FuelCell Energy

FuelCell Energy, Inc. (NASDAQ: FCEL) is an integrated fuel cell company that designs, manufactures, installs, services and operates stationary fuel cell power plants. With more than 300 megawatts of power generation capacity installed or in backlog on three continents, FuelCell Energy is a global leader in providing ultra-clean continuous distributed generation to utilities, industrial operations, universities, municipalities, and other customers. Our power plants have generated over four billion kilowatt hours of ultra-clean power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. Our headquarters are located in Danbury, Connecticut and North American production is in Torrington, Connecticut. European markets are served from Ottobrunn, Germany. Asian markets are served from South Korea via a partner. Our research teams are advancing innovative applications for our versatile solutions including affordable and scalable carbon capture from existing coal and gas-fired plants, renewable hydrogen for transportation, and ultra-clean and efficient on-site hydrogen generation for industry. In addition, we are pursuing leading-edge research with solid oxide fuel cells as we commercialize sub-megawatt applications and storage solutions.
Company Growth (employees)
Type
Public
HQ
Danbury, US
Founded
1969
Size (employees)
580 (est)-2%
FuelCell Energy was founded in 1969 and is headquartered in Danbury, US

FuelCell Energy Office Locations

FuelCell Energy has offices in Danbury and Torrington
Danbury, US (HQ)
3 Great Pasture Rd
Torrington, US
539 Technology Park Dr

FuelCell Energy Data and Metrics

FuelCell Energy Financial Metrics

FuelCell Energy's revenue was reported to be $20.4 m in Q2, 2017
USD

Revenue (Q2, 2017)

20.4 m

Net income (Q2, 2017)

(26.9 m)

EBIT (Q2, 2017)

(11.5 m)

Market capitalization (25-Jul-2017)

63 m
FuelCell Energy's current market capitalization is $63 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

187.7 m180.3 m163.1 m108.3 m

Revenue growth, %

(4%)(10%)(34%)

Cost of goods sold

29.7 m23 m18.3 m63.5 m

Gross profit

158 m157.3 m144.8 m44.8 m

Gross profit Margin, %

84%87%89%41%

R&D expense

20.8 m

Operating expense total

36.9 m41 m41.7 m46 m

EBIT

(29.8 m)(27.3 m)(28.9 m)(46.4 m)

EBIT margin, %

(16%)(15%)(18%)(43%)

Interest expense

4 m3.6 m3 m5 m

Pre tax profit

(34.9 m)(38.4 m)(29.4 m)(50.7 m)

Income tax expense

(371 k)(488 k)(274 k)(519 k)

Net Income

(35.3 m)(38.9 m)(29.7 m)(51.2 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

43.2 m41.7 m28.6 m41.4 m33.5 m28.6 m21.7 m17 m20.4 m

Cost of goods sold

29.3 m30.3 m18.1 m28.8 m24.4 m15.1 m13.7 m

Gross profit

13.9 m11.3 m10.5 m12.5 m9.1 m13.5 m8 m

Gross profit Margin, %

32%27%37%30%27%47%37%

R&D expense

4.4 m3.5 m4.6 m4.6 m5.3 m5.1 m5.3 m5.4 m5.4 m

Operating expense total

4.4 m3.5 m4.6 m4.6 m5.3 m5.1 m5.3 m5.4 m5.4 m

EBIT

(6 m)(5.1 m)(8.8 m)(7.1 m)(11.5 m)(12.7 m)(10.3 m)(10.9 m)(11.5 m)

EBIT margin, %

(14%)(12%)(31%)(17%)(34%)(44%)(48%)(64%)(56%)

Interest expense

(649 k)(664 k)(626 k)(905 k)(845 k)(982 k)(1.4 m)(2.3 m)(2.3 m)

Pre tax profit

(7 m)(4.1 m)(9.9 m)(6.5 m)(11.7 m)(15.2 m)(10.9 m)(13.6 m)(13.3 m)

Income tax expense

(91 k)(40 k)(55 k)(84 k)(105 k)(177 k)(120 k)(81 k)

Net Income

(34 m)(4.2 m)(14.2 m)(20.8 m)(11.8 m)(27.2 m)(38.3 m)(13.7 m)(26.9 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

