FCEL vs BW vs BE Stock Comparison

Fuelcell Energy, Babcock & Wilcox Enterprises and Bloom Energy Prices as of Oct 28, 2026 Peers: Industry group
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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
BE Bloom Energy Corp
$227.99 -13.3% 1M +101.3% 1Y
Market cap
$67.38B
P/E
129.7x
Revenue (TTM)
$3.83B
Div. yield
–
Fuel Cells Industrials
9 wins

Head to Head

10 decided of 12

Bloom Energy leads on 9 of the 12 questions below (Bloom Energy 9, Babcock & Wilcox Enterprises 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCELBWBELeader
Larger companyMarket capitalisation $989.83M $677.78M $67.38B BE
Cheaper on earningsLower P/E, profitable companies only -4.9x -19.5x 129.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 32.5x 88.4x BW
Faster revenue growthRevenue growth, trailing twelve months +1.1% +42.6% +110.6% BE
More profitableNet margin, trailing twelve months -115.7% -4.0% 13.5% BE
Better return on capitalReturn on invested capital -20.5% 14.3% 31.2% BE
Less leveragedLower net debt / EBITDA 4.6x -2.8x -3.9x BE
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +62.3% +44.0% +101.3% BE
Better 5-year returnAnnualised price return, 5 years -44.7%/yr -7.8%/yr +48.8%/yr BE
Less volatileAnnualised volatility, 1 year 131.3% 114.7% 111.5% BE
Higher overall scoreMean of the five percentile scores vs peers 37/100 50/100 80/100 BE

Percentile Scorecard

FCELBWBE

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

AxisFCELBWBE
Valuation 37 #39 of 61 62 #24 of 61 47 #33 of 61
Growth 32 #40 of 58 70 #18 of 58 100 #1 of 58
Profitability 33 #37 of 55 72 #16 of 55 93 #5 of 55
Financial Health 81 #14 of 71 37 #45 of 71 89 #9 of 71
Shareholder Returns 4 #28 of 29 11 #26 of 29 71 #9 of 29
Overall 37 50 80
  • FCEL ranked among 71 companies in Clean Energy Equipment
  • BW ranked among 71 companies in Clean Energy Equipment
  • BE 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

PeriodFCELBWBESPY
1 month -23.3%-21.0%-13.3% +0.9%
3 months -31.5%-42.6%+39.2% +5.9%
6 months -9.2%-69.2%-20.8% +8.5%
Year to date +69.4%-28.2%+162.4% +13.3%
1 year +62.3%+44.0%+101.3% +12.4%
3 years -60.3%+93.6%+2,231.2% +88.1%
3 years, per year -26.5%+24.7%+185.9% +23.5%
5 years -94.8%-33.4%+629.3% +68.2%
5 years, per year -44.7%-7.8%+48.8% +11.0%
10 years -99.0%-97.1%— +263.4%
10 years, per year -37.1%-29.9%— +13.8%

Risk

MeasureFCELBWBESPY
Volatility, 1Y 131.3%114.7%111.5% 12.7%
Downside volatility, 1Y 113.7%103.8%107.7% 12.7%
Beta vs S&P 500, 1Y 3.743.334.52 1.00
Return / volatility, 1Y 0.470.380.91 0.98
Max drawdown, 5Y -98.9%-97.4%-75.9% -25.4%
From 52-week high -65.6%-79.2%-34.1% -0.9%
52-week high $36.01$21.85$345.85 $779.14
52-week low $6.00$3.16$76.97 $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.

MultipleFCELBWBE
P/E now vs peer median -4.9xmedian 29.4x -19.5xmedian 29.4x 129.7xmedian 29.4x
P/S now vs peer median 6.4xmedian 2.6x 0.8xmedian 2.6x 17.6xmedian 2.6x
EV/EBITDA now vs peer median -2.5xmedian 18.4x 16.1xmedian 18.4x 102.3xmedian 18.4x
P/FCF now vs peer median -9.8xmedian 24.4x -11.7xmedian 24.4x 154.3xmedian 24.4x
P/B now vs peer median 1.0xmedian 1.8x 11.8xmedian 1.8x 34.3xmedian 1.8x
PEG now vs peer median 0.05median 1.07 -0.79median 1.07 2.98median 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 monthsFCELBWBE
Revenue $154.14M $821.95M $3.83B
Gross profit -$49.92M $160.14M $1.24B
Operating income -$179.19M $22.49M $567.42M
Net income -$178.30M -$18.35M $522.95M
Free cash flow -$101.12M -$58.17M $436.71M
R&D $28.64M – $235.76M
EPS (diluted) $-2.53 $-0.21 $1.60
Cash & equivalents $658.10M $308.63M $2.49B
Total debt $18.80M $209.43M $2.95M
Shares (diluted) 70.41M 154.51M 324.29M
Enterprise value -$623.58M $148.75M $57.31B

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
MetricFCELBWBE
P/E -4.9x -19.5x 129.7x
P/FCF -9.8x -11.7x 154.3x
P/Operating cash flow -10.3x -19.5x 97.5x
P/S 6.4x 0.8x 17.6x
P/B 1.0x 11.8x 34.3x
P/Tangible book 1.0x 15.4x 34.3x
EV/EBITDA -2.5x 16.1x 102.3x
EV/EBIT -2.0x 25.7x 114.4x
EV/Revenue 2.3x 0.7x 16.9x
EV/FCF -3.5x -9.9x 148.6x
EV/Operating cash flow -3.6x -16.7x 93.9x
PEG (3Y EPS CAGR) 0.05 -0.79 2.98

