FCEL

FuelCell Energy, Inc.
NasdaqGMUSDEQUITY Industrials DELAYED
Last price
20.65
▲ 2.58 (14.28%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
18.08
Prev close
18.07
Day high
21.06
Day low
18.31
Volume
12.79M
Market cap
$1.65B
P/E (TTM)
—
52W range
5.71 – 37.88

Day trading desk

Current session · delayed
Gap from prior close
+0.06%
Prior close 18.07
VWAP
20.05
+2.98% from price
Relative volume
1.44×
Normal
Session range
16.93%
18.01 – 21.06
Position in range
87%
Near session high
ATR (14D)
1.41
6.84% of price
Prior day high
18.18
PDH
Prior day low
16.86
PDL
Bid / ask spread
—
Quote not published
Session volume
12.18M
Avg 8.49M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+22.19% +20.2%
1M
+38.13% +37.0%
3M
-8.39% -12.9%
6M
+229.35% +211.2%
YTD
+182.49% +168.2%
1Y
+102.25% +85.8%
3Y
-46.22% -128.5%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on FCEL open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+87.48K
Net buying
Buy transactions
5
92.48K shares
Sell transactions
2
5.00K shares
Net transactions
+7
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
3.85M
Total on file
Bought 92.48KSold 5.00K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 14, 26
LIVINGSTON III HOMER JOHN
Director
BUY 16.40K $246.96K Direct
Jul 16, 26
LIVINGSTON III HOMER JOHN
Director
BUY 26.34K $493.93K Direct
Jul 6, 26
ACHANTA SHANKAR
Officer
SELL 2.50K $71.78K Direct
May 8, 26
ACHANTA SHANKAR
Chief Technology Officer
— 2.02K — Direct
Apr 21, 26
BINGHAM BETSY B
Director
— 23.86K — Direct
Apr 21, 26
VON ALTHANN NATICA
Director
— 23.86K — Direct
Apr 20, 26
ACHANTA SHANKAR
Chief Technology Officer
SELL 2.50K $20.00K Direct
Dec 30, 25
FEW JASON B
Chief Executive Officer
— 29.25K — Direct
Dec 30, 25
DOLGER JOSHUA
General Counsel
— 6.25K — Direct
Dec 30, 25
ACHANTA SHANKAR
Chief Technology Officer
— 6.25K — Direct
Dec 30, 25
BISHOP MICHAEL S
Chief Financial Officer
— 11.36K — Direct
Dec 22, 25
BINGHAM BETSY B
Director
SELL 8.61K $73.37K Direct
Dec 11, 25
FEW JASON B
Chief Executive Officer
— 11.82K — Direct
Dec 11, 25
DOLGER JOSHUA
General Counsel
— 2.52K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

9 reporting
NameRelationShares heldLatest
ACHANTA SHANKAR
Officer 2.62K Sale
BINGHAM BETSY B
Director 23.86K Conversion of Exercise of derivative security
BISHOP MICHAEL S
Chief Financial Officer 21.56K Conversion of Exercise of derivative security
DOLGER JOSHUA
General Counsel 11.74K Conversion of Exercise of derivative security
FEASEL MARK
Officer 6.03K Conversion of Exercise of derivative security
FEW JASON B
Chief Executive Officer 71.65K Conversion of Exercise of derivative security
LISOWSKI MICHAEL
Officer 7.82K Conversion of Exercise of derivative security
LIVINGSTON III HOMER JOHN
Director 42.75K Purchase
VON ALTHANN NATICA
Director 23.99K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$1.65B
Enterprise value$1.23B
Revenue (TTM)$154.14M
Gross profit$-49.92M
EBITDA$-95.00M
Net income$-178.30M
EPS (TTM)$-3.15
Free cash flow$-12.16M
Total cash$658.08M
Total debt$166.23M
Book value / share$12.20
Shares outstanding79.95M
Float76.12M
Short % of float31.19%
Dividend yield0.00%
Beta (5Y)2.46

