FCEL (FuelCell Energy) Financial Strength: 5 (As of Apr. 2026) — Near Median

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FCEL FuelCell Energy Inc FCEL
58 GF Score
Price $14.40
GF Value $6.64
Valuation Significantly Overvalued
! 6 Warning Signs
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What is FuelCell Energy Financial Strength?

FuelCell Energy FCEL -15.69% 58 Financial Strength is 5 as of Apr. 2026, which is at its 10-year median of 5.00. GuruFocus rates FCEL with a GF Score™ of 58/100 and a GF Value™ of $6.64 (Significantly Overvalued). The stock has 6 warning signs investors should review.

FuelCell Energy has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

FuelCell Energy did not have earnings to cover the interest expense. FuelCell Energy's debt to revenue ratio for the quarter that ended in Apr. 2026 was 1.12. As of today, FuelCell Energy's Altman Z-Score is 1.16.


FuelCell Energy  (NAS:FCEL) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

FuelCell Energy has the Financial Strength Rank of 5.


FuelCell Energy Financial Strength Related Terms


FCEL vs TE, AMPX, ENR: Financial Strength Comparison

For the Electrical Equipment & Parts subindustry, FuelCell Energy's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Financial Strength distribution charts can be found below:

* The bar in red indicates where FuelCell Energy's Financial Strength falls into.


FCEL
58GF Score
FuelCell Energy Inc FCEL
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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FuelCell Energy Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

FuelCell Energy's Interest Expense for the months ended in Apr. 2026 was $-2.9 Mil. Its Operating Income for the months ended in Apr. 2026 was $-35.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $141.3 Mil.

FuelCell Energy's Interest Coverage for the quarter that ended in Apr. 2026 is

FuelCell Energy did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

FuelCell Energy's Debt to Revenue Ratio for the quarter that ended in Apr. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(18.354 + 141.349) / 142.356
=1.12

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

FuelCell Energy has a Z-score of 1.16, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.16 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.

Frequently Asked Questions Learn more about Financial Strength →
What does a Financial Strength of 5 mean?
FuelCell Energy (FCEL) has a Financial Strength of 5 as of Apr. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on FuelCell Energy and its competitors. This is near median its historical median of 5.00. Over the past decade, FuelCell Energy's Financial Strength has ranged from 1.00 to 7.00.
Is FuelCell Energy's Financial Strength too high?
FuelCell Energy's current Financial Strength of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. 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 Financial Strength compare to TE and AMPX?
FuelCell Energy's Financial Strength of 5 can be compared against companies in the Industrial Products industry. Historically, FuelCell Energy's own Financial Strength has ranged from 1.00 to 7.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Industrial Products company?
A good Financial Strength depends on the Industrial Products industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on FuelCell Energy and its competitors. FuelCell Energy's current Financial Strength is 5, which is near median its own 10-year median of 5.00. 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 $6.64, compared to a current price of $14.40 — trading 116.9% above its estimated fair value. The current Financial Strength is 5, which is near median its 10-year median of 5.00. FuelCell Energy's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Financial Strength is 5 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 $14.40 is trading 116.9% above its estimated GF Value™ of $6.64. GuruFocus considers FuelCell Energy to be Significantly Overvalued.

Key valuation signals for FCEL:

  • Financial Strength: 5 (near median its 10-year median of 5.00)
  • GF Value™: $6.64 vs. price of $14.40 (116.9% above fair value)
  • GF Score™: 58/100 with 6 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.
58GF Score

Get the complete analysis for FCEL

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

$14.40
Price
$6.64
GF Value