67.7 m83.7 m58.9 m84.2 m

Inventories

56.2 m55.9 m65.8 m73.8 m

Current Assets

189.3 m217 m203.9 m202.5 m

PP&E

24.2 m26.6 m29 m36.6 m

Goodwill

4.1 m4.1 m4.1 m4.1 m

Total Assets

237.6 m280.6 m277.2 m342.1 m

Accounts Payable

24.5 m23 m15.7 m18.5 m

Total Debt

5.3 m

Current Liabilities

106.3 m75.1 m74.9 m52.3 m

Total Liabilities

167.9 m

Common Stock

20 k29 k3 k4 k

Additional Paid-in Capital

758.7 m909.4 m934.5 m1 b

Retained Earnings

(771.2 m)(809.3 m)(838.7 m)(889.6 m)

Total Equity

98.4 m94.8 m114.4 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

2.9 x2.9 x3 x
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Accounts Receivable

55.3 m45.4 m43.7 m29.3 m25.6 m24.8 m

Inventories

75.6 m60.3 m66.2 m78.2 m82.3 m75.6 m

Current Assets

225.1 m205.2 m222.8 m234 m180.5 m158.1 m

PP&E

27 m29.1 m29.1 m30.5 m39.3 m40.9 m

Goodwill

4.1 m4.1 m4.1 m4.1 m4.1 m4.1 m

Total Assets

289.9 m294.6 m309.9 m329.6 m328.2 m319.5 m

Accounts Payable

19.2 m14.6 m14.6 m16 m9.5 m10.2 m

Current Liabilities

83.7 m74.8 m76.4 m68.5 m46.2 m49 m

Additional Paid-in Capital

928.9 m947.9 m960.9 m1 b1 b1 b

Retained Earnings

(829.8 m)(850.4 m)(865.8 m)(876.8 m)(903.3 m)(916.6 m)

Total Equity

98.1 m96.2 m94.2 m124.8 m105.7 m100.5 m

Financial Leverage

3 x3.1 x3.3 x2.6 x3.1 x3.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(35.3 m)(38.9 m)(29.7 m)(12.9 m)

Depreciation and Amortization

4.1 m4.4 m4.1 m

Accounts Receivable

3.2 m

Inventories

(5.9 m)1.1 m(10 m)

Accounts Payable

11.8 m(1.6 m)(7.2 m)

Cash From Operating Activities

(16.7 m)(57.5 m)(44.3 m)

Capital Expenditures

(6.6 m)(7.1 m)(6.9 m)

Cash From Investing Activities

(6.2 m)(7.1 m)

Long-term Borrowings

(374 k)(6 m)(1.5 m)

Cash From Financing Activities

43.6 m80.8 m26.5 m

Free Cash Flow

(10.1 m)(50.4 m)(37.3 m)
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(34 m)(4.2 m)(14.2 m)(20.8 m)(11.8 m)(27.2 m)(38.3 m)(13.7 m)(26.9 m)

Depreciation and Amortization

3.3 m963 k1.9 m3 m1.2 m2.3 m3.6 m2.1 m4.3 m

Accounts Receivable

9.5 m3.7 m20.9 m9 m16.5 m17 m26.6 m(2.6 m)(9 m)

Inventories

424 k(725 k)(16 m)(19.7 m)5.5 m(468 k)(12.5 m)(8.5 m)(1.8 m)

Accounts Payable

(8.6 m)(468 k)(2.7 m)(3.8 m)(1.1 m)(1.1 m)(196 k)(5.1 m)(4.8 m)

Cash From Operating Activities

(31.6 m)(2.3 m)(12.3 m)(35.5 m)8.6 m(21.5 m)(46.5 m)(38.6 m)

Capital Expenditures

(4.1 m)(1.6 m)(3.3 m)(3.8 m)(1.3 m)(2.3 m)(4 m)(6.4 m)(8.3 m)

Cash From Investing Activities

(4.1 m)(1.6 m)(3.3 m)(3.8 m)(3.4 m)(7 m)(10.5 m)(8.8 m)(17.8 m)

Long-term Borrowings

(5.9 m)(121 k)(240 k)(1.4 m)(8.9 m)(9.1 m)(9.5 m)(5.1 m)(6.3 m)

Cash From Financing Activities

75.9 m5.1 m15.2 m21.5 m13.1 m51.4 m92.3 m16.7 m22.2 m

Free Cash Flow

(35.7 m)(3.9 m)(15.6 m)(39.3 m)7.3 m(23.8 m)(50.5 m)(46.9 m)
Y, 2017

Financial Leverage

3.2 x

FuelCell Energy Market Value History

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