Market Summary
USD1.18+0.02
Market Closed1.72%
FCEL Stock Price
FCEL RSI Chart
FCEL Valuation
FCEL Price/Sales (Trailing)
FCEL Profitability
FCEL Fundamentals
FCEL Revenue
FCEL Earnings
Price Action
52 Week Range
1.134.36
(Low)(High)
Last 7 days
-4.8%
Last 30 days
-16.9%
Last 90 days
-45.9%
Trailing 12 Months
-68.3%
FCEL Financial Health
FCEL Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
Get all data in R, Python etc through our Historical Stock Data APIs
Latest Insider Trading transactions for FCEL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-24 | Lisowski Michael | sold (taxes) | -66,933 | 1.33 | -50,326 | evp & chief operating officer |
2023-08-24 | Bishop Michael S. | sold (taxes) | -76,062 | 1.33 | -57,190 | evp, treasurer & cfo |
2023-08-24 | Bishop Michael S. | acquired | - | - | 123,410 | evp, treasurer & cfo |
2023-08-24 | Few Jason | sold (taxes) | -152,121 | 1.33 | -114,377 | ceo |
2023-08-24 | Few Jason | acquired | - | - | 246,819 | ceo |
2023-08-24 | Lisowski Michael | acquired | - | - | 108,600 | evp & chief operating officer |
2023-08-24 | Leo Anthony | sold (taxes) | -22,635 | 1.33 | -17,019 | evp & chief technology officer |
2023-08-24 | Leo Anthony | acquired | - | - | 54,299 | evp & chief technology officer |
2023-03-24 | Feasel Mark | sold (taxes) | -75,357 | 2.79 | -27,010 | evp & ch. commercial officer |
2023-03-24 | Feasel Mark | acquired | - | - | 83,493 | evp & ch. commercial officer |
Which funds bought or sold FCEL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -58.00 | 181 | -% |
2023-09-20 | BARCLAYS PLC | reduced | -1.91 | -1,995,000 | 5,780,000 | -% |
2023-09-13 | CGC Financial Services, LLC | new | - | 393 | 393 | -% |
2023-09-12 | Farther Finance Advisors, LLC | new | - | 1,097 | 1,097 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 57,212 | 57,212 | -% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 108 | 108 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.94 | -382,906 | 1,065,520 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -5.38 | -254,578 | 651,128 | -% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 22.00 | 22.00 | -% |
2023-08-16 | GTS SECURITIES LLC | new | - | 84,884 | 84,884 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of FuelCell Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| May 05, 2023 | blackrock inc. | 10.3% | 41,638,351 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.43% | 38,273,473 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.5% | 38,346,213 | SC 13G/A | |
| May 09, 2022 | blackrock inc. | 10.4% | 37,989,638 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.00% | 36,667,184 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.81% | 32,316,818 | SC 13G | |
| Feb 01, 2022 | blackrock inc. | 8.9% | 32,625,987 | SC 13G/A | |
| May 07, 2021 | blackrock inc. | 10.4% | 33,587,739 | SC 13G/A | |
| Feb 22, 2021 | rosen lawrence i | 4.04% | 13,009,490 | SC 13G/A | |
| Feb 16, 2021 | cvi investments, inc. | - | 129,167 | SC 13G/A |
