Fuelcell Energy (FCEL) Enterprise Value (2010 - 2026)
Fuelcell Energy's Enterprise Value was $1.08 billion in fiscal Q3 2026 (quarter ended Jul 31, 2026), compared with -$44.38 million a year earlier and up 133.2% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Enterprise Value (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Fuelcell Energy's Enterprise Value was $114.4 million through Jul 31, 2026; for FY2025 (ended Oct 31, 2025), it was -$38.59 million.
- In earlier fiscal years, Enterprise Value was -$78.22 million in FY2024, $14.4 billion in FY2023 (-61.6%), $37.51 billion in FY2022 (-57.1%) and $87.45 billion in FY2021 (+564.1%).
- The fiscal Q3 2026 figure marks the highest quarterly Enterprise Value since fiscal Q3 2024.
- The best year-over-year quarter for Enterprise Value over five years was fiscal Q4 2021 (growth of 564.1%); the worst was fiscal Q1 2022 (a decline of 76.9%).
- Per Business Quant data, FCEL's Enterprise Value in the three fiscal quarters before Q3 2026 was $462.02 million (Q2 2026), $128.35 million (Q1 2026) and -$38.59 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 241.18 Bn | 201.10 Bn | 2.36 Bn |
| 2 | Bloom Energy | 64.04 Bn | 55.83 Bn | 355.57 Mn |
| 3 | First Solar | 18.89 Bn | 9.84 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.29 Bn | 10.59 Bn | 202.31 Mn |
| 5 | Nextpower | 12.02 Bn | 7.91 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn |
| 7 | EnerSys | 6.23 Bn | 4.42 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.21 Bn | -650.83 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.74 Bn | 1.57 Bn | 133.10 Mn |
| 10 | Fuelcell Energy | 880.07 Mn | -741.13 Mn | -24.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.08 Bn |
| Apr 30, 2026 | 462.02 Mn |
| Jan 31, 2026 | 128.35 Mn |
| Oct 31, 2025 | -38.59 Mn |
| Jul 31, 2025 | -44.38 Mn |
| Apr 30, 2025 | -73.82 Mn |
| Jan 31, 2025 | -35.96 Mn |
| Oct 31, 2024 | -78.22 Mn |
| Jul 31, 2024 | 8.22 Bn |
| Apr 30, 2024 | 12.54 Bn |
| Jan 31, 2024 | 15.99 Bn |
| Oct 31, 2023 | 14.40 Bn |
| Jul 31, 2023 | 28.84 Bn |
| Apr 30, 2023 | 22.62 Bn |
| Jan 31, 2023 | 44.17 Bn |
| Oct 31, 2022 | 37.51 Bn |
| Jul 31, 2022 | 42.03 Bn |
| Apr 30, 2022 | 46.86 Bn |
| Jan 31, 2022 | 46.28 Bn |
| Oct 31, 2021 | 87.45 Bn |
API Access
Fuelcell Energy Enterprise Value 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=enterprise-value&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();