What is FuelCell Energy's market cap?

FuelCell Energy (FCEL) has a market capitalization of $1.6B and trades on NASDAQ.

What is FuelCell Energy's revenue and profitability?

FuelCell Energy generated $167.9M in trailing twelve-month revenue with a net loss of $222.3M, representing a net margin of -132.4%. Gross margin stands at -18.2%, with free cash flow of -$119.7M. These figures are based on the Q2 2026 filing.

Who are FuelCell Energy's competitors?

FuelCell Energy's key competitors include Bloom Energy, Ballard Power Systems, Plug Power Inc., and others. These companies compete in similar markets and product categories.

Who does FuelCell Energy partner with?

FuelCell Energy's notable partners include Exxon Mobil Corporation, Toyota Motor Corporation, Korea Southern Power Co., Ltd., and others.

What subsidiaries does FuelCell Energy have?

FuelCell Energy's subsidiaries include FuelCell Energy Solutions GmbH, Versa Power Systems.

Where is FuelCell Energy headquartered?

FuelCell Energy is headquartered in United States of America and employs approximately 629 people. It has been publicly traded since 1992.

FuelCell Energy

FCEL

FuelCell Energy is a global leader in sustainable energy solutions, specializing in the design, manufacture, and operation of proprietary fuel cell power plants.

Market cap

$1.55B+1,089%

Revenue$167.9M+29.7%

Net income-$222.3M-58.3%

Free cash flow-$119.7M+29.4%

EPS (diluted)-$5.92+20.8%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

June 8, 2026

Revenue$35.6MMiss by $4.9M EPS-$0.53Miss by $0.01

Read the full report

Next report

Sep 8, 2026 (in 2 months)

Revenue estimate$40.6M

EPS estimate-$0.40

Financials

Q2 2026

Income statement

See full

Revenue$35.6M-4.9%

Gross profit-$12.9M-37.0%

Operating income-$77.9M-118%

Net income-$77.9M-105%

EPS (diluted)-$1.45+19.0%

Balance sheet

See full

Cash & equivalents$373.2M+222%

Total debt$30.2M+14.7%

Total equity$719.4M+18.1%

Total assets$1.0B+13.5%

Cash flow

See full

Operating cash flow-$27.3M+8.7%

CapEx$1.7M-67.7%

Free cash flow-$29.0M+17.5%

Valuation & ratios

Valuation

See full

Market cap$1.55B+1,089%

Enterprise value$1.21B+4,084%

P/S9.3×+8.3×

Profitability

See full

Gross margin-18.2%-3.7pp

Operating margin-135.7%+39.6pp

Net margin-132.4%+37.4pp

FCF margin-71.3%-22.3pp

Returns & leverage

See full

Return on equity-33.5%+31.9pp

Debt / equity0×0.0×

Current ratio8.6×+3.0×

Segments

By product

See full

Electricity Generation$8.7M-28.4%

Advanced Technologies$4.7M+14.7%

Service$4.2M-48.7%

Competitors

By market cap

Bloom Energy$73.1B+1,192%

Generac Holdings$13.9B+58.4%

Chart Industries$10.0B+36.4%

Oklo$8.6B+4.0%

Plug Power$3.3B+111%

FuelCell Energy$1.6B+1,210%

Ballard Power Systems$973.8M+91.0%

SLD

Solid Power$540.0M+32.0%

By revenue growth

Bloom Energy+56.5%

FuelCell Energy+29.7%

Plug Power+15.2%

Generac Holdings-0.5%

Chart Industries-1.5%

SLD

Solid Power-6.9%

By net margin

Generac Holdings6.96%-1.3pp

Bloom Energy0.349%+10.3pp

Chart Industries-0.625%-6.7pp

FuelCell Energy-132.41%-23.9pp

Plug Power-227.13%+85.2pp

SLD

Solid Power-485.47%-37.7pp

Profile

FuelCell Energy is a global leader in sustainable energy solutions, specializing in the design, manufacture, and operation of proprietary fuel cell power plants. The company provides decarbonized energy through electrochemical platforms that convert fuels like natural gas and biogas into electricity, heat, and hydrogen while capturing carbon dioxide.

Competitive position

A pioneer in carbonate fuel cell technology with a significant patent portfolio and established utility-scale deployments.

GeographiesUnited States, South Korea, Europe

Customer segmentsUtilities, Industrial, Government, Healthcare, Education

Business modelManufacturing, Energy-as-a-Service (EaaS), Service and Maintenance, Licensing

SuppliersSpecialty chemical suppliers, Steel and metal fabricators, Natural gas and biogas providers

CustomersElectric utility grids, Industrial manufacturing plants, Commercial microgrids

CountryUnited States of America

Listed1992

Employees629.0

CEOJason Few

SectorIndustrials

IndustryElectrical Equipment & Parts

Websitefuelcellenergy.com

FilingsSEC EDGAR

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Questions, answered.

What is FuelCell Energy's market cap?: FuelCell Energy (FCEL) has a market capitalization of $1.6B and trades on NASDAQ.
What is FuelCell Energy's revenue and profitability?: FuelCell Energy generated $167.9M in trailing twelve-month revenue with a net loss of $222.3M, representing a net margin of -132.4%. Gross margin stands at -18.2%, with free cash flow of -$119.7M. These figures are based on the Q2 2026 filing.
Who are FuelCell Energy's competitors?: FuelCell Energy's key competitors include Bloom Energy, Ballard Power Systems, Plug Power Inc., and others. These companies compete in similar markets and product categories.
Who does FuelCell Energy partner with?: FuelCell Energy's notable partners include Exxon Mobil Corporation, Toyota Motor Corporation, Korea Southern Power Co., Ltd., and others.
What subsidiaries does FuelCell Energy have?: FuelCell Energy's subsidiaries include FuelCell Energy Solutions GmbH, Versa Power Systems.
Where is FuelCell Energy headquartered?: FuelCell Energy is headquartered in United States of America and employs approximately 629 people. It has been publicly traded since 1992.