Growth

14 metrics
MetricFCELBWBE
Revenue growth (1Y) 1.1% 42.6% 110.6%
Revenue CAGR (3Y) 3.2% 3.5% 38.6%
Gross profit growth (1Y) -62.6% 20.7% 118.4%
Gross profit CAGR (3Y) -27.2% -2.8% 91.3%
Operating income growth (1Y) 12.6% 879.4% 530.6%
Operating income CAGR (3Y) -8.0% 17.5% 60.9%
Net income growth (1Y) 11.6% 87.7% 3,052%
Net income CAGR (3Y) -13.9% 17.3% 51.0%
EPS growth (1Y) 69.5% 87.1% 2,359%
EPS CAGR (3Y) -104.7% 24.6% 43.5%
Operating cash flow growth (1Y) 0.3% 72.4% 283.7%
Operating cash flow CAGR (3Y) 13.4% -73.7% 49.4%
Free cash flow growth (1Y) 18.9% 57.3% 223.0%
Free cash flow CAGR (3Y) 17.8% -120.7% 39.3%

Profitability

14 metrics
MetricFCELBWBE
Gross margin -32.4% 19.5% 32.3%
EBITDA margin -89.9% 4.4% 16.6%
Operating margin -116.3% 2.7% 14.8%
Pretax margin -115.7% -8.8% 13.8%
Net margin -115.7% -4.0% 13.5%
FCF margin -65.6% -7.1% 11.4%
Operating cash flow margin -62.5% -4.2% 18.0%
Return on equity -20.8% – 29.0%
Return on assets -15.4% -8.9% 8.6%
Return on invested capital -20.5% 14.3% 31.2%
Return on capital employed -16.9% 5.9% 12.1%
Asset turnover 0.1x 0.9x 0.6x
Cash conversion (OCF / net income) 0.5x 1.9x 1.3x
Stock comp / revenue 6.4% 2.0% 5.2%

Financial Health

11 metrics
MetricFCELBWBE
Debt / assets 1.4% 21.0% 0.0%
Debt / equity 0.0x 3.7x 0.0x
Net debt / EBITDA 4.6x -2.8x -3.9x
Debt / FCF -0.2x -3.6x 0.0x
Liabilities / assets 25.0% 94.3% 70.1%
Equity / assets 75.0% 5.7% 29.9%
Interest coverage -16.0x 0.9x 15.9x
Current ratio 8.7x 1.5x 3.7x
Quick ratio 7.3x 1.1x 2.8x
Cash ratio 6.8x 0.6x 1.8x
Altman Z-score 0.04 -0.88 9.60

Shareholder Returns

7 metrics
MetricFCELBWBE
Dividend yield – – –
Net buyback yield -59.4% -56.7% -0.1%
Shareholder yield -59.4% -56.7% -0.1%
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.

ConsensusFCELBWBE
Forward P/E – 32.5xFY2026 88.4xFY2026
EPS, next fiscal year $-2.70FY2026 $0.14FY2026 $2.58FY2026
EPS growth, next FY – – +239.5%FY2026
EPS growth, the year after – +221.4% +100.0%
Revenue, next fiscal year $153.46MFY2026 $1.01BFY2026 $4.39BFY2026
Revenue growth, next FY -3.0%FY2026 +71.1%FY2026 +117.4%FY2026
Revenue growth, the year after +71.6% +35.9% +61.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCELBWBE
Held by institutions 65.0% 88.0% 80.5%
Institutions holding 226 200 1,280
Change in shares held, QoQ +67.3% +24.0% -1.9%
Institutions buying 161 146 806
Institutions selling 38 41 384
Buyers to sellers 4.24 3.56 2.10

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.

FCELBWBE
FCEL 1.00 0.39 0.58
BW 0.39 1.00 0.47
BE 0.58 0.47 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FCEL, BW and BE?

Bloom Energy (BE) is the largest by market capitalisation: Fuelcell Energy (FCEL) $989.83M, Babcock & Wilcox Enterprises (BW) $677.78M, Bloom Energy (BE) $67.38B.

Which company is growing faster?

Bloom Energy (BE) grew revenue fastest over the trailing twelve months: Fuelcell Energy (FCEL) +1.1%, Babcock & Wilcox Enterprises (BW) +42.6%, Bloom Energy (BE) +110.6%.

Which company is more profitable?

Bloom Energy (BE) has the highest net margin (Fuelcell Energy (FCEL) -115.7%, Babcock & Wilcox Enterprises (BW) -4.0%, Bloom Energy (BE) 13.5%). On return on invested capital, Bloom Energy (BE) leads (Fuelcell Energy (FCEL) -20.5%, Babcock & Wilcox Enterprises (BW) 14.3%, Bloom Energy (BE) 31.2%).

Which stock has performed better?

Over the past year Bloom Energy (BE) returned the most: Fuelcell Energy (FCEL) +62.3%, Babcock & Wilcox Enterprises (BW) +44.0%, Bloom Energy (BE) +101.3%. Over five years, Bloom Energy (BE) compounded fastest (Fuelcell Energy (FCEL) -44.7%/yr, Babcock & Wilcox Enterprises (BW) -7.8%/yr, Bloom Energy (BE) +48.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bloom Energy (BE) has been the steadiest (Fuelcell Energy (FCEL) 131.3%, Babcock & Wilcox Enterprises (BW) 114.7%, Bloom Energy (BE) 111.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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.