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FuelCell Energy, Inc (FCEL) Fair Value & Analysis

Industrials · US · Market cap $1.6B

Price$21.56
Fair Value$3.55
Upside-83.5%
Quality94/100
Evidence: Low Range $2.34 – $4.43

Fair value as of: Jun 25, 2026

Analysis

FuelCell Energy, Inc (FCEL) currently trades at $21.56, while our model-based Fair Value estimate is $3.55 — implying the stock looks roughly 83.5% overvalued today. We read business quality at 94/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

About the company

FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers…

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Frequently asked questions

Is FuelCell Energy, Inc (FCEL) undervalued?
As of Jun 25, 2026, our model estimates a fair value of $3.55 versus a price of $21.56 — about −84% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FCEL?
Our 21-model fair value for FuelCell Energy, Inc is $3.55 (as of Jun 25, 2026), built from audited fundamentals. The current price is $21.56.
What is the quality score of FCEL?
FuelCell Energy, Inc has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.