AMSC vs BW vs FCEL Stock Comparison

American Superconductor, Babcock & Wilcox Enterprises and Fuelcell Energy Prices as of Oct 28, 2026 Peers: Industry group
FCEL Fuelcell Energy Inc
$12.38 -23.3% 1M +62.3% 1Y
Market cap
$989.83M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials
1 win

Head to Head

10 decided of 12

Babcock & Wilcox Enterprises leads on 5 of the 12 questions below (Babcock & Wilcox Enterprises 5, American Superconductor 4, Fuelcell Energy 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMSCBWFCELLeader
Larger companyMarket capitalisation $1.34B $677.78M $989.83M AMSC
Cheaper on earningsLower P/E, profitable companies only — -19.5x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.3x 32.5x — AMSC
Faster revenue growthRevenue growth, trailing twelve months — +42.6% +1.1% BW
More profitableNet margin, trailing twelve months — -4.0% -115.7% BW
Better return on capitalReturn on invested capital — 14.3% -20.5% BW
Less leveragedLower net debt / EBITDA — -2.8x 4.6x BW
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -51.3% +44.0% +62.3% FCEL
Better 5-year returnAnnualised price return, 5 years +8.9%/yr -7.8%/yr -44.7%/yr AMSC
Less volatileAnnualised volatility, 1 year 85.9% 114.7% 131.3% AMSC
Higher overall scoreMean of the five percentile scores vs peers — 50/100 37/100 BW

Percentile Scorecard

AMSCBWFCEL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMSCBWFCEL
Valuation – 62 #24 of 61 37 #39 of 61
Growth – 70 #18 of 58 32 #40 of 58
Profitability – 72 #16 of 55 33 #37 of 55
Financial Health 77 #17 of 71 37 #45 of 71 81 #14 of 71
Shareholder Returns – 11 #26 of 29 4 #28 of 29
Overall – 50 37
  • AMSC ranked among 71 companies in Clean Energy Equipment
  • BW ranked among 71 companies in Clean Energy Equipment
  • FCEL ranked among 71 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMSCBWFCELSPY
1 month -3.8%-21.0%-23.3% +0.9%
3 months +5.8%-42.6%-31.5% +5.9%
6 months -40.9%-69.2%-9.2% +8.5%
Year to date -2.1%-28.2%+69.4% +13.3%
1 year -51.3%+44.0%+62.3% +12.4%
3 years +353.9%+93.6%-60.3% +88.1%
3 years, per year +65.6%+24.7%-26.5% +23.5%
5 years +53.4%-33.4%-94.8% +68.2%
5 years, per year +8.9%-7.8%-44.7% +11.0%
10 years +308.6%-97.1%-99.0% +263.4%
10 years, per year +15.1%-29.9%-37.1% +13.8%

Risk

MeasureAMSCBWFCELSPY
Volatility, 1Y 85.9%114.7%131.3% 12.7%
Downside volatility, 1Y 98.8%103.8%113.7% 12.7%
Beta vs S&P 500, 1Y 3.483.333.74 1.00
Return / volatility, 1Y -0.600.380.47 0.98
Max drawdown, 5Y -82.9%-97.4%-98.9% -25.4%
From 52-week high -55.3%-79.2%-65.6% -0.9%
52-week high $63.01$21.85$36.01 $779.14
52-week low $25.01$3.16$6.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMSCBWFCEL
P/E now vs peer median —median 29.4x -19.5xmedian 29.4x -4.9xmedian 29.4x
P/S now vs peer median —median 2.6x 0.8xmedian 2.6x 6.4xmedian 2.6x
EV/EBITDA now vs peer median —median 18.4x 16.1xmedian 18.4x -2.5xmedian 18.4x
P/FCF now vs peer median —median 24.4x -11.7xmedian 24.4x -9.8xmedian 24.4x
P/B now vs peer median 2.4xmedian 1.8x 11.8xmedian 1.8x 1.0xmedian 1.8x
PEG now vs peer median —median 1.07 -0.79median 1.07 0.05median 1.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMSCBWFCEL
Revenue – $821.95M $154.14M
Gross profit – $160.14M -$49.92M
Operating income – $22.49M -$179.19M
Net income – -$18.35M -$178.30M
Free cash flow – -$58.17M -$101.12M
R&D – – $28.64M
EPS (diluted) – $-0.21 $-2.53
Cash & equivalents $140.69M $308.63M $658.10M
Total debt – $209.43M $18.80M
Shares (diluted) 44.94M 154.51M 70.41M
Enterprise value $639.64M $148.75M -$623.58M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMSCBWFCEL
P/E – -19.5x -4.9x
P/FCF – -11.7x -9.8x
P/Operating cash flow – -19.5x -10.3x
P/S – 0.8x 6.4x
P/B 2.4x 11.8x 1.0x
P/Tangible book 2.5x 15.4x 1.0x
EV/EBITDA – 16.1x -2.5x
EV/EBIT – 25.7x -2.0x
EV/Revenue – 0.7x 2.3x
EV/FCF – -9.9x -3.5x
EV/Operating cash flow – -16.7x -3.6x
PEG (3Y EPS CAGR) – -0.79 0.05