Recent SEC filings of FuelCell Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | 10-Q | Quarterly Report | |
| Sep 11, 2023 | 8-K | Current Report | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 8-K | Current Report | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | DEF 14A | DEF 14A | |
| Aug 22, 2023 | DEFA14A | DEFA14A |
Peers (Alternatives to FuelCell Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ETN | 84.9B | 22.0B | -3.90% | 58.18% | 31.3 | 3.85 | 11.48% | 17.16% |
EMR | 55.5B | 16.4B | 0.49% | 29.29% | 4.2 | 3.38 | 10.61% | 318.06% |
AME | 35.0B | 6.4B | -2.96% | 31.73% | 28.31 | 5.44 | 8.50% | 12.86% |
HUBB | 18.1B | 5.2B | -3.70% | 37.71% | 33.07 | 3.57 | 12.87% | 23.98% |
| MID-CAP | ||||||||
GNRC | 6.6B | 4.0B | -6.42% | -37.60% | 35.25 | 1.64 | -9.27% | -65.68% |
ATKR | 5.4B | 3.7B | -0.47% | 92.19% | 7.06 | 1.48 | -3.44% | -14.01% |
AYI | 5.2B | 4.1B | 1.88% | 3.80% | 13.78 | 1.29 | 4.21% | 3.22% |
PLUG | 4.4B | 879.8M | -9.39% | -68.96% | -5.31 | 5.05 | 47.16% | -33.02% |
| SMALL-CAP | ||||||||
VICR | 2.6B | 413.2M | -17.33% | -3.22% | 67.17 | 6.21 | 12.99% | 1.24% |
FCEL | 524.8M | 41.4M | -16.90% | -68.28% | -29.86 | 12.66 | -60.61% | 85.88% |
ULBI | 153.1M | 143.9M | -0.32% | 94.26% | 60.49 | 1.06 | 33.26% | 284.48% |
CBAT | 76.1M | 197.0M | -7.25% | -30.46% | -5.17 | 0.39 | 13.27% | -148.36% |
SUNW | 21.9M | 166.9M | -43.05% | -83.44% | -0.7 | 0.13 | 27.89% | 11.90% |
POLA | 15.0M | 17.9M | -5.69% | -57.97% | -2.85 | 0.84 | 6.62% | -946.43% |
WATT | 7.5M | 616.2K | -29.91% | 57.69% | -0.33 | 12.25 | -29.63% | 36.90% |
FuelCell Energy News
Returns for FCEL
Cumulative Returns on FCEL
-39.6%
10-Year Cumulative Returns
-43.4%
7-Year Cumulative Returns
-38.1%
5-Year Cumulative Returns
-21.8%
3-Year Cumulative Returns
Risks for FCEL
What is the probability of a big loss on FCEL?
100%
Probability that FuelCell Energy stock will be more than 20% underwater in next one year
100%
Probability that FuelCell Energy stock will be more than 30% underwater in next one year.
99.6%
Probability that FuelCell Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does FCEL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if FuelCell Energy was unfortunately bought at previous high price.
Drawdowns
Financials for FuelCell Energy
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | -29.8% | 41,444,000 | 59,038,000 | 37,073,000 | 31,795,000 | 105,218,000 | 88,934,000 | 86,503,000 | 69,585,000 | 72,649,000 | 64,557,000 | 69,484,000 | 70,871,000 | 64,913,000 | 68,897,000 | 59,233,000 | 60,752,000 | 67,595,000 | 56,993,000 | 68,607,000 | 89,437,000 | 119,442,000 |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | -7,725,000 | -23,069,000 | -11,976,000 | -15,783,000 | -21,269,000 | 3,263,000 | -6,758,000 | -3,747,000 | 3,093,000 | 5,114,000 |
| Operating Expenses | 25.6% | 45,913,000 | 36,550,000 | 27,692,000 | 41,949,000 | 100,862,000 | 88,730,000 | 80,457,000 | 49,263,000 | 44,151,000 | 40,100,000 | 35,775,000 | 31,441,000 | 31,967,000 | 33,368,000 | 39,042,000 | 45,660,000 | 49,070,000 | 52,453,000 | 50,576,000 | 47,725,000 | 46,057,000 |
