FCEL — Stock Film
STOCK FILMSCENE 1/11FCEL · $15.89
Stock Expert AI presents
FCEL
FuelCell Energy, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
FuelCell Energy, Inc. What it actually does.

Designs and manufactures stationary fuel cell power plants. Sells and installs fuel cell power plants for distributed baseload power generation. Now — the numbers.

on the stock market since 1992
424 employees
$1.3B market value
WHERE DOES THE MONEY COME FROM?
54%Electricity, Generation
Electricity, GenerationProducts 35%Advanced Technologies 8%Services 3%
54% of all revenue comes from a single line: Electricity, Generation.

The biggest line carries real weight, but it doesn’t decide everything on its own.

Revenue last year:
$158.2M
The loss that same year:
$187.9M
For every $1 it earns, the company spends $2.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 23% a year over the last 4 years. Red columns mark years that ended in a loss.

$69.6M
2021
2022
2023
2024
$158.2M
2025
In the vault right now:
$278.1M
DEBT: $144.0M
At this pace, that money lasts about 1.5 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES

This company is not turning a profit, so the market is pricing its sales instead: for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 14% of them.

Analysts' average target sits 35% above today's price.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 95% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 23% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $158.2M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 45 buys and 33 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $187.9M against $158.2M in annual sales.

2
THE RISKS · 2/3
A wildly swinging price

This stock swings about 2.4 times as much as the market average. Big rallies — and big drops — can both happen fast.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts about 1.5 years. After that, the company needs to find new money.

FINALE · THE GRADE
F
16 / 100 · MoonshotScore

On our five-subject report card, FCEL sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: FCEL is a high-risk stock — not yet profitable, and its future rides on its product catching on.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

Analysts’ average target sits above today’s price, yet the valuation grade (14/100) says the stock isn’t cheap.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film