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

Overvalued with concerning outlook.


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

-2.9%

FCEL

3.6%

US Electrical

1.8%

US Market


1 Year Return

-97.5%

FCEL

2.0%

US Electrical

7.3%

US Market

Return vs Industry: FCEL underperformed the US Electrical industry which returned 2% over the past year.

Return vs Market: FCEL underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

FCELIndustryMarket
7 Day-2.9%3.6%1.8%
30 Day-23.4%-1.2%-0.7%
90 Day-16.0%1.8%0.06%
1 Year-97.5%-97.5%4.2%2.0%9.7%7.3%
3 Year-99.5%-99.5%41.1%32.7%46.3%36.9%
5 Year-99.9%-99.9%35.1%21.6%64.5%46.5%

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?

0.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate FCEL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FCEL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FCEL is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 good value based on its PB Ratio (0.4x) compared to the US Electrical industry average (1.5x).


Next Steps

Future Growth

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

22.8%

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 (8.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: FCEL's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FCEL is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has FuelCell Energy performed over the past 5 years?

-17.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FCEL is unprofitable, and losses have increased over the past 5 years at a rate of -17.9% 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 (24%).


Return on Equity

High ROE: FCEL has a negative Return on Equity (-38.78%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FCEL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FCEL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is FuelCell Energy's financial position?


Financial Position Analysis

Short Term Liabilities: FCEL's short term assets ($96.4M) do not cover its short term liabilities ($98.8M)

Long Term Liabilities: FCEL's short term assets (96.4M) do not cover its long term liabilities (116.9M)


Debt to Equity History and Analysis

Debt Level: FCEL's debt to equity ratio (94.7%) is considered high

Reducing Debt: FCEL's debt to equity ratio has increased from 16% to 94.7% over the past 5 years.


Balance Sheet

Inventory Level: FCEL has a high level of physical assets or inventory.

Debt Coverage by Assets: FCEL's debt is not covered by short term assets (assets are 0.7x 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.

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's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

0.3yrs

Average management tenure


CEO

Jason Few (52yo)

0.2yrs

Tenure

0

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 ...


Management Age and Tenure

0.3yrs

Average Tenure

49yo

Average Age

Experienced Management: FCEL's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FCEL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

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


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: 1.7yrs
  • Jason Few (52yo)

    Chief Commercial Officer

    • Tenure: 0.2yrs
  • Laura Marcero (44yo)

    Chief Restructuring Officer

    • Tenure: 0.3yrs
  • Michael Bishop (51yo)

    Executive VP

    • Tenure: 8.3yrs
    • Compensation: US$821.48k
  • Tony Leo (62yo)

    Chief Technology Officer & Executive VP

    • Tenure: 0.3yrs
  • Darrell Bradford

    Vice President of Human Resources

    • Tenure: 10yrs
  • Jennifer Arasimowicz (47yo)

    Chief Administrative Officer

    • Tenure: 0.08yrs
    • Compensation: US$794.66k
  • Lee Sweigart (43yo)

    Deputy Chief Restructuring Officer

    • Tenure: 0.3yrs
  • Michael Lisowski (49yo)

    COO & Executive VP

    • Tenure: 0.3yrs

Board Members

  • Matthew Hilzinger (55yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$100.00k
  • Natica Von Althann (68yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$102.50k
  • Jason Few (52yo)

    Chief Commercial Officer

    • Tenure: 0.2yrs
  • Herb England (72yo)

    Independent Chairman of the Board

    • Tenure: 0.9yrs
    • 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$53.816m
  • Shares outstanding: 183.55m
  • 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 Analysis2019/10/17 23:35
End of Day Share Price2019/10/17 00:00
Earnings2019/07/31
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.