NasdaqGM:FCEL

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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. More Details


Snowflake Analysis

Limited growth with worrying balance sheet.


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

Stable Share Price: FCEL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.8%

FCEL

-5.6%

US Electrical

-3.3%

US Market


1 Year Return

592.0%

FCEL

17.5%

US Electrical

10.9%

US Market

Return vs Industry: FCEL exceeded the US Electrical industry which returned 17.5% over the past year.

Return vs Market: FCEL exceeded the US Market which returned 10.9% over the past year.


Shareholder returns

FCELIndustryMarket
7 Day-12.8%-5.6%-3.3%
30 Day-22.4%-5.4%-5.7%
90 Day9.1%17.9%8.2%
1 Year592.0%592.0%19.9%17.5%13.4%10.9%
3 Year-89.1%-89.1%32.7%25.0%34.9%25.9%
5 Year-97.8%-97.8%55.4%43.6%84.6%63.8%

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 compared to its fair value and its price relative to the market?

5.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FCEL ($2.28) is trading above our estimate of fair value ($0.96)

Significantly Below Fair Value: FCEL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FCEL is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.

PE vs Market: FCEL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FCEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FCEL is overvalued based on its PB Ratio (5.6x) compared to the US Electrical industry average (2.8x).


Next Steps

Future Growth

How is FuelCell Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

24.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FCEL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FCEL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FCEL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FCEL's revenue (24.6% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: FCEL's revenue (24.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FCEL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has FuelCell Energy performed over the past 5 years?

-22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FCEL is currently unprofitable.

Growing Profit Margin: FCEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FCEL is unprofitable, and losses have increased over the past 5 years at a rate of 22.6% per year.

Accelerating Growth: Unable to compare FCEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FCEL is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-22.8%).


Return on Equity

High ROE: FCEL has a negative Return on Equity (-67.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is FuelCell Energy's financial position?


Financial Position Analysis

Short Term Liabilities: FCEL's short term assets ($146.8M) exceed its short term liabilities ($54.6M).

Long Term Liabilities: FCEL's short term assets ($146.8M) do not cover its long term liabilities ($225.9M).


Debt to Equity History and Analysis

Debt Level: FCEL's debt to equity ratio (86.7%) is considered high.

Reducing Debt: FCEL's debt to equity ratio has increased from 18.2% to 86.7% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: FCEL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FCEL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FCEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FCEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FCEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FCEL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FCEL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Jason Few (53 yo)

1.08yrs

Tenure

US$935,535

Compensation

Mr. Jason B. Few has been Chief Commercial Officer of FuelCell Energy, Inc since September 12, 2019. He serves as President, Chief Executive Officer and Director of FuelCell Energy, Inc. since August 26, 2 ...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD935.54K) is below average for companies of similar size in the US market ($USD2.03M).

Compensation vs Earnings: Insufficient data to compare Jason's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jason Few
Chief Commercial Officer1.08yrsUS$935.54k0.0046%
$ 25.4k
Michael Bishop
Executive VP9.25yrsUS$569.17k0.0094%
$ 51.4k
Michael Lisowski
COO & Executive VP1.25yrsUS$812.40k0.00067%
$ 3.7k
Anthony Leo
Chief Technology Officer & Executive VP1.25yrsUS$789.29k0.0040%
$ 21.6k
Jennifer Arasimowicz
Chief Administrative Officer1yrUS$542.83k0.0064%
$ 34.9k
Thomas Gelston
Senior Vice President of Finance & Investor Relations2.58yrsno datano data
Darrell Bradford
Vice President of Human Resources10.92yrsno datano data
Frank Wolak
Senior Vice President of Sales - Americas1.25yrsno datano data
Laura Marcero
Chief Restructuring Officer1.25yrsno datano data
Lee Sweigart
Deputy Chief Restructuring Officer1.25yrsno datano data
Ben Toby
Senior Vice President of Direct Sales & Customer Service0.83yrno datano data
Jill Crossman
Senior VP & Global Controller0.42yrno datano data

1.3yrs

Average Tenure

49yo

Average Age

Experienced Management: FCEL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jason Few
Chief Commercial Officer1.08yrsUS$935.54k0.0046%
$ 25.4k
Matthew Hilzinger
Independent Director5.08yrsUS$115.00k0.0060%
$ 32.7k
Natica Von Althann
Independent Director5.33yrsUS$105.00k0.0068%
$ 37.1k
J. Groobey
Independent Director0.83yrno data0.027%
$ 145.2k
James England
Independent Chairman of the Board1.83yrsUS$115.00k0.0061%
$ 33.4k

1.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FCEL's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.3%.


Top Shareholders

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$545.773m
  • Shares outstanding: 239.37m
  • 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 Analysis2020/09/25 05:32
End of Day Share Price2020/09/24 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


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.