OverviewSuggest Edit

FuelCell Energy is a company that designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The 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, US
Websitefuelcellenergy.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Oct 2019)301(-38%)
Revenue (FY, 2019)$60.8 M(-32%)
Share Price (Sept 2020)$2.6 (-1%)
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, US (HQ)
3 Great Pasture Rd
Torrington, 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 $60.75 m in FY, 2019 which is a 32.1% decrease from the previous period.
USD

Revenue (Q3, 2020)

18.7m

Gross profit (Q3, 2020)

(3.1m)

Gross profit margin (Q3, 2020), %

(16.7%)

Net income (Q3, 2020)

(15.3m)

EBIT (Q3, 2020)

(10.8m)

Market capitalization (21-Sept-2020)

620.0m

Closing stock price (21-Sept-2020)

2.6

Cash (31-Jul-2020)

66.3m

EV

582.2m
FuelCell Energy's current market capitalization is $620 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

95.7m89.4m60.8m

Revenue growth, %

(7%)(32%)

Cost of goods sold

92.9m86.3m82.0m

Gross profit

2.7m3.1m(21.3m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

38.6m20.8m12.1m17.8m9.2m22.7m16.3m18.9m18.7m

Cost of goods sold

34.0m21.5m14.2m20.0m12.9m14.7m13.0m18.7m21.9m

Gross profit

4.6m(629.0k)(2.1m)(2.2m)(3.6m)8.0m3.3m167.0k(3.1m)

Gross profit Margin, %

12%(3%)(17%)(12%)(39%)35%20%1%(17%)
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

49.3m39.3m9.4m

Accounts Receivable

68.5m23.0m3.3m

Inventories

74.5m53.6m54.5m

Current Assets

203.5m130.3m84.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

76.8m67.0m48.7m27.8m14.9m16.0m38.3m29.1m66.3m

Accounts Receivable

44.1m46.2m39.4m8.3m11.8m3.7m5.6m6.1m7.4m

Inventories

59.9m55.3m60.1m54.8m57.0m59.8m58.4m54.9m51.5m

Current Assets

193.5m181.6m162.6m117.1m104.3m96.4m124.8m111.4m146.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(53.9m)(47.3m)(77.6m)

Depreciation and Amortization

8.5m8.6m12.4m

Inventories

(8.0m)31.7m(6.4m)

Accounts Payable

25.0m(19.8m)(173.0k)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(4.2m)(17.4m)(33.2m)(17.5m)(37.1m)(42.4m)(40.2m)(54.9m)(70.3m)

Depreciation and Amortization

2.1m4.3m6.5m2.2m4.4m8.3m4.6m9.1m13.8m

Inventories

14.8m31.0m22.1m(1.2m)(3.5m)(8.4m)(5.8m)(6.1m)(2.7m)

Accounts Payable

(2.9m)3.3m3.6m(152.0k)9.0m9.4m(2.5m)(3.9m)(7.1m)
USDFY, 2017

EV/EBIT

-4.3 x

EV/CFO

-2.7 x

Revenue/Employee

208.9k

Debt/Equity

0.9 x

Debt/Assets

0.2 x

Financial Leverage

3.8 x

P/E Ratio

(23.1)
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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

$554.20 m$638.50 m$681.90 m$793.20 m$1.20 b$1.30 b$1.30 b$1.40 b$1.32 b$1.36 b$1.34 b

Backlog (Commercial)

$1.31 b

Backlog (Products)

$31.30 m$2.20 m$1.40 m$9.50 m$1 k$100 $1 k$1 k

Backlog (Services)

$182.30 m$178.70 m$189.90 m$317.80 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

FuelCell Energy Revenue Breakdown

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FuelCell Energy revenue breakdown by business segment: 43.8% from Service Agreements and License Revenues, 23.1% from Generation Revenues, 32.3% from Advanced Technologies Contract Revenues and 0.8% from Other

FuelCell Energy revenue breakdown by geographic segment: 92.5% from United States and 7.5% from Other

FuelCell Energy Online and Social Media Presence

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FuelCell Energy News and Updates

FuelCell Energy Announces U.S. Department of Energy Project Award

DANBURY, Conn., Sept. 17, 2020 (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 that the Company’s reversib…

Thinking about buying stock in CleanSpark, Atara Biotherapeutics, FuelCell Energy, Sorrento Therapeutics, or Plug Power?

NEW YORK, Sept. 11, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLSK, ATRA, FCEL, SRNE, and PLUG. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding...

FuelCell Energy Reports Results for the Third Quarter of Fiscal 2020

Third Quarter Fiscal 2020 Highlights(All comparisons year-over-year unless otherwise noted)

Thinking about buying stock in OraSure Technologies, FuelCell Energy, Norwegian Cruise Line, Zynga Inc, or Nio Inc?

NEW YORK, Sept. 4, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OSUR, FCEL, NCLH, ZNGA, and NIO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

FuelCell Energy Announces Third Quarter Results Conference Call on September 10, 2020 at 10 A.M. Eastern Time

DANBURY, Conn., Sept. 04, 2020 (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 …

FuelCell Energy Set to Join Russell 3000® Index

FuelCell Energy, Inc. (Nasdaq: FCEL) with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy – announced that it expects to join the broad-market Russell 3000® Index at the conclusion of the 2020 Russell indexes annual reconstitut…
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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 301 employees.

  • What is FuelCell Energy revenue?

    Latest FuelCell Energy annual revenue is $60.8 m.

  • What is FuelCell Energy revenue per employee?

    Latest FuelCell Energy revenue per employee is $201.8 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.