FUELCELL ENERGY INC
At today's price, FUELCELL ENERGY INC (FCEL) is priced for today's economics sustained for ~39.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
FuelCell Energy is a pre-profit company priced on sales: at $24.02 (as of June 27, 2026) it trades at about 7.9x revenue, which implies an eventual operating margin near 3% with revenue growth beyond 25% a year sustained for roughly 40 years, an assumption the inversion calls extreme, and no valuation family reaches the price. The loss is the central fact: Q2 2026 revenue was $35.6 million (down 5%) against a net loss of $77.6 million, trailing operating margin is near minus 110%, and the compa
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136 institutional managers reported holding FCEL in 13F filings for the quarter ended 2026-03-31. Together they hold about 50% of the company; the top 10 hold 29%. 25 opened new positions that quarter. Held by Vanguard Group, Susquehanna International Group, Two Sigma, among others. On the short side, 6.9M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at FCEL over the trailing three years. Absence is a fact about the company, not a signal. 7 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FCEL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-09 | -2.1% | -19.7% |
| 2023-09-12 | -6.3% | -8.2% |
| 2023-12-20 | -5.2% | -13.1% |
| 2024-03-08 | -7.4% | -38.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FCEL's latest 8-K filings: 2026-07-09 (items 1.01, 7.01, 9.01); 2026-06-24 (items 1.01, 3.02, 7.01, 8.01, 9.01); 2026-06-08 (items 2.02, 7.01, 9.01); 2026-05-21 (items 5.02, 7.01, 9.01); 2026-04-06 (items 5.02, 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.