| S&GA Expenses | 20.2% | 20,245,000 | 16,843,000 | 15,009,000 | 36,965,000 | 75,041,000 | 69,545,000 | 65,981,000 | 37,948,000 | 34,867,000 | 32,812,000 | 30,310,000 | 26,644,000 | 27,293,000 | 27,744,000 | 30,381,000 | 31,874,000 | 29,203,000 | 28,245,000 | 25,525,000 | 24,908,000 | 26,446,000 |
| R&D Expenses | 30.2% | 25,668,000 | 19,707,000 | 12,683,000 | 4,984,000 | 25,821,000 | 19,185,000 | 14,476,000 | 11,315,000 | 9,284,000 | 7,288,000 | 5,465,000 | 4,797,000 | 4,674,000 | 5,624,000 | 8,661,000 | 13,786,000 | 19,867,000 | 24,208,000 | 25,051,000 | 22,817,000 | 19,611,000 |
| EBITDA | 100.0% | - | -776,000 | 1,912,000 | -118,745,000 | -101,103,000 | -85,435,000 | -74,898,000 | -73,788,000 | -65,322,000 | -65,825,000 | -59,977,000 | -54,390,000 | -73,665,000 | -65,069,000 | -73,822,000 | - | - | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.01 | 0.05 | -0.91 | -0.96 | -0.96 | -0.87 | -1.06 | -0.90 | -1.02 | -0.86 | -0.77 | -1.13 | -0.94 | -1.25 | - | - | - | - | - | - |
| Interest Expenses | 22.2% | 1,597,000 | 1,307,000 | 1,512,000 | 1,428,000 | 5,359,000 | 5,291,000 | 5,147,000 | 7,363,000 | 9,930,000 | 12,541,000 | 14,562,000 | 15,294,000 | 13,842,000 | 13,213,000 | 11,436,000 | 10,623,000 | 10,228,000 | 9,126,000 | 9,378,000 | 9,055,000 | 8,949,000 |
| Earnings Before Taxes | 20.1% | -19,408,000 | -24,290,000 | -20,508,000 | -46,120,000 | -128,881,000 | -112,388,000 | -101,183,000 | -101,023,000 | -95,722,000 | -99,053,000 | -94,890,000 | -89,061,000 | -105,369,000 | -95,339,000 | -100,042,000 | -77,459,000 | -56,391,000 | -66,966,000 | -60,679,000 | -50,349,000 | -46,237,000 |
| EBT Margin | 100.0% | - | -0.41 | -0.55 | -1.12 | -1.22 | -1.26 | -1.17 | -1.45 | -1.32 | -1.53 | -1.37 | -1.26 | -1.62 | -1.38 | -1.69 | - | - | - | - | - | - |
| Net Income | 22.6% | -17,573,000 | -22,708,000 | -18,622,000 | -40,624,000 | -124,436,000 | -107,019,000 | -95,719,000 | -101,055,000 | -95,730,000 | -99,064,000 | -94,916,000 | -89,107,000 | -105,430,000 | -95,410,000 | -100,171,000 | -77,568,000 | -56,485,000 | -67,055,000 | -60,699,000 | -47,334,000 | -43,217,000 |
| Net Income Margin | 100.0% | - | -0.38 | -0.50 | -1.09 | -1.18 | -1.20 | -1.11 | -1.45 | -1.32 | -1.53 | -1.37 | -1.26 | -1.62 | -1.38 | -1.69 | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -136,130,000 | -117,790,000 | -112,167,000 | -97,941,000 | -93,983,000 | -87,875,000 | -70,438,000 | -72,789,000 | -110,522,666 | -107,890,666 | -84,079,666 | -84,140,666 | -74,392,666 | -72,418,666 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | 10.1% | 945 | 859 | 892 | 940 | 944 | 946 | 855 | 875 | 880 | 536 | 552 | 524 | 437 | 395 | 391 | 333 | 361 | 341 | 346 | 340 | 358 |
| Current Assets | 13.7% | 515 | 453 | 525 | 580 | 580 | 595 | 509 | 543 | 574 | 246 | 278 | 234 | 147 | 111 | 125 | 84.00 | 96.00 | 104 | 117 | 130 | 163 |
| Cash Equivalents | 36.3% | 336 | 247 | 315 | 458 | 457 | 490 | 405 | 460 | 494 | 171 | 210 | 192 | 107 | 73.00 | 74.00 | 40.00 | 46.00 | 53.00 | 68.00 | 80.00 | 87.00 |
