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Fuelcell Energy FCEL · USD

Industrials · US listing · 🇺🇸 United States

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10.82

+8.69%

Close of 9 Nov 2026, in USD

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About Fuelcell Energy

From its filings with the US Securities and Exchange Commission

SEC filings

Fuelcell Energy is based in Danbury, Connecticut and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FCEL. The SEC classifies its business as electrical industrial apparatus. In the fiscal year to 31 October 2025, it reported revenue of $158.2m and a net loss of $187.9m. At that date it held total assets of $932.1m and shareholders' equity of $662.2m.

Read the filing on SEC.gov ↗

Company facts

Sector
Industrials
Industry
Electrical Equipment
Listed since
25 Jun 1992
Employees
424
Head office
3 GREAT PASTURE ROAD, DANBURY, CT, 06810
Incorporated in
DE
Classification
Electrical Industrial Apparatus
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. James EnglandIndependent Chairman of the Board$232,500
  • Mr. Jason FewPresident, Chief Executive Officer, Director, since 2018$4.2m
  • Mr. Michael BishopChief Financial Officer, Executive Vice President, Treasurer$1.9m
  • Mr. Shankar AchantaExecutive Vice President, Chief Product & Technology Officer
  • Mr. Joshua DolgerExecutive Vice President, General Counsel, Corporate Secretary$1.2m
  • Mr. Michael LisowskiExecutive Vice President - Strategic Partnerships$1.2m
  • Mr. Mike HillChief Commercial Officer
  • Ms. Betsy BinghamIndependent Director$182,500
  • Ms. Cynthia HansenIndependent Director$182,500
  • Mr. Matthew HilzingerIndependent Director$195,000
  • Mr. Tyrone JordanIndependent Director$182,500
  • Ms. Natica Von AlthannIndependent Director$190,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
38
Environment
29
Social
50
Governance
34
Direct emissions (scope 1)
175,907 t
Energy emissions (scope 2)
4,276 t
Women in the workforce
26%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • FuelCell Energy develops proprietary molten-carbonate fuel cell technology for distributed baseload power solutions.
  • The firm offers turnkey power generation solutions including installation and maintenance services.
  • Direct FuelCell plants generate electricity, heat, and hydrogen for industrial uses.

Weaknesses

  • The company employs only 316 full-time employees in the electrical equipment sector.
  • Operations are concentrated in Danbury, Connecticut, limiting geographic diversity significantly.
  • Revenue depends heavily on utility companies and government entities for sales.

Opportunities

  • Commercializing solid oxide fuel cell plants for sub-megawatt applications expands market reach.
  • Fuel cell carbon capture solutions address needs in coal or gas-fired power plants.
  • Tri-generation configurations serve transportation uses alongside industrial enterprises for hydrogen demand.

Threats

  • Reliance on municipal and university contracts creates vulnerability to budget cuts.
  • Industrial and commercial enterprises may delay adoption due to high initial costs.
  • Competitors in the electrical equipment sector could undermine proprietary technology advantages.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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