Stocktoria
FUELCELL ENERGY INC FCEL
FUELCELL ENERGY INC (FCEL) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $158.2M at a -118.8% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.57 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.41 |
| Retained earnings / assets | -1.963 |
| EBIT / assets | -0.206 |
| Equity / liabilities | 3.34 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FCEL | FUELCELL ENERGY INC | 3/9 | -1.59 | — | +41% |
| GRFXY | Graphex Group Ltd | 5/9 | -1.83 | — | -88.8% |
| SCIA | SCI Engineered Materials, Inc. | 4/9 | 9.03 | 18.3 | -14.3% |
| NPWR | NET Power Inc. | 1/9 | -17.29 | — | — |
| EAF | GRAFTECH INTERNATIONAL LTD | 3/9 | -1.65 | — | -6.4% |
| PLUG | PLUG POWER INC | 4/9 | -11.45 | — | +12.9% |
| BE | Bloom Energy Corp | 3/9 | 2.02 | — | +37.3% |
About FUELCELL ENERGY INC
FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers, wastewater treatment, commercial and hospitality, and microgrids; and industrial, commercial, municipal, and government customers, including manufacturing facilities, pharmaceutical processing facilities, universities, and healthcare facilities. The company primarily operates in the United States, South Korea, Europe, and Canada. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
FAQ
Is FCEL financially healthy?
FUELCELL ENERGY INC's Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does FCEL pay a dividend?
No, FUELCELL ENERGY INC does not currently pay a dividend.
How profitable is FCEL?
In FY2025, FUELCELL ENERGY INC had a net margin of -118.8% and a return on equity of -28.0%.
What is the analyst price target for FCEL?
The average Wall-Street price target for FUELCELL ENERGY INC is $22.00, about 1.5% above the recent price, from 6 analysts (consensus: hold).
Is FCEL a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on FUELCELL ENERGY INC: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.