| Inventory | -2.0% | 86.00 | 87.00 | 101 | 91.00 | 81.00 | 83.00 | 65.00 | 67.00 | 60.00 | 59.00 | 62.00 | 51.00 | 52.00 | 55.00 | 58.00 | 55.00 | 60.00 | 57.00 | 55.00 | 54.00 | 60.00 |
| Net PPE | 11.8% | 80.00 | 71.00 | 63.00 | 58.00 | 53.00 | 45.00 | 41.00 | 39.00 | 36.00 | 35.00 | 35.00 | 36.00 | 37.00 | 39.00 | 40.00 | 41.00 | 42.00 | 44.00 | 47.00 | 48.00 | 46.00 |
| Goodwill | 0% | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Liabilities | 16.3% | 177 | 153 | 157 | 185 | 185 | 186 | 183 | 170 | 154 | 167 | 165 | 269 | 281 | 285 | 267 | 198 | 217 | 208 | 193 | 163 | 193 |
| Current Liabilities | -5.9% | 59.00 | 63.00 | 66.00 | 86.00 | 81.00 | 80.00 | 75.00 | 53.00 | 43.00 | 56.00 | 53.00 | 59.00 | 55.00 | 53.00 | 49.00 | 63.00 | 99.00 | 111 | 88.00 | 60.00 | 84.00 |
| Shareholder's Equity | 10.9% | 708 | 638 | 675 | 684 | 690 | 698 | 597 | 642 | 666 | 309 | 328 | 195 | 96.00 | 49.00 | 65.00 | 76.00 | 85.00 | 50.00 | 59.00 | 82.00 | 96.00 |
| Retained Earnings | -1.7% | -1,485 | -1,460 | -1,426 | -1,407 | -1,365 | -1,336 | -1,305 | -1,265 | -1,241 | -1,229 | -1,210 | -1,164 | -1,145 | -1,130 | -1,115 | - | -1,039 | -1,034 | -1,015 | -990 | -976 |
| Additional Paid-In Capital | 4.1% | 2,186 | 2,101 | 2,096 | 2,094 | 2,057 | 2,028 | 1,909 | 1,908 | 1,908 | 1,539 | 1,538 | 1,359 | 1,243 | 1,180 | 1,180 | 1,151 | 1,125 | 1,085 | 1,074 | 1,073 | 1,073 |
| Shares Outstanding | 9.3% | 445 | 407 | 406 | 406 | 394 | 373 | 367 | 367 | 337 | 323 | 312 | 295 | 210 | 207 | 202 | 194 | 22.00 | 183 | 8.00 | 8.00 | 7.00 |
| Minority Interest | 6.8% | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 | -5.50 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | -9.1% | -148 | -136 | -117 | -112 | -97.94 | -93.98 | -87.87 | -70.44 | -72.79 | -63.22 | -60.59 | -36.78 | -36.84 | -27.09 | -25.12 | -30.57 | -31.33 | -43.79 | -35.63 | 16.00 | 15.00 |
| Share Based Compensation | 12.3% | 10.00 | 9.00 | 8.00 | 7.00 | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Cashflow From Investing | -12.8% | -145 | -129 | -115 | -46.65 | -68.50 | -80.15 | -84.40 | -73.23 | -52.46 | -40.39 | -28.81 | -32.52 | -34.29 | -54.23 | -63.37 | -69.30 | -74.50 | -53.37 | -58.09 | -51.26 | -44.85 |
| Cashflow From Financing | 184.7% | 151 | 53.00 | 168 | 181 | 152 | 493 | 368 | 412 | 512 | 201 | 225 | 222 | 133 | 102 | 94.00 | 60.00 | 64.00 | 45.00 | 47.00 | 28.00 | 43.00 |
FCEL Income Statement
2023-07-31Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
| Revenues: | ||||
| Total revenues | $ 25,510 | $ 43,104 | $ 100,932 | $ 91,283 |
| Costs of revenues: | ||||
| Total costs of revenues | 33,725 | 47,284 | 110,003 | 105,668 |
| Gross loss | (8,215) | (4,180) | (9,071) | (14,385) |
| Operating expenses: | ||||
| Administrative and selling expenses | 17,560 | 14,158 | 47,637 | 64,357 |
| Research and development expenses | 15,620 | 9,659 | 43,000 | 22,316 |
| Total costs and expenses | 33,180 | 23,817 | 90,637 | 86,673 |
