Fuelcell Energy (FCEL) Inventory (2010 - 2026)
Fuelcell Energy's (FCEL) quarterly Inventory came in at $88.4 million in Q2 2026, down 28.41% YoY from $123.5 million in Q2 2025, and down 2.02% on a QoQ basis from $90.3 million in Q1 2026.
Fuelcell Energy (FCEL) Inventory (2010 - 2026) Analysis & Trends
Fuelcell Energy's Inventory history runs 17 years deep, the most recent figure standing at $88.4 million for Q2 2026.
- On a quarterly basis, Inventory fell 28.41% year-over-year to $88.4 million in Q2 2026; TTM through Apr 2026 was $88.4 million, a 28.41% decrease from a year earlier, with the FY2025 full-year figure at $86.2 million, down 24.19% from the prior year.
- Inventory was $88.4 million for Q2 2026 at Fuelcell Energy, down from $90.3 million in the prior quarter.
- Over the last five years, Inventory for FCEL reached as high as $129.3 million in Q3 2024 and fell as low as $65.4 million in Q1 2022.
- A 5-year average of $97.6 million and a median of $90.6 million in 2022 frame the typical range for Inventory.
- The widest annual swing landed in 2023, when Inventory surged 54.74%; it then slipped 28.41% in 2026.
- Tracing FCEL's Inventory over 5 years: stood at $90.9 million in 2022, then fell by 7.1% to $84.5 million in 2023, then surged by 34.63% to $113.7 million in 2024, then fell by 24.19% to $86.2 million in 2025, then grew by 2.61% to $88.4 million in 2026.
- According to Business Quant data, Inventory over the past three periods registered $88.4 million, $90.3 million, and $86.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | 2.18 Mn |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 1.83 Bn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 732.53 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 512.00 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 1.14 Bn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 458.70 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 86.30 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 43.77 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 515.20 Mn |
| 10 | Fuelcell Energy | 1.02 Bn | 1.02 Bn | -12.93 Mn | 88.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 88.45 Mn |
| Jan 31, 2026 | 90.28 Mn |
| Oct 31, 2025 | 86.20 Mn |
| Jul 31, 2025 | 104.60 Mn |
| Apr 30, 2025 | 123.54 Mn |
| Jan 31, 2025 | 125.76 Mn |
| Oct 31, 2024 | 113.70 Mn |
| Jul 31, 2024 | 129.35 Mn |
| Apr 30, 2024 | 113.92 Mn |
| Jan 31, 2024 | 102.86 Mn |
| Oct 31, 2023 | 84.46 Mn |
| Jul 31, 2023 | 85.56 Mn |
| Apr 30, 2023 | 87.29 Mn |
| Jan 31, 2023 | 101.18 Mn |
| Oct 31, 2022 | 90.91 Mn |
| Jul 31, 2022 | 80.61 Mn |
| Apr 30, 2022 | 82.88 Mn |
| Jan 31, 2022 | 65.39 Mn |
| Oct 31, 2021 | 67.07 Mn |
| Jul 31, 2021 | 60.41 Mn |