FCEL (FuelCell Energy) Construction In Progress: $1.1 Mil (As of Apr. 2026)


FCEL FuelCell Energy Inc FCEL
60 GF Score
Price $19.17
GF Value $7.94
Valuation Significantly Overvalued
! 8 Warning Signs
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What is FuelCell Energy Construction In Progress?

FuelCell Energy FCEL -11.11% 60 Construction In Progress is $1.1 Mil as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 60/100 and a GF Value™ of $7.94 (Significantly Overvalued). The stock has 8 warning signs investors should review.

FuelCell Energy's quarterly construction in progress declined from Oct. 2025 ($38.1 Mil) to Jan. 2026 ($0.9 Mil) but then increased from Jan. 2026 ($0.9 Mil) to Apr. 2026 ($1.1 Mil).

FuelCell Energy's annual construction in progress declined from Oct. 2023 ($124.5 Mil) to Oct. 2024 ($68.8 Mil) and declined from Oct. 2024 ($68.8 Mil) to Oct. 2025 ($38.1 Mil).

FuelCell Energy Construction In Progress Historical Data

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The historical data trend for FuelCell Energy's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FuelCell Energy Construction In Progress Chart

FuelCell Energy Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.26 134.18 124.53 68.76 38.13

FuelCell Energy Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.70 38.13 0.94 1.08
FCEL
60GF Score
FuelCell Energy Inc FCEL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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FuelCell Energy Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $1.1 Mil mean?
FuelCell Energy (FCEL) has a Construction In Progress of $1.1 Mil as of Apr. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on FuelCell Energy and its competitors.
Is FuelCell Energy's Construction In Progress too high?
FuelCell Energy's current Construction In Progress is $1.1 Mil. Overall, FuelCell Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Construction In Progress compare to ENR and ADSE?
FuelCell Energy's Construction In Progress of $1.1 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on FuelCell Energy and its competitors. FuelCell Energy's current Construction In Progress is $1.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.94, compared to a current price of $19.17 — trading 141.4% above its estimated fair value. The current Construction In Progress is $1.1 Mil. FuelCell Energy's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Construction In Progress is $1.1 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FuelCell Energy (FCEL) Overvalued in 2026?

Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued. The current stock price of $19.17 is trading 141.4% above its estimated GF Value™ of $7.94. GuruFocus considers FuelCell Energy to be Significantly Overvalued.

Key valuation signals for FCEL:

  • Construction In Progress: $1.1 Mil
  • GF Value™: $7.94 vs. price of $19.17 (141.4% above fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the FCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FuelCell Energy Business Description

Address 3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
60GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.17
Price
$7.94
GF Value