FCEL vs HY vs GEDC Stock Comparison

Fuelcell Energy, Hyster-Yale and TerraVolt Holdings Prices as of Oct 27, 2026 Peers: Industry group
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FCEL Fuelcell Energy Inc
$12.18 -26.1% 1M +54.4% 1Y
Market cap
$864.58M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials
4 wins
HY Hyster-Yale, Inc.
$29.43 -5.4% 1M -20.8% 1Y
Market cap
$524.82M
P/E
–
Revenue (TTM)
$3.51B
Div. yield
0.05%
Industrial Machinery Industrials
5 wins

Head to Head

9 decided of 12

Hyster-Yale leads on 5 of the 12 questions below (Hyster-Yale 5, Fuelcell Energy 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCELHYGEDCLeader
Larger companyMarket capitalisation $864.58M $524.82M $13.38M FCEL
Cheaper on earningsLower P/E, profitable companies only -4.8x -4.5x -2.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +1.1% -11.1% — FCEL
More profitableNet margin, trailing twelve months -115.7% -3.3% — HY
Better return on capitalReturn on invested capital -20.5% -8.9% — HY
Less leveragedLower net debt / EBITDA 4.6x -14.3x — HY
Higher dividend yieldTrailing dividend yield 0.00% 0.05% — –
Better 1-year returnPrice return, last 12 months +54.4% -20.8% +4.0% FCEL
Better 5-year returnAnnualised price return, 5 years -44.3%/yr -9.7%/yr -33.5%/yr HY
Less volatileAnnualised volatility, 1 year 131.3% 51.6% 356.3% HY
Higher overall scoreMean of the five percentile scores vs peers 38/100 30/100 8/100 FCEL

Percentile Scorecard

FCELHYGEDC

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

AxisFCELHYGEDC
Valuation 37 #39 of 61 63 #75 of 203 3 #38 of 39
Growth 30 #41 of 58 3 #183 of 188 23 #25 of 32
Profitability 33 #37 of 55 25 #137 of 183 –
Financial Health 81 #14 of 71 11 #194 of 217 0 #38 of 38
Shareholder Returns 7 #28 of 30 50 #77 of 153 –
Overall 38 30 8
  • FCEL ranked among 71 companies in Clean Energy Equipment
  • HY ranked among 222 companies in Machinery
  • GEDC ranked among 42 companies in Property Developers

Price Performance

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

Returns

PeriodFCELHYGEDCSPY
1 month -26.1%-5.4%-1.9% -0.2%
3 months -38.0%-14.1%-33.3% +3.9%
6 months +22.5%-25.0%+6.1% +8.2%
Year to date +66.6%-0.9%+48.6% +12.9%
1 year +54.4%-20.8%+4.0% +12.3%
3 years -61.0%-24.4%-3.7% +87.4%
3 years, per year -26.9%-8.9%-1.3% +23.3%
5 years -94.6%-39.8%-87.0% +67.9%
5 years, per year -44.3%-9.7%-33.5% +10.9%
10 years -99.1%-47.6%-85.1% +261.1%
10 years, per year -37.4%-6.3%-17.4% +13.7%

Risk

MeasureFCELHYGEDCSPY
Volatility, 1Y 131.3%51.6%356.3% 12.7%
Downside volatility, 1Y 113.4%49.6%521.5% 12.7%
Beta vs S&P 500, 1Y 3.741.58-0.90 1.00
Return / volatility, 1Y 0.41-0.400.01 0.97
Max drawdown, 5Y -98.9%-67.6%-99.6% -25.4%
From 52-week high -66.2%-27.4%-34.2% -1.2%
52-week high $36.01$40.56$0.79 $779.14
52-week low $6.00$26.49$0.05 $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.

MultipleFCELHYGEDC
P/E now vs peer median -4.8xmedian 27.2x -4.5xmedian 25.2x -2.1xmedian 7.9x
P/S now vs peer median 6.3xmedian 2.4x 0.2xmedian 1.9x —median 4.7x
EV/EBITDA now vs peer median -2.4xmedian 18.4x -29.4xmedian 14.0x —median 11.2x
P/FCF now vs peer median -9.6xmedian 28.6x 35.6xmedian 21.7x -17.8xmedian 6.2x
P/B now vs peer median 1.0xmedian 1.7x 1.3xmedian 2.3x -4.8xmedian 0.6x
PEG now vs peer median 0.05median 0.79 0.06median 1.32 0.03median 0.32

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 monthsFCELHYGEDC
Revenue $154.14M $3.51B –
Gross profit -$49.92M $539.30M –
Operating income -$179.19M -$81.30M -$1.06M
Net income -$178.30M -$116.90M -$6.50M
Free cash flow -$101.12M $14.80M -$750.00K
R&D $28.64M – –
EPS (diluted) $-2.53 $-6.53 $-0.25
Cash & equivalents $658.10M – $287.00K
Total debt $18.80M $500.00M $6.67M
Shares (diluted) 70.41M 17.91M 25.73M
Enterprise value -$756.62M $524.82M $12.68M

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
MetricFCELHYGEDC
P/E -4.8x -4.5x -2.1x
P/FCF -9.6x 35.6x -17.8x
P/Operating cash flow -10.1x 6.8x -17.8x
P/S 6.3x 0.2x –
P/B 1.0x 1.3x -4.8x
P/Tangible book 1.0x 1.5x -4.8x
EV/EBITDA -2.4x -29.4x –
EV/EBIT -1.9x -12.6x -14.6x
EV/Revenue 2.2x 0.3x –
EV/FCF -3.3x 69.4x -20.6x
EV/Operating cash flow -3.5x 13.3x -20.6x
PEG (3Y EPS CAGR) 0.05 0.06 0.03

