OverviewSuggest Edit

FuelCell Energy is a company that designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. It company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology.
TypePublic
Founded1969
HQDanbury, CT, US
Websitefuelcellenergy.com
Employee Ratings2.5
Overall CultureC+

Latest Updates

Employees (est.) (Oct 2020)316(+5%)
Revenue (FY, 2020)$70.9 M(+17%)
Share Price (Jun 2021)$10
Cybersecurity ratingAMore

Key People/Management at FuelCell Energy

Michael Bishop

Michael Bishop

Executive Vice President, Chief Financial Officer and Treasurer
Jason Few

Jason Few

President, Chief Executive Officer and Chief Commercial Officer, Director
Jennifer D. Arasimowicz

Jennifer D. Arasimowicz

Executive Vice President, General Counsel and Corporate Secretary and Chief Administrative Officer
Anthony Leo

Anthony Leo

Executive Vice President, Chief Technology Officer
Michael Lisowski

Michael Lisowski

Executive Vice President, Chief Operating Officer
Jill Crossman

Jill Crossman

Senior Vice President, Global Controller
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FuelCell Energy Office Locations

FuelCell Energy has offices in Danbury, Torrington and Taufkirchen
Danbury, CT, US (HQ)
3 Great Pasture Rd
Torrington, CT, US
539 Technology Park Dr
Taufkirchen, DE
Ludwig-Bölkow-Allee 40c
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FuelCell Energy Financials and Metrics

FuelCell Energy Revenue

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FuelCell Energy's revenue was reported to be $70.87 m in FY, 2020 which is a 16.7% increase from the previous period.
USD

Revenue (Q1, 2021)

14.9m

Gross profit (Q1, 2021)

(3.6m)

Gross profit margin (Q1, 2021), %

(24.3%)

Net income (Q1, 2021)

(46.0m)

EBIT (Q1, 2021)

(14.4m)

Market capitalization (4-Jun-2021)

3.2b

Closing stock price (4-Jun-2021)

10.0

Cash (31-Jan-2021)

178.6m

EV

3.1b
FuelCell Energy's current market capitalization is $3.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

89.4m60.8m70.9m

Revenue growth, %

(7%)(32%)17%

Cost of goods sold

86.3m82.0m78.6m

Gross profit

3.1m(21.3m)(7.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

17.8m9.2m22.7m16.3m18.9m18.7m14.9m

Cost of goods sold

20.0m12.9m14.7m13.0m18.7m21.9m18.5m

Gross profit

(2.2m)(3.6m)8.0m3.3m167.0k(3.1m)(3.6m)

Gross profit Margin, %

(12%)(39%)35%20%1%(17%)(24%)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

39.3m9.4m149.9m

Accounts Receivable

23.0m3.3m9.6m

Inventories

53.6m54.5m51.0m

Current Assets

130.3m84.3m234.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

27.8m14.9m16.0m38.3m29.1m66.3m178.6m

Accounts Receivable

8.3m11.8m3.7m5.6m6.1m7.4m10.0m

Inventories

54.8m57.0m59.8m58.4m54.9m51.5m61.9m

Current Assets

117.1m104.3m96.4m124.8m111.4m146.8m278.4m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(47.3m)(77.6m)(89.1m)

Depreciation and Amortization

8.6m12.4m19.4m

Inventories

31.7m(6.4m)(2.1m)

Accounts Payable

(19.8m)(173.0k)(7.1m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(17.5m)(37.1m)(42.4m)(40.2m)(54.9m)(70.3m)(46.0m)

Depreciation and Amortization

2.2m4.4m8.3m4.6m9.1m13.8m5.6m

Inventories

(1.2m)(3.5m)(8.4m)(5.8m)(6.1m)(2.7m)(8.6m)

Accounts Payable

(152.0k)9.0m9.4m(2.5m)(3.9m)(7.1m)(1.9m)
USDFY, 2018

EV/EBIT

-2.9 x

EV/CFO

8 x

EV/FCF

20.8 x

Revenue/Employee

182.9k

Debt/Equity

1.1 x

Debt/Assets

0.3 x

Financial Leverage

4.1 x

P/E Ratio

(13.6)
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FuelCell Energy Operating Metrics

FuelCell Energy's Backlog was reported to be $1.3b in Q2, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Backlog

$554.2 m$638.5 m$681.9 m$793.2 m$1.2 b$1.3 b$1.3 b$1.4 b$1.32 b$1.36 b$1.34 b

Backlog (Commercial)

$1.31 b

Backlog (Products)

$31.3 m$2.2 m$1.4 m$9.5 m$1 k$100$1 k$1 k

Backlog (Services)

