Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
FuelCell Energy's operating assets for the quarter that ended in Apr. 2026 was $630.2 Mil. FuelCell Energy's operating liabilities for the quarter that ended in Apr. 2026 was $55.3 Mil. FuelCell Energy's Total Assets for the quarter that ended in Jan. 2026 was $978.5 Mil. Therefore, FuelCell Energy's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.59.
FuelCell Energy Scaled Net Operating Assets Related Terms
FuelCell Energy Scaled Net Operating Assets Historical Data
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The historical data trend for FuelCell Energy's Scaled Net Operating Assets 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 ENR, ADSE, KE: Scaled Net Operating Assets Comparison
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Scaled Net Operating Assets falls into.
* 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.
What does a Scaled Net Operating Assets of 0.59 mean?
FuelCell Energy (FCEL) has a Scaled Net Operating Assets of 0.59 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FuelCell Energy and its competitors.
Is FuelCell Energy's Scaled Net Operating Assets too high?
FuelCell Energy's current Scaled Net Operating Assets is 0.59. 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 Scaled Net Operating Assets compare to ENR and ADSE?
FuelCell Energy's Scaled Net Operating Assets of 0.59 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 Scaled Net Operating Assets for an Industrial Products company?
A good Scaled Net Operating Assets depends on the Industrial Products industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FuelCell Energy and its competitors. FuelCell Energy's current Scaled Net Operating Assets is 0.59. 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 $7.92, compared to a current price of $24.00 — trading 203% above its estimated fair value. The current Scaled Net Operating Assets is 0.59. FuelCell Energy's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Scaled Net Operating Assets is 0.59 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 $24.00 is trading 203% above its estimated GF Value™ of $7.92.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Scaled Net Operating Assets: 0.59
GF Value™: $7.92 vs. price of $24.00 (203% above fair value)
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.
60GF Score
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