Growth

14 metrics
MetricFCELHYGEDC
Revenue growth (1Y) 1.1% -11.1% –
Revenue CAGR (3Y) 3.2% -3.6% –
Gross profit growth (1Y) -62.6% -27.7% –
Gross profit CAGR (3Y) -27.2% -3.8% –
Operating income growth (1Y) 12.6% -204.0% 0.8%
Operating income CAGR (3Y) -8.0% -41.7% -31.4%
Net income growth (1Y) 11.6% -601.7% 48.4%
Net income CAGR (3Y) -13.9% -73.5% -70.7%
EPS growth (1Y) 69.5% -620.5% 49.5%
EPS CAGR (3Y) -104.7% -73.3% -75.4%
Operating cash flow growth (1Y) 0.3% -46.0% 12.7%
Operating cash flow CAGR (3Y) 13.4% -3.1% 2.9%
Free cash flow growth (1Y) 18.9% -83.7% 12.7%
Free cash flow CAGR (3Y) 17.8% -37.7% 6.8%

Profitability

14 metrics
MetricFCELHYGEDC
Gross margin -32.4% 15.4% –
EBITDA margin -89.9% -1.0% –
Operating margin -116.3% -2.3% –
Pretax margin -115.7% -2.9% –
Net margin -115.7% -3.3% –
FCF margin -65.6% 0.4% –
Operating cash flow margin -62.5% 2.2% –
Return on equity -20.8% -27.7% –
Return on assets -15.4% -5.9% -2,233%
Return on invested capital -20.5% -8.9% –
Return on capital employed -16.9% -8.6% –
Asset turnover 0.1x 1.8x –
Cash conversion (OCF / net income) 0.5x -0.7x 0.1x
Stock comp / revenue 6.4% 0.2% –

Financial Health

11 metrics
MetricFCELHYGEDC
Debt / assets 1.4% 25.9% 786.4%
Debt / equity 0.0x 1.3x -0.8x
Net debt / EBITDA 4.6x -14.3x –
Debt / FCF -0.2x 33.8x -3.1x
Liabilities / assets 25.0% 79.6% 1,049%
Equity / assets 75.0% 20.4% -949.2%
Interest coverage -16.0x -2.7x –
Current ratio 8.7x 1.3x 0.1x
Quick ratio 7.3x – 0.1x
Cash ratio 6.8x – 0.1x
Altman Z-score 0.01 2.22 –

Shareholder Returns

7 metrics
MetricFCELHYGEDC
Dividend yield – 4.9% –
Net buyback yield -60.4% -1.6% –
Shareholder yield -60.4% 3.3% –
Payout ratio (earnings) – -22.1% –
Payout ratio (FCF) – 174.3% –
Dividend growth (1Y) – 4.0% –
Dividend CAGR (3Y) – 5.5% –

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.

ConsensusFCELHYGEDC
EPS, next fiscal year $-2.70FY2026 $-3.99FY2026 –
Revenue, next fiscal year $153.46MFY2026 $3.26BFY2026 –
Revenue growth, next FY -3.0%FY2026 -13.6%FY2026 –
Revenue growth, the year after +71.6% +7.8% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCELHYGEDC
Held by institutions 65.0% 48.6% –
Institutions holding 226 153 –
Change in shares held, QoQ +67.3% +2.6% –
Institutions buying 161 88 –
Institutions selling 38 41 –
Buyers to sellers 4.24 2.15 –

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.

FCELHYGEDC
FCEL 1.00 0.24 0.06
HY 0.24 1.00 -0.02
GEDC 0.06 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FCEL, HY and GEDC?

Fuelcell Energy (FCEL) is the largest by market capitalisation: Fuelcell Energy (FCEL) $864.58M, Hyster-Yale (HY) $524.82M, TerraVolt Holdings (GEDC) $13.38M.

Which company is growing faster?

Fuelcell Energy (FCEL) grew revenue fastest over the trailing twelve months: Fuelcell Energy (FCEL) +1.1%, Hyster-Yale (HY) -11.1%.

Which company is more profitable?

Hyster-Yale (HY) has the highest net margin (Fuelcell Energy (FCEL) -115.7%, Hyster-Yale (HY) -3.3%). On return on invested capital, Hyster-Yale (HY) leads (Fuelcell Energy (FCEL) -20.5%, Hyster-Yale (HY) -8.9%).

Which stock has performed better?

Over the past year Fuelcell Energy (FCEL) returned the most: Fuelcell Energy (FCEL) +54.4%, Hyster-Yale (HY) -20.8%, TerraVolt Holdings (GEDC) +4.0%. Over five years, Hyster-Yale (HY) compounded fastest (Fuelcell Energy (FCEL) -44.3%/yr, Hyster-Yale (HY) -9.7%/yr, TerraVolt Holdings (GEDC) -33.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Fuelcell Energy (FCEL) 0.00%, Hyster-Yale (HY) 0.05%. Fuelcell Energy (FCEL) and TerraVolt Holdings (GEDC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Hyster-Yale (HY) has been the steadiest (Fuelcell Energy (FCEL) 131.3%, Hyster-Yale (HY) 51.6%, TerraVolt Holdings (GEDC) 356.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FCEL, HY and GEDC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hyster-Yale (HY) 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.