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-20.24
PEG ratio0.36
Price / sales—
Price / book1.69
EV / revenue7.96
EV / EBITDA-12.92
Gross margin-32.39%
Operating margin-141.39%
Profit margin-113.60%
Return on equity-21.38%
Return on assets-7.91%
Debt / equity15.94
Current ratio8.67
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $158.16M$112.13M$123.39M$130.48M +41.0%
Operating revenue $158.16M$112.13M$123.39M$130.48M +41.0%
Cost of revenue $184.57M$148.05M$133.93M$160.06M +24.7%
Gross profit -$26.41M-$35.92M-$10.54M-$29.57M +26.5%
Research & development $34.08M$55.40M$61.02M$34.53M -38.5%
Selling, general & admin $60.74M$64.60M$64.53M$79.62M -6.0%
Total operating expense $94.82M$120.01M$125.55M$114.15M -21.0%
Operating income -$121.23M-$155.93M-$136.08M-$143.72M +22.3%
Net interest income -$2.06M$4.03M$8.55M-$3.01M -151.2%
Pre-tax income -$191.24M-$156.75M-$107.47M-$146.41M -22.0%
Tax provision $137.00K$25.00K$581.00K$819.00K +448.0%
Net income -$187.90M-$126.01M-$107.57M-$142.72M -49.1%
Net income to common -$191.10M-$129.21M-$110.77M-$145.92M -47.9%
Basic EPS -7.42-7.83-7.92-11.40 +5.2%
Diluted EPS -7.42-7.83-7.92-11.40 +5.2%
EBIT -$180.86M-$147.06M-$100.23M-$140.02M -23.0%
EBITDA -$140.46M-$110.87M-$74.85M-$118.75M -26.7%
Basic shares 25.74M16.51M13.99M12.77M +56.0%
Diluted shares 25.74M16.51M13.99M12.77M +56.0%

Options analytics

Account required
Put / call volume
0.17
Call-heavy session
Put / call open interest
0.30
Positioning, not flow
Max pain
16.50
-20.1% from spot
ATM implied vol
114.1%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
10.50K
Contracts, this expiry
Put volume
1.82K
Contracts, this expiry
Heaviest call OI
20.00
3.57K contracts
Heaviest put OI
15.00
555 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jul 2026 -0.39-0.64 -62.2%
Apr 2026 -0.44-0.53 -21.8%
Jan 2026 -0.68-0.52 +23.1%
Oct 2025 -1.03-0.93 +9.7%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.35 6 $46.45M -15.6%
Next quarter -0.24 4 $55.33M +81.2%
Current year -2.17 4 $145.47M -8.0%
Next year -1.02 6 $242.29M +66.6%

Analyst targets & ownership

Account required
Mean target$21.10
High target$32.00
Low target$8.00
Implied upside2.18%
Analyst count10
ConsensusBUY
Strong buy / Buy0 / 6
Hold3
Sell / Strong sell1 / 1
Held by insiders4.81%
Held by institutions56.75%
Institutions holding306
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
17.33
+19.17% from price
SMA 20
16.95
+21.83% from price
SMA 50
18.47
+11.78% from price
SMA 100
20.25
+1.97% from price
SMA 200
14.43
+43.10% from price
EMA 12
17.69
+16.75% from price
EMA 26
17.60
+17.35% from price
EMA 50
18.15
+13.77% from price
RSI (14)
63.0
Neutral
MACD (12,26,9)
0.09
Hist 0.47
ATR (14)
1.41
6.84% of price
Realised vol 30D
106.4%
Annualised
Bollinger upper
19.54
20, 2σ
Bollinger lower
14.36
20, 2σ
50 / 200 cross
Golden
18.47 vs 14.43
Trend bias
Above 200
+43.10%

Options chain

Account required
Expiry
Spot 20.65
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
3.55
More volatile than market
Correlation to SPY
0.34
Loosely linked
Realised vol 30D
106.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-60.0%
Peak to trough
Max drawdown 5Y
-98.9%
Peak to trough
ATR 14
1.41
6.84% of price
Beta (reported)
2.46
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
24.90M
Prior 16.81M
Change vs prior
+48.1%
Shorts adding
% of float
31.19%
Heavily shorted
% of shares out
31.14%
Against total outstanding
Days to cover
3.2
Liquid
Float
76.12M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

64 on file
DateFirm ActionFromTo
Sep 29, 26 Oppenheimer INITIATED — Outperform
Sep 24, 26 Barclays INITIATED — Equal-Weight
Sep 15, 26 Citigroup INITIATED — Neutral
Sep 8, 26 Jefferies MAINTAINED Buy Buy
Sep 3, 26 Canaccord Genuity MAINTAINED Buy Buy
Jul 14, 26 UBS UPGRADE Neutral Buy
Jun 29, 26 B. Riley Securities UPGRADE Neutral Buy
Jun 26, 26 UBS MAINTAINED Neutral Neutral
Jun 26, 26 Jefferies UPGRADE Hold Buy
Jun 16, 26 Wells Fargo MAINTAINED Underweight Underweight
Jun 10, 26 Jefferies MAINTAINED Hold Hold
Jun 9, 26 B. Riley Securities MAINTAINED Neutral Neutral

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay dateMay 9, 2019
Last split1:30
Split dateNov 11, 2024

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.