Growth

14 metrics
MetricAMSCBWFCEL
Revenue growth (1Y) – 42.6% 1.1%
Revenue CAGR (3Y) – 3.5% 3.2%
Gross profit growth (1Y) – 20.7% -62.6%
Gross profit CAGR (3Y) – -2.8% -27.2%
Operating income growth (1Y) – 879.4% 12.6%
Operating income CAGR (3Y) – 17.5% -8.0%
Net income growth (1Y) – 87.7% 11.6%
Net income CAGR (3Y) – 17.3% -13.9%
EPS growth (1Y) – 87.1% 69.5%
EPS CAGR (3Y) – 24.6% -104.7%
Operating cash flow growth (1Y) – 72.4% 0.3%
Operating cash flow CAGR (3Y) – -73.7% 13.4%
Free cash flow growth (1Y) – 57.3% 18.9%
Free cash flow CAGR (3Y) – -120.7% 17.8%

Profitability

14 metrics
MetricAMSCBWFCEL
Gross margin – 19.5% -32.4%
EBITDA margin – 4.4% -89.9%
Operating margin – 2.7% -116.3%
Pretax margin – -8.8% -115.7%
Net margin – -4.0% -115.7%
FCF margin – -7.1% -65.6%
Operating cash flow margin – -4.2% -62.5%
Return on equity – – -20.8%
Return on assets – -8.9% -15.4%
Return on invested capital – 14.3% -20.5%
Return on capital employed – 5.9% -16.9%
Asset turnover – 0.9x 0.1x
Cash conversion (OCF / net income) – 1.9x 0.5x
Stock comp / revenue – 2.0% 6.4%

Financial Health

11 metrics
MetricAMSCBWFCEL
Debt / assets – 21.0% 1.4%
Debt / equity – 3.7x 0.0x
Net debt / EBITDA – -2.8x 4.6x
Debt / FCF – -3.6x -0.2x
Liabilities / assets 24.9% 94.3% 25.0%
Equity / assets 75.1% 5.7% 75.0%
Interest coverage – 0.9x -16.0x
Current ratio 2.4x 1.5x 8.7x
Quick ratio 1.6x 1.1x 7.3x
Cash ratio 1.0x 0.6x 6.8x
Altman Z-score – -0.88 0.04

Shareholder Returns

7 metrics
MetricAMSCBWFCEL
Dividend yield – – –
Net buyback yield – -56.7% -59.4%
Shareholder yield – -56.7% -59.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMSCBWFCEL
Forward P/E 31.3xFY2026 32.5xFY2026 –
EPS, next fiscal year $0.90FY2026 $0.14FY2026 $-2.70FY2026
EPS growth, next FY -75.0%FY2026 – –
EPS growth, the year after +40.0% +221.4% –
Revenue, next fiscal year $383.43MFY2026 $1.01BFY2026 $153.46MFY2026
Revenue growth, next FY +28.2%FY2026 +71.1%FY2026 -3.0%FY2026
Revenue growth, the year after +15.7% +35.9% +71.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMSCBWFCEL
Held by institutions 73.7% 88.0% 65.0%
Institutions holding 277 200 226
Change in shares held, QoQ +6.4% +24.0% +67.3%
Institutions buying 173 146 161
Institutions selling 77 41 38
Buyers to sellers 2.25 3.56 4.24

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMSCBWFCEL
AMSC 1.00 0.29 0.46
BW 0.29 1.00 0.39
FCEL 0.46 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMSC, BW and FCEL?

American Superconductor (AMSC) is the largest by market capitalisation: American Superconductor (AMSC) $1.34B, Babcock & Wilcox Enterprises (BW) $677.78M, Fuelcell Energy (FCEL) $989.83M.

Which company is growing faster?

Babcock & Wilcox Enterprises (BW) grew revenue fastest over the trailing twelve months: Babcock & Wilcox Enterprises (BW) +42.6%, Fuelcell Energy (FCEL) +1.1%.

Which company is more profitable?

Babcock & Wilcox Enterprises (BW) has the highest net margin (Babcock & Wilcox Enterprises (BW) -4.0%, Fuelcell Energy (FCEL) -115.7%). On return on invested capital, Babcock & Wilcox Enterprises (BW) leads (Babcock & Wilcox Enterprises (BW) 14.3%, Fuelcell Energy (FCEL) -20.5%).

Which stock has performed better?

Over the past year Fuelcell Energy (FCEL) returned the most: American Superconductor (AMSC) -51.3%, Babcock & Wilcox Enterprises (BW) +44.0%, Fuelcell Energy (FCEL) +62.3%. Over five years, American Superconductor (AMSC) compounded fastest (American Superconductor (AMSC) +8.9%/yr, Babcock & Wilcox Enterprises (BW) -7.8%/yr, Fuelcell Energy (FCEL) -44.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, American Superconductor (AMSC) has been the steadiest (American Superconductor (AMSC) 85.9%, Babcock & Wilcox Enterprises (BW) 114.7%, Fuelcell Energy (FCEL) 131.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMSC, BW and FCEL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Babcock & Wilcox Enterprises (BW) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.