Fuelcell Energy (FCEL) Capital Expenditures (2010 - 2026)
Fuelcell Energy (FCEL) reported Capital Expenditures of $1.32 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 74.8% from $5.25 million a year earlier and down 22.4% from the prior quarter.
Fuelcell Energy (FCEL) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Fuelcell Energy's Capital Expenditures came in at $4.81 million, down 82.9% year-over-year; for FY2025 (ended Oct 31, 2025), it was $18.6 million, down 61.0% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 117.5% (FY2020 to FY2025).
- By fiscal year, Capital Expenditures came in at $47.72 million in FY2024 (+21.3%), $39.36 million in FY2023 (+86.7%), $21.08 million in FY2022 (+231.8%) and $6.35 million in FY2021.
- Five-year quarterly Capital Expenditures spans a low of $773,000 in fiscal Q1 2026 and a high of $13.4 million in fiscal Q3 2024.
- Year over year, Capital Expenditures has now declined in each of the last eight quarters, with an average decline of 60.3% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was fiscal Q2 2022 (growth of 569.8%); the low point was fiscal Q4 2025 (a decline of 90.4%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.7 million (Q2 2026), $773,000 (Q1 2026) and $1.02 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 243.42 Bn | 203.34 Bn | 2.36 Bn | 386.00 Mn |
| 2 | Bloom Energy | 64.86 Bn | 56.65 Bn | 355.57 Mn | 51.64 Mn |
| 3 | First Solar | 18.49 Bn | 9.44 Bn | 605.00 Mn | 161.32 Mn |
| 4 | BWX Technologies | 12.47 Bn | 10.77 Bn | 202.31 Mn | 41.43 Mn |
| 5 | Nextpower | 12.04 Bn | 7.93 Bn | 335.85 Mn | 15.90 Mn |
| 6 | Generac Holdings | 11.40 Bn | 10.23 Bn | 521.81 Mn | 58.29 Mn |
| 7 | EnerSys | 6.16 Bn | 4.36 Bn | 313.36 Mn | 12.42 Mn |
| 8 | Enphase Energy | 4.04 Bn | -817.10 Mn | 175.01 Mn | 14.39 Mn |
| 9 | Mirion Technologies | 3.66 Bn | 1.50 Bn | 133.10 Mn | 10.40 Mn |
| 10 | Fuelcell Energy | 903.66 Mn | -717.54 Mn | -24.50 Mn | 1.32 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.32 Mn |
| Apr 30, 2026 | 1.70 Mn |
| Jan 31, 2026 | 773,000.00 |
| Oct 31, 2025 | 1.02 Mn |
| Jul 31, 2025 | 5.25 Mn |
| Apr 30, 2025 | 5.28 Mn |
| Jan 31, 2025 | 7.06 Mn |
| Oct 31, 2024 | 10.55 Mn |
| Jul 31, 2024 | 13.40 Mn |
| Apr 30, 2024 | 13.21 Mn |
| Jan 31, 2024 | 10.57 Mn |
| Oct 31, 2023 | 11.25 Mn |
| Jul 31, 2023 | 11.20 Mn |
| Apr 30, 2023 | 9.14 Mn |
| Jan 31, 2023 | 7.77 Mn |
| Oct 31, 2022 | 5.29 Mn |
| Jul 31, 2022 | 5.40 Mn |
| Apr 30, 2022 | 5.06 Mn |
| Jan 31, 2022 | 5.33 Mn |
| Oct 31, 2021 | 3.45 Mn |
Fuelcell Energy Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();