FuelCell Energy Inc (FCEL)
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-10-29
$12.18-1.62%
Close 2026-10-29 · 1-day change
NASDAQIndustrialsElectrical Equipment & PartsSnapshot 2026-10-29
Research Workspace
Put FCEL beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electrical Components & Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Cash flow from operations improves to less negative than -$27M in 2026-Q2: Cash from operations: $-12.2M.
View ThesisRevenue growth is slowing — up about 1% over the past year and decelerating.
View GrowthMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 5% on a typical day and fell roughly 69% in its worst 12-month stretch.
View RiskFCEL’s data center power solutions must become a revenue engine, despite recent revenue declines and earnings misses. Revenue fell 29% year over year in Q3 FY2026, following a 5% decline in Q2. The latest quarter missed GAAP EPS consensus by 82.9%. FCEL trades at 6× sales versus a 3× peer median, near its 7× historical multiple. The price reflects less growth than our forecast, despite the premium to peers. The specific risk is execution pressure: our model puts the next-quarter miss probability near 56%. Cash from operations improved to negative $12.2 million in Q2 FY2026, above the thesis threshold of negative $27 million. Peer multiples imply a price about 14% above where it trades; the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-29. FCEL is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 12 analysts currently covering FCEL (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for FCEL in the last 4 months.
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Compare FCEL with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| FCEL Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 2 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Electrical Components & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put FCEL next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Securities fraud lawsuit could impact investor confidence.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $12.18
The last 12 months of price, then the range of analyst 12-month targets from today’s $12.18.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Threatens: Grow revenue through data center power solutions and strategic agreements
Profitability issues could hinder revenue growth objectives.
New CFO could enhance financial management and strategy.
Advances: Grow revenue through data center power solutions and strategic agreements
Data center plan aligns with revenue growth objectives.
Advances: Grow revenue through data center power solutions and strategic agreements
Oppenheimer's support indicates potential for revenue growth.
Advances: Grow revenue through data center power solutions and strategic agreements
Analyst rating supports revenue growth through data center solutions.
Advances: Grow revenue through data center power solutions and strategic agreements
Positive analyst view enhances outlook for data center demand.
Advances: Grow revenue through data center power solutions and strategic agreements
Shift in costs enhances revenue growth potential for data center solutions.
