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FuelCell EnergyFCEL -0.23%58 Net Cash per Share is $5.09 as of Jul. 2026. GuruFocus rates FCEL with a GF Score™ of 58/100 and a GF Value™ of $5.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 603 Industrial Products companies, FuelCell Energy ranks better than 82.42% on this metric.
FuelCell Energy (NAS:FCEL) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
FuelCell Energy Net Cash per Share Related Terms
FuelCell Energy Net Cash per Share Historical Data
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The historical data trend for FuelCell Energy's Net Cash per Share 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.
FCEL vs TE, AMPX, ENR: Net Cash per Share Comparison
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FuelCell Energy Price-to-Net-Cash vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
FuelCell Energy's Net Cash per Share for the fiscal year that ended in Oct. 2025 is calculated as
* 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 (FCEL) has a Net Cash per Share of $5.09 as of Jul. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #106 out of 603 companies in the Industrial Products industry, placing it in the top 17.6%.
Is FuelCell Energy's Net Cash per Share too high?
FuelCell Energy's current Net Cash per Share is $5.09. The Industrial Products industry median Net Cash per Share is 10.23. FuelCell Energy's value of $5.09 is 50.2% below this industry median. Based on the distribution chart, FuelCell Energy ranks #106 out of 603 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, FuelCell Energy has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Net Cash per Share compare to TE and AMPX?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #106 out of 603 companies for Net Cash per Share. This places FuelCell Energy in the top 18% of its industry — outperforming the majority of peers. The industry median Net Cash per Share is 10.23. FuelCell Energy's value of $5.09 is 50.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Industrial Products company?
The median Net Cash per Share among Industrial Products companies is 10.23, based on 603 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FuelCell Energy's current Net Cash per Share of $5.09 is 50.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on FuelCell Energy and its competitors. For the Industrial Products industry, the median Net Cash per Share is 10.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Net Cash per Share is $5.09. 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 $5.17, compared to a current price of $15.25 — trading 195% above its estimated fair value. The current Net Cash per Share is $5.09 and 50.2% below the Industrial Products industry median of 10.23. FuelCell Energy's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Net Cash per Share is $5.09 as of Jul. 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 $15.25 is trading 195% above its estimated GF Value™ of $5.17.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Net Cash per Share: $5.09
GF Value™: $5.17 vs. price of $15.25 (195% above fair value)
Industry Position: 50.2% below the Industrial Products median (#106 of 603)
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 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.
58GF Score
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