energy has not reported any payouts.
  • Unable to verify if FuelCell Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FuelCell Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FuelCell Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FuelCell Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FuelCell Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FuelCell Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FCEL Management

 What is the CEO of FuelCell Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • FuelCell Energy has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the FuelCell Energy management team in years:

8
Average Tenure
47
Average Age
  • The average tenure for the FuelCell Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jennifer Arasimowicz

TITLE
Interim President
COMPENSATION
$795K
AGE
46

Michael Bishop

TITLE
Executive VP
COMPENSATION
$821K
AGE
50
TENURE
8 yrs

Michael Lisowski

TITLE
COO & Executive VP
AGE
48

Tony Leo

TITLE
Chief Technology Officer & Executive VP
AGE
61

Tom Gelston

TITLE
Vice President of Investor Relations
TENURE
1.3 yrs

Darrell Bradford

TITLE
Vice President of Human Resources
TENURE
9.7 yrs

Laura Marcero

TITLE
Chief Restructuring Officer
AGE
43

Lee Sweigart

TITLE
Deputy Chief Restructuring Officer
AGE
42
Board of Directors Tenure

Average tenure and age of the FuelCell Energy board of directors in years:

2.2
Average Tenure
60.5
Average Age
  • The average tenure for the FuelCell Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Herb England

TITLE
Chairman of the Board
COMPENSATION
$103K
AGE
71
TENURE
0.6 yrs

Natica Von Althann

TITLE
Independent Director
COMPENSATION
$103K
AGE
67
TENURE
4.1 yrs

Matthew Hilzinger

TITLE
Independent Director
COMPENSATION
$100K
AGE
54
TENURE
3.8 yrs

Jason Few

TITLE
Independent Director
AGE
51
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Sell John Rolls Individual 20. Nov 18 20. Nov 18 -8,333 $8.53 $-71,060
21. Nov 18 Buy John Rolls Individual 20. Nov 18 20. Nov 18 8,333 $9.02 $75,200
28. Jun 18 Buy John Rolls Individual 27. Jun 18 27. Jun 18 12,667 $15.72 $199,120
X
Management checks
We assess FuelCell Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FuelCell Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FCEL News

Simply Wall St News

Does The FuelCell Energy, Inc. (NASDAQ:FCEL) Share Price Tend To Follow The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since FuelCell Energy has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Is FuelCell Energy, Inc.'s (NASDAQ:FCEL) Balance Sheet Strong Enough To Weather A Storm?

(NASDAQ:FCEL) is a small-cap stock with a market capitalization of US$29m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Does FuelCell Energy, Inc.'s (NASDAQ:FCEL) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Chip Bottone's Compensation Compare With Similar Sized Companies. … has a market cap of US$37m, and is paying total annual CEO compensation of US$1.2m.

Simply Wall St -

Could FuelCell Energy, Inc.'s (NASDAQ:FCEL) Investor Composition Influence The Stock Price?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should FuelCell Energy, Inc.'s (NASDAQ:FCEL) Recent Earnings Decline Worry You?

Today I will assess FCEL's recent performance announced on 31 October 2018 and compare these figures to its long-term trend and industry movements. … Was FCEL's recent earnings decline worse than the long-term trend and the industry. … FCEL is loss-making, with the most recent trailing twelve-month earnings of -US$62.2m (from 31 October 2018), which compared to last year has become.

Simply Wall St -

Did You Manage To Avoid FuelCell Energy's 97% Share Price Wipe Out?

(NASDAQ:FCEL) shareholders are doubtless heartened to see the share price bounce 55% in just one week. … In the last five years FuelCell Energy saw its revenue shrink by 16% per year. … So it's not that strange that the share price dropped 49% per year in that period.

Simply Wall St -

Does FuelCell Energy, Inc. (NASDAQ:FCEL) Have A Volatile Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Will FuelCell Energy, Inc.'s (NASDAQ:FCEL) Earnings Grow Over The Next Few Years?

The latest earnings release FuelCell Energy, Inc.'s (NASDAQ:FCEL) announced in October 2018 … that losses became smaller relative to the prrior year's level

Simply Wall St -

Have Insiders Been Buying FuelCell Energy, Inc. (NASDAQ:FCEL) Shares?

So we'll take a look at whether insiders have been buying or selling shares in FuelCell Energy, Inc. … Director John Rolls made the biggest insider purchase in the last 12 months. … Notably John Rolls was also the biggest seller, having sold US$71k worth of shares

Simply Wall St -

What Kind Of Shareholders Own FuelCell Energy, Inc. (NASDAQ:FCEL)?

The big shareholder groups in FuelCell Energy, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

FCEL Company Info

Description

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SureSource Storage, an energy storage solution. The company’s SureSource power plants generate electricity and usable heat for commercial, industrial, government and utility customers. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, Canada, and Spain. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

Details
Name: FuelCell Energy, Inc.
FCEL
Exchange: NasdaqGM
Founded: 1969
$5,048,802
27,424,239
Website: http://www.fuelcellenergy.com
Address: FuelCell Energy, Inc.
3 Great Pasture Road,
Danbury,
Connecticut, 06810,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM FCEL Common Stock Nasdaq Global Market US USD 22. Sep 1999
DB FEY2 Common Stock Deutsche Boerse AG DE EUR 22. Sep 1999
WBAG FCEL Common Stock Wiener Boerse AG AT EUR 22. Sep 1999
OTCPK FCEL.B PFD PERP CNV B Pink Sheets LLC US USD 26. Apr 2006
Number of employees
Current staff
Staff numbers
489
FuelCell Energy employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 23:36
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/06/17
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.