BE vs FCEL Stock Comparison

Bloom Energy and Fuelcell Energy Prices as of Oct 23, 2026 Peers: Industry group
BE Bloom Energy Corp
$193.09 -29.8% 1M +90.4% 1Y
Market cap
$60.12B
P/E
116.0x
Revenue (TTM)
$3.83B
Div. yield
–
Fuel Cells Industrials
9 wins
FCEL Fuelcell Energy Inc
$11.11 -35.3% 1M +43.0% 1Y
Market cap
$807.91M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials

Head to Head

9 decided of 12

Bloom Energy leads on 9 of the 12 questions below (Bloom Energy 9). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBEFCELLeader
Larger companyMarket capitalisation $60.12B $807.91M BE
Cheaper on earningsLower P/E, profitable companies only 116.0x -4.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 74.8x — –
Faster revenue growthRevenue growth, trailing twelve months +110.6% +1.1% BE
More profitableNet margin, trailing twelve months 13.5% -115.7% BE
Better return on capitalReturn on invested capital 31.2% -20.5% BE
Less leveragedLower net debt / EBITDA -3.9x 4.6x BE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +90.4% +43.0% BE
Better 5-year returnAnnualised price return, 5 years +57.1%/yr -44.9%/yr BE
Less volatileAnnualised volatility, 1 year 111.5% 131.2% BE
Higher overall scoreMean of the five percentile scores vs peers 81/100 38/100 BE

Percentile Scorecard

BEFCEL

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

AxisBEFCEL
Valuation 48 #32 of 61 37 #39 of 61
Growth 100 #1 of 58 30 #41 of 58
Profitability 93 #5 of 55 33 #37 of 55
Financial Health 89 #9 of 71 81 #14 of 71
Shareholder Returns 77 #8 of 31 7 #29 of 31
Overall 81 38
  • BE 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

PeriodBEFCELSPY
1 month -29.8%-35.3% -1.0%
3 months +4.3%-47.7% +2.9%
6 months -16.5%-0.6% +6.4%
Year to date +122.2%+52.0% +11.4%
1 year +90.4%+43.0% +13.1%
3 years +1,543.3%-68.3% +79.4%
3 years, per year +154.4%-31.9% +21.5%
5 years +856.4%-94.9% +67.7%
5 years, per year +57.1%-44.9% +10.9%
10 years —-99.4% +255.2%
10 years, per year —-40.0% +13.5%

Risk

MeasureBEFCELSPY
Volatility, 1Y 111.5%131.2% 12.7%
Downside volatility, 1Y 107.3%112.9% 12.7%
Beta vs S&P 500, 1Y 4.473.68 1.00
Return / volatility, 1Y 0.810.33 1.03
Max drawdown, 5Y -75.9%-98.9% -25.4%
From 52-week high -44.2%-69.1% -2.5%
52-week high $345.85$36.01 $779.14
52-week low $76.97$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.

MultipleBEFCEL
P/E now vs peer median 109.8xmedian 24.1x -4.4xmedian 24.1x
P/S now vs peer median 14.9xmedian 2.2x 5.8xmedian 2.2x
EV/EBITDA now vs peer median 86.1xmedian 17.4x -1.8xmedian 17.4x
P/FCF now vs peer median 130.7xmedian 27.4x -8.8xmedian 27.4x
P/B now vs peer median 29.1xmedian 1.8x 0.9xmedian 1.8x
PEG now vs peer median 2.53median 0.76 0.04median 0.76

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 monthsBEFCEL
Revenue $3.83B $154.14M
Gross profit $1.24B -$49.92M
Operating income $567.42M -$179.19M
Net income $522.95M -$178.30M
Free cash flow $436.71M -$101.12M
R&D $235.76M $28.64M
EPS (diluted) $1.60 $-2.53
Cash & equivalents $2.49B $658.10M
Total debt $13.65M $69.79M
Shares (diluted) 324.29M 70.41M
Enterprise value $50.03B -$813.29M

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
MetricBEFCEL
P/E 109.8x -4.4x
P/FCF 130.7x -8.8x
P/Operating cash flow 82.6x -9.2x
P/S 14.9x 5.8x
P/B 29.1x 0.9x
P/Tangible book 29.1x 0.9x
EV/EBITDA 86.1x -1.8x
EV/EBIT 96.2x -1.4x
EV/Revenue 14.3x 1.6x
EV/FCF 125.0x -2.5x
EV/Operating cash flow 79.0x -2.6x
PEG (3Y EPS CAGR) 2.53 0.04