$182.3 m$178.7 m$189.9 m$317.8 m$316 m$169.37 m$167.83 m$160.94 m
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FuelCell Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Bakersfield Fuel Cell 1, LLC
Bridgeport Fuel Cell, LLC
BRT Fuel Cell, LLC
Central CA Fuel Cell 2, LLC
Central CT Fuel Cell 1, LLC
CR Fuel Cell, LLC
Derby Fuel Cell, LLC
DFC ERG CT, LLC
Eastern Connecticut Fuel Cell Properties, LLC
Farmingdale Fuel Cell, LLC
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FuelCell Energy Revenue Breakdown

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FuelCell Energy revenue breakdown by business segment: 35.5% from Service Agreements and License Revenues, 28.1% from Generation Revenues and 36.4% from Advanced Technologies Contract Revenues

FuelCell Energy revenue breakdown by geographic segment: 96.4% from United States and 3.6% from Other

FuelCell Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

FuelCell Energy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

FuelCell Energy Online and Social Media Presence

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FuelCell Energy Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    C

    67/100

  • Compensation

    C

    67/100

Learn more on Comparably

FuelCell Energy News and Updates

FuelCell Energy Announces Second Quarter Results Conference Call on June 10, 2021 at 10 A.M. Eastern Time

DANBURY, Conn., June 03, 2021 (GLOBE NEWSWIRE) -- FuelCell Energy (Nasdaq: FCEL) -- a global leader in fuel cell technology -- with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today announced the upcoming release of it…

FuelCell Energy gets additional DOE funding for SOFC systems, but stock extends selloff

FuelCell Energy Inc. announced Tuesday that the the U.S. Department of Energy will provide an additional $8 million in funding to continue developing its "ultra-high efficiency" solid oxide fuel cell (SOFC) systems for power generation. The additional Phase 2 funding comes after the company demonst…

U.S. Department of Energy Awards FuelCell Energy an Additional $8 Million in Funding For its Differentiated Solid Oxide Platform

DANBURY, Conn., May 04, 2021 (GLOBE NEWSWIRE) --  FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy— announces progress toward achieving comme…

FuelCell Energy Celebrates Earth Day; Announces Significant 12 Million MWH Generated Milestone

DANBURY, Conn., April 22, 2021 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy— in celebration of Earth Day, today annou…

FuelCell Energy Reports Results for the First Quarter of Fiscal 2021

First Quarter Fiscal 2021 Highlights(All comparisons year-over-year unless otherwise noted)

FuelCell Energy Announces Joining Hydrogen Europe

DANBURY, Conn., March 12, 2021 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in fuel cell technology—with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy—today announced it has joined Hydrogen Eu…
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FuelCell Energy Blogs

Danbury manufacturer gets $8 million federal contract to prove nuclear alternative-NewsTimes

FuelCell Energy has an $8 million contract from the U.S. Department of Energy, one with the promise of extending the purpose of the nation’s aging fleet of nuclear power plants — not to mention a possible new lease on life for the Danbury-based company’s fuel cells. DOE will test whether nuclear pla…

US DOE provides funding for $26 million in nuclear plant hydrogen projects- S&P Global

Washington — The US Department of Energy has provided funding to two projects worth $26 million seeking to advance hydrogen generation by nuclear reactors, starting with a facility at an Xcel Energy plant, DOE said in a statement Oct. 8. The DOE funding requires recipients to match the government su…

FuelCell Energy raises $117m to advance business goals- H2 View

FuelCell Energy has raised approximately $177m to advance its business growth goals within the hydrogen and fuel cell market. In a recent announcement, the Connecticut-based company said it’s dedicated to growing its platform and sales pipeline of opportunities in South Korean and Asian Markets, som…

FuelCell Energy Frequently Asked Questions

  • When was FuelCell Energy founded?

    FuelCell Energy was founded in 1969.

  • Who are FuelCell Energy key executives?

    FuelCell Energy's key executives are Michael Bishop, Jason Few and Jennifer D. Arasimowicz.

  • How many employees does FuelCell Energy have?

    FuelCell Energy has 316 employees.

  • What is FuelCell Energy revenue?

    Latest FuelCell Energy annual revenue is $70.9 m.

  • What is FuelCell Energy revenue per employee?

    Latest FuelCell Energy revenue per employee is $224.3 k.

  • Who are FuelCell Energy competitors?

    Competitors of FuelCell Energy include SFC Energy, Doosan Fuel Cell America and ClearCell Power.

  • Where is FuelCell Energy headquarters?

    FuelCell Energy headquarters is located at 3 Great Pasture Rd, Danbury.

  • Where are FuelCell Energy offices?

    FuelCell Energy has offices in Danbury, Torrington and Taufkirchen.

  • How many offices does FuelCell Energy have?

    FuelCell Energy has 3 offices.