Fuelcell Energy Inc (FCEL)
Fuelcell Energy Inc brought in $154.1M of revenue over the twelve months to July 31, 2026, up 1.1% from a year earlier. It posted a net loss of $175.1M. In fiscal 2025 capital spending exceeded operating cash flow by $143.9M. At July 31, 2026 it held $658.1M in cash against $153.6M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 2, 2026.
Watch FCEL in 60 secondsWhat Fuelcell Energy Inc does
Fuelcell Energy Inc is registered with the SEC under industry code SIC 3620 (Electrical Industrial Apparatus). Its shares trade on NASDAQ under the ticker FCEL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $158.2M | -$187.9M | -$7.42 | -$143.9M |
| 2024 | $112.1M | -$126M | -$7.83 | -$200.6M |
| 2023 | $123.4M | -$107.6M | -$7.92 | -$179.6M |
| 2022 | $130.5M | -$142.7M | -$11.43 | -$133.2M |
| 2021 | $69.6M | -$101.1M | -$9.32 | -$76.8M |
| 2020 | $70.9M | -$89.1M | -$12.63 | -$37.2M |
Full financial statements: income, balance sheet and cash flow
Where FCEL ranks in Energy
Latest SEC filings
What Fuelcell Energy Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 2, 2026Quarterly report 10-Q · period to July 31, 2026Revenue fell 29% to $33M versus the same quarter last year; diluted EPS -$0.64 versus -$3.78.
- September 2, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 4, 2026Passive stake (5% or more) SCHEDULE 13G
- July 28, 2026Passive stake (5% or more) SCHEDULE 13G
- July 21, 2026Other event 8-K
- July 21, 2026
- July 13, 2026Passive stake (5% or more) SCHEDULE 13G
- July 9, 2026
- July 8, 2026
Insider trades
What the people running Fuelcell Energy Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $741.9K and sold $71.8K worth of shares in the last 90 days. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 14, 2026 | Livingston III Homer JohnDirector | Bought | 16,404 | $247K |
| July 16, 2026 | Livingston III Homer JohnDirector | Bought | 26,343 | $495K |
| July 6, 2026 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Soldpre-planned (10b5-1) | 2,500 | $71.8K |
| May 8, 2026 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Exercised options | 2,020 | - |
| May 8, 2026 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Shares withheld for tax | 492 | $6.7K |
| April 21, 2026 | Bingham Betsy BDirector | Exercised options | 23,859 | - |
| April 21, 2026 | von Althann NaticaDirector | Exercised options | 23,859 | - |
| April 20, 2026 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Soldpre-planned (10b5-1) | 2,500 | $20K |
| December 30, 2025 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Exercised options | 6,250 | - |
| December 30, 2025 | Achanta ShankarEVP, Chf. Product &Tech Ofc. | Shares withheld for tax | 1,688 | $13.4K |
| December 30, 2025 | Bishop Michael S.EVP, TREASURER & CFO | Exercised options | 11,363 | - |
| December 30, 2025 | Bishop Michael S.EVP, TREASURER & CFO | Shares withheld for tax | 3,562 | $28.3K |
| December 30, 2025 | Dolger JoshuaGeneral Counsel & Corp Sec | Exercised options | 6,250 | - |
| December 30, 2025 | Dolger JoshuaGeneral Counsel & Corp Sec | Shares withheld for tax | 1,959 | $15.6K |
| December 30, 2025 | Few JasonCEO, Director | Exercised options | 29,250 | - |
Who owns FCEL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
7 insiders reported holding 198,163 shares in total, about $3.2M at the last price.
| Holder | Shares |
|---|---|
| Few JasonCEO, Director | 71,648 |
| Livingston III Homer JohnDirector | 42,747 |
| von Althann NaticaDirector | 23,988 |
| Bingham Betsy BDirector | 23,859 |
| Bishop Michael S.EVP, TREASURER & CFO | 21,560 |
| Dolger JoshuaGeneral Counsel & Corp Sec | 11,743 |
| Achanta ShankarEVP, Chf. Product &Tech Ofc. | 2,618 |
Questions about FCEL
What does Fuelcell Energy Inc do?
Fuelcell Energy Inc is registered with the SEC under industry code SIC 3620 (Electrical Industrial Apparatus). Its shares trade on NASDAQ under the ticker FCEL.
Is Fuelcell Energy Inc profitable?
No. Over the twelve months to July 31, 2026 it reported a net loss of $175.1M on revenue of $154.1M.
How much revenue does Fuelcell Energy Inc make?
Over the twelve months to July 31, 2026 Fuelcell Energy Inc reported revenue of $154.1M. That is 1.1% more than a year earlier.
When did Fuelcell Energy Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on September 2, 2026. It covers the period to July 31, 2026. Its newest filing of any kind is the insider trade from September 15, 2026.
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Follow FCEL: get an email when it filesWhere the numbers come from
Financial figures are the values Fuelcell Energy Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.