Fuelcell Energy (FCEL) Inventory (2010 - 2026)
Fuelcell Energy (FCEL) reported Inventory of $86.38 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 17.4% from $104.6 million a year earlier and down 2.3% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Inventory (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Oct 31, 2025), Fuelcell Energy posted Inventory of $86.2 million, down 24.2% from FY2024.
- Inventory has a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- By fiscal year, Inventory came in at $113.7 million in FY2024 (+34.6%), $84.46 million in FY2023 (-7.1%), $90.91 million in FY2022 (+35.5%) and $67.07 million in FY2021 (+31.6%).
- Five-year quarterly Inventory spans a low of $65.39 million in fiscal Q1 2022 and a high of $129.35 million in fiscal Q3 2024.
- Year over year, Inventory has now declined in each of the last five quarters, with an average decline of 6.5% over the last eight quarters.
- The high point for year-over-year Inventory in five years was fiscal Q1 2023 (growth of 54.7%); the low point was fiscal Q2 2026 (a decline of 28.4%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $88.45 million (Q2 2026), $90.28 million (Q1 2026) and $86.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 12.69 Bn |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 758.19 Mn |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 1.09 Bn |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 46.30 Mn |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | 261.63 Mn |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 1.24 Bn |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 738.65 Mn |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 285.02 Mn |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 159.40 Mn |
| 10 | Fuelcell Energy | 872.33 Mn | -748.87 Mn | -24.50 Mn | 86.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 86.38 Mn |
| 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 |
API Access
Fuelcell Energy Inventory 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=inventory&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();