| Loss from operations | (41,395) | (27,997) | (99,708) | (101,058) |
| Interest expense | (1,912) | (1,622) | (4,926) | (4,757) |
| Interest income | 3,966 | 932 | 11,064 | 1,025 |
| Gain on extinguishment of finance obligations and debt, net | 15,337 | 15,337 | ||
| Other income, net | 403 | 204 | 216 | 61 |
| Loss before provision for income taxes | (23,601) | (28,483) | (78,017) | (104,729) |
| Provision for income taxes | (494) | (581) | (494) | |
| Net loss | (23,601) | (28,977) | (78,598) | (105,223) |
| Net income (loss) attributable to noncontrolling interests | 678 | 437 | (1,394) | (4,968) |
| Net loss attributable to FuelCell Energy, Inc. | (24,279) | (29,414) | (77,204) | (100,255) |
| Series B preferred stock dividends | (800) | (800) | (2,400) | (2,400) |
| Net loss attributable to common stockholders | $ (25,079) | $ (30,214) | $ (79,604) | $ (102,655) |
| Loss per share basic and diluted: | ||||
| Net loss per share attributable to common stockholders, basic | $ (0.06) | $ (0.08) | $ (0.19) | $ (0.27) |
| Net loss per share attributable to common stockholders, diluted | $ (0.06) | $ (0.08) | $ (0.19) | $ (0.27) |
| Basic weighted average shares outstanding | 415,867,594 | 387,465,758 | 409,361,826 | 375,638,293 |
| Diluted weighted average shares outstanding | 415,867,594 | 387,465,758 | 409,361,826 | 375,638,293 |
| Net loss | $ (23,601) | $ (28,977) | $ (78,598) | $ (105,223) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | (164) | (86) | 132 | (326) |
| Total comprehensive loss | (23,765) | (29,063) | (78,466) | (105,549) |
| Comprehensive income (loss) attributable to noncontrolling interests | 678 | 437 | (1,394) | (4,968) |
| Comprehensive loss attributable to FuelCell Energy, Inc. | (24,443) | (29,500) | (77,072) | (100,581) |
| Series B Preferred Stock | ||||
| Operating expenses: | ||||
| Series B preferred stock dividends | (800) | (800) | (2,400) | (2,400) |
| Product | ||||
| Revenues: | ||||
| Total revenues | 18,000 | 9,095 | 36,000 | |
| Costs of revenues: | ||||
| Total costs of revenues | 2,910 | 17,919 | 7,425 | 39,159 |
| Service | ||||
| Revenues: | ||||
| Total revenues | 9,841 | 9,049 | 49,913 | 13,855 |
| Costs of revenues: | ||||
| Total costs of revenues | 9,575 | 7,718 | 40,633 | 13,123 |
| Generation | ||||
| Revenues: | ||||
| Total revenues | 10,982 | 10,877 | 28,979 | 27,423 |
| Costs of revenues: | ||||
| Total costs of revenues | 17,483 | 18,136 | 51,166 | 42,978 |
| Advanced Technologies | ||||
| Revenues: | ||||
| Total revenues | 4,687 | 5,178 | 12,945 | 14,005 |
| Costs of revenues: | ||||
| Total costs of revenues | $ 3,757 | $ 3,511 | $ 10,779 | $ 10,408 |
FCEL Balance Sheet
2023-07-31Consolidated Balance Sheets - USD ($) $ in Thousands | Jul. 31, 2023 | Oct. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents, unrestricted | $ 303,679 | $ 458,055 |
| Restricted cash and cash equivalents - short-term | 6,078 | 4,423 |
| Investments - short-term | 77,431 | |
| Accounts receivable, net | 10,102 | 4,885 |
| Unbilled receivables | 18,986 | 11,019 |