Growth

14 metrics
MetricBEFCEL
Revenue growth (1Y) 110.6% 1.1%
Revenue CAGR (3Y) 38.6% 3.2%
Gross profit growth (1Y) 118.4% -62.6%
Gross profit CAGR (3Y) 91.3% -27.2%
Operating income growth (1Y) 530.6% 12.6%
Operating income CAGR (3Y) 60.9% -8.0%
Net income growth (1Y) 3,052% 11.6%
Net income CAGR (3Y) 51.0% -13.9%
EPS growth (1Y) 2,359% 69.5%
EPS CAGR (3Y) 43.5% -104.7%
Operating cash flow growth (1Y) 283.7% 0.3%
Operating cash flow CAGR (3Y) 49.4% 13.4%
Free cash flow growth (1Y) 223.0% 18.9%
Free cash flow CAGR (3Y) 39.3% 17.8%

Profitability

14 metrics
MetricBEFCEL
Gross margin 32.3% -32.4%
EBITDA margin 16.6% -89.9%
Operating margin 14.8% -116.3%
Pretax margin 13.8% -115.7%
Net margin 13.5% -115.7%
FCF margin 11.4% -65.6%
Operating cash flow margin 18.0% -62.5%
Return on equity 29.0% -20.8%
Return on assets 8.6% -15.4%
Return on invested capital 31.2% -20.5%
Return on capital employed 12.1% -16.9%
Asset turnover 0.6x 0.1x
Cash conversion (OCF / net income) 1.3x 0.5x
Stock comp / revenue 5.2% 6.4%

Financial Health

11 metrics
MetricBEFCEL
Debt / assets 0.0% 1.4%
Debt / equity 0.0x 0.0x
Net debt / EBITDA -3.9x 4.6x
Debt / FCF 0.0x -0.2x
Liabilities / assets 70.1% 25.0%
Equity / assets 29.9% 75.0%
Interest coverage 15.9x -16.0x
Current ratio 3.7x 8.7x
Quick ratio 2.8x 7.3x
Cash ratio 1.8x 6.8x
Altman Z-score 8.25 -0.14

Shareholder Returns

7 metrics
MetricBEFCEL
Dividend yield – –
Net buyback yield -0.1% -66.2%
Shareholder yield -0.1% -66.2%
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.

ConsensusBEFCEL
Forward P/E 74.8xFY2026 –
EPS, next fiscal year $2.58FY2026 $-2.70FY2026
EPS growth, next FY +239.5%FY2026 –
EPS growth, the year after +99.2% –
Revenue, next fiscal year $4.38BFY2026 $153.48MFY2026
Revenue growth, next FY +116.9%FY2026 -3.0%FY2026
Revenue growth, the year after +61.7% +71.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBEFCEL
Held by institutions 80.5% 65.0%
Institutions holding 1,280 226
Change in shares held, QoQ -1.9% +67.3%
Institutions buying 806 161
Institutions selling 384 38
Buyers to sellers 2.10 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.

BEFCEL
BE 1.00 0.58
FCEL 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BE and FCEL?

Bloom Energy (BE) is the largest by market capitalisation: Bloom Energy (BE) $60.12B, Fuelcell Energy (FCEL) $807.91M.

Which company is growing faster?

Bloom Energy (BE) grew revenue fastest over the trailing twelve months: Bloom Energy (BE) +110.6%, Fuelcell Energy (FCEL) +1.1%.

Which company is more profitable?

Bloom Energy (BE) has the highest net margin (Bloom Energy (BE) 13.5%, Fuelcell Energy (FCEL) -115.7%). On return on invested capital, Bloom Energy (BE) leads (Bloom Energy (BE) 31.2%, Fuelcell Energy (FCEL) -20.5%).

Which stock has performed better?

Over the past year Bloom Energy (BE) returned the most: Bloom Energy (BE) +90.4%, Fuelcell Energy (FCEL) +43.0%. Over five years, Bloom Energy (BE) compounded fastest (Bloom Energy (BE) +57.1%/yr, Fuelcell Energy (FCEL) -44.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bloom Energy (BE) has been the steadiest (Bloom Energy (BE) 111.5%, Fuelcell Energy (FCEL) 131.2%). Volatility measures how widely the price swings, not the risk of the business.

Do BE and FCEL move together?

Their daily returns over the past year have a correlation of 0.58, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BE 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, Bloom Energy (BE) leads on 9. 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.