NasdaqGM:FCEL

Stock Analysis Report

Executive Summary

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation.

Snowflake

Fundamentals

Fair value with concerning outlook.

Risks

  • FuelCell Energy has significant price volatility in the past 3 months.
  • FuelCell Energy is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has FuelCell Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

NasdaqGM:FCEL

2.6%

US Electrical

2.1%

US Market


1 Year Return

-97.5%

NasdaqGM:FCEL

-11.2%

US Electrical

-0.04%

US Market

FCEL underperformed the Electrical industry which returned -10.8% over the past year.

FCEL underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

FCELIndustryMarket
7 Day-1.4%2.6%2.1%
30 Day-5.1%-8.5%-3.2%
90 Day-72.4%-1.3%2.8%
1 Year-97.5%-97.5%-9.3%-11.2%2.2%-0.04%
3 Year-99.4%-99.4%22.1%14.9%41.5%32.3%
5 Year-99.9%-99.9%17.5%5.7%55.0%37.8%

Price Volatility Vs. Market

How volatile is FuelCell Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Unable to calculate PEG ratio for FuelCell Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

FuelCell Energy is good value based on assets compared to the US Electrical industry average.


Next Steps

Future Growth

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

21.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

FuelCell Energy's revenue is expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).

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 growth is expected to exceed the United States of America market average.

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.

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.


Earnings per Share Growth Estimates


Future Return on Equity

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.


Next Steps

Past Performance

How has FuelCell Energy performed over the past 5 years?

-16.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is FuelCell Energy's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

FuelCell Energy's level of debt (95.8%) 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 95.8% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


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.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

0.2yrs

Average management tenure


CEO

FuelCell Energy has no CEO, or we have no data on them.


Management Age and Tenure

0.2yrs

Average Tenure

48yo

Average Age

The average tenure for the FuelCell Energy management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

61.5yo

Average Age

The average tenure for the FuelCell Energy board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$75,20021 Nov 18
John Rolls
EntityIndividual
Shares8,333.33
Max PriceUS$9.02
SellUS$71,06021 Nov 18
John Rolls
EntityIndividual
Shares8,333.33
Max PriceUS$8.53

Ownership Breakdown


Management Team

  • Tom Gelston

    Vice President of Investor Relations

    • Tenure: 1.5yrs
  • Laura Marcero (44yo)

    Chief Restructuring Officer

    • Tenure: 0.2yrs
  • Michael Bishop (51yo)

    Executive VP

    • Tenure: 8.2yrs
    • Compensation: US$821.48k
  • Tony Leo (62yo)

    Chief Technology Officer & Executive VP

    • Tenure: 0.2yrs
  • Darrell Bradford

    Vice President of Human Resources

    • Tenure: 9.8yrs
  • Jennifer Arasimowicz (47yo)

    Interim President

    • Tenure: 0.2yrs
    • Compensation: US$794.66k
  • Lee Sweigart (43yo)

    Deputy Chief Restructuring Officer

    • Tenure: 0.2yrs
  • Michael Lisowski (49yo)

    COO & Executive VP

    • Tenure: 0.2yrs

Board Members

  • Matthew Hilzinger (55yo)

    Independent Director

    • Tenure: 4.0yrs
    • Compensation: US$100.00k
  • Natica Von Althann (68yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$102.50k
  • Jason Few (52yo)

    Independent Director

    • Tenure: 0.8yrs
  • Herb England (72yo)

    Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$102.50k

Company Information

FuelCell Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FuelCell Energy, Inc.
  • Ticker: FCEL
  • Exchange: NasdaqGM
  • Founded: 1969
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$43.441m
  • Shares outstanding: 125.92m
  • Website: https://www.fuelcellenergy.com

Number of Employees


Location

  • FuelCell Energy, Inc.
  • 3 Great Pasture Road
  • Danbury
  • Connecticut
  • 6810
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCELNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDSep 1999
FEY2DB (Deutsche Boerse AG)YesCommon StockDEEURSep 1999
FCELWBAG (Wiener Boerse AG)YesCommon StockATEURSep 1999
FCEL.BOTCPK (Pink Sheets LLC)PFD PERP CNV BUSUSDApr 2006

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:36
End of Day Share Price2019/08/22 00:00
Earnings2019/04/30
Annual Earnings2018/10/31


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.