| Inventories | 85,561 | 90,909 |
| Other current assets | 12,832 | 10,989 |
| Total current assets | 514,669 | 580,280 |
| Restricted cash and cash equivalents - long-term | 26,665 | 18,566 |
| Inventories - long-term | 7,549 | 7,549 |
| Project assets, net | 248,223 | 232,886 |
| Property, plant and equipment, net | 79,533 | 58,137 |
| Operating lease right-of-use assets, net | 8,690 | 7,189 |
| Goodwill | 4,075 | 4,075 |
| Intangible assets, net | 16,400 | 17,373 |
| Other assets | 39,449 | 13,662 |
| Total assets (1) | 945,253 | 939,717 |
| Current liabilities: | ||
| Current portion of long-term debt | 9,763 | 13,198 |
| Current portion of operating lease liabilities | 668 | 650 |
| Accounts payable | 22,404 | 28,196 |
| Accrued liabilities | 23,046 | 27,415 |
| Deferred revenue | 3,114 | 16,341 |
| Total current liabilities | 58,995 | 85,800 |
| Long-term deferred revenue and customer deposits | 9,095 | |
| Long-term operating lease liabilities | 9,277 | 7,575 |
| Long-term debt and other liabilities | 109,130 | 82,863 |
| Total liabilities (1) | 177,402 | 185,333 |
| Redeemable noncontrolling interest | 3,030 | |
| Stockholders' equity: | ||
| Common stock ($0.0001 par value); 500,000,000 shares authorized as of July 31, 2023 and October 31, 2022; 444,704,081 and 405,562,988 shares issued and outstanding as of July 31, 2023 and October 31, 2022, respectively | 44 | 41 |
| Additional paid-in capital | 2,186,405 | 2,094,076 |
| Accumulated deficit | (1,485,177) | (1,407,973) |
| Accumulated other comprehensive loss | (1,620) | (1,752) |
| Treasury stock, Common, at cost (206,544 and 142,837 shares as of July 31, 2023 and October 31, 2022, respectively) | (1,026) | (855) |
| Deferred compensation | 1,026 | 855 |
| Total stockholder's equity | 699,652 | 684,392 |
| Noncontrolling interests | 8,342 | 7,105 |
| Total equity | 707,994 | 691,497 |
| Total liabilities, redeemable Series B preferred stock, redeemable noncontrolling interest and total equity | 945,253 | 939,717 |
| Series B Preferred Stock | ||
| Current liabilities: | ||
| Redeemable Series B preferred stock (liquidation preference of $64,020 as of July 31, 2023 and October 31, 2022) | $ 59,857 | $ 59,857 |
FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. It also provides SureSource Capture system that separates and concentrates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; solid oxide fuel cell/solid oxide electrolysis cell stack technology. The company's SureSource power plants generate clean electricity, usable heat, water, and hydrogen. In addition, it provides engineering, procurement, and construction services; project financing services; and real-time monitoring and remote operation, online support system, preventative maintenance, parts and supplies, on-site and classroom training, and power plant refurbishment/recycling services, as well as technical services in the areas of plant operation and performance, and fuel processing. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.