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Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.
Detailed revenue, brand and relationship research has not yet been completed for FCEL.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
39
Poor
Financial Strength
51
Business Quality / Moat
48
Management
40
Growth Quality
20
Risk / Durability
10
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
30
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
41/100
Building Historical Record
Model Score 41/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
WSS currently sees meaningful weaknesses in the company-strength profile.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for FCEL
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving FCEL's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•How long can FCEL fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is FCEL likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for FCEL to reach sustainable profitability?
•What future growth or profitability would be needed to justify FCEL's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FCEL
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~-11.7x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on FCEL.
What the Bulls Say
+Product opportunity: FuelCell Energy, Inc., alongside its subsidiaries, is involved in the complete lifecycle of stationary fuel cell power plants, covering their design, manufacturing, sales, installation, continuous operation, and servicing. These systems are developed for decentralized, consistent baseload electricity generation. The company offers a range of SureSource platforms: the 1.4-megawatt (MW) SureSource 1500, the 2.8 MW SureSource 3000, the 3.7 MW SureSource 4000, the 250-kilowatt (kW) SureSource 250, a.
What the Bears Say
−Diluted weighted-average shares increased 188.1% year over year.
−Negative free cash flow may increase the need for outside financing and dilution.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Very Weak25/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
72
Debt Cost7.2%
Debt Reduction YoY8.0%
Debt / Equity0.20x
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Revenue
Poor
12
Revenue YoY-2.5%
Revenue CAGR13.2%
Net Margin-1.1%
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Asset
Weak
42
Asset Growth YoY-1.3%
Liquidation/Share$12.29
Net Assets/MCap0.86x
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Capital
Poor
0
Earnings Yield-13.4%
Buyback Yield0.0%
Debt Cost7.2%
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Management
Weak
40
ROIC-24.5%
ROE-18.0%
ROA-13.4%
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Moat
Weak
48
EPS Growth—
FCF/Share Growth—
Rev/Share Growth2.3%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Weak
40
Revenue12
Moat48
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
14
Interest Coverage-11.7x
ROIC-24.5%
FCF Yield-11.3%
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Master
Poor
22
Financial14
Valuation0
Debt72
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Resilience
Poor
30
Survival Years1.9 yrs
Current Ratio6.63x
FCF Margin-0.9%
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Score Changes
6 historical score records available
Previous Score
24
Sep 24, 2026
Change
+0.1
points
Current Score
25
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets+1.2
Capital0
Management0
Moat0
Valuation0
Buffett+0.2
FCEL increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
19
Projected Change
-6.0%
Preliminary comparable-period financial changes suggest decline of approximately 6.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$18.47
Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.