Fuelcell Energy (FCEL) Invested Capital (2010 - 2026)
Fuelcell Energy's (FCEL) quarterly Invested Capital came in at $1.0 billion in Q3 2026, up 72.13% year-over-year from $581.9 million in Q3 2025, and up 34.3% quarter-over-quarter from $745.9 million in Q2 2026.
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Analysis
Fuelcell Energy (FCEL) Invested Capital (2010 - 2026) Analysis & Trends
Fuelcell Energy has disclosed Invested Capital across 17 years of filings, most recently posting $1.0 billion for Q3 2026.
- In Q3 2026, Invested Capital rose 72.13% year-over-year to $1.0 billion; the TTM figure through Jul 2026 stood at $1.0 billion (up 72.13% YoY), while the FY2025 annual figure was $687.1 million, up 0.53% from the prior year.
- Invested Capital came in at $1.0 billion for Q3 2026 at Fuelcell Energy, up from $745.9 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $1.0 billion in Q3 2026 to a low of $581.9 million in Q3 2025.
- Average Invested Capital over 5 years is $698.7 million, with a median of $692.4 million recorded in 2024.
- Year-over-year, Invested Capital surged 122.73% in 2022 and fell 16.55% in 2025.
- Over 5 years, Invested Capital stood at $704.7 million in 2022, then climbed by 0.83% to $710.5 million in 2023, then fell by 3.8% to $683.5 million in 2024, then gained by 0.53% to $687.1 million in 2025, then soared by 45.78% to $1.0 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $1.0 billion in Q3 2026, $745.9 million in Q2 2026, and $721.9 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bloom Energy | 80.01 Bn | 77.37 Bn | 355.57 Mn | 1.64 Bn |
| 2 | Fuelcell Energy | 1.44 Bn | 785.67 Mn | -24.50 Mn | 1.00 Bn |
| 3 | Ballard Power Systems | 667.74 Mn | 162.59 Mn | 4.08 Mn | - |
| 4 | Sunhydrogen | 114.56 Mn | 114.56 Mn | -45,724.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.00 Bn |
| Apr 30, 2026 | 745.86 Mn |
| Jan 31, 2026 | 721.94 Mn |
| Oct 31, 2025 | 687.13 Mn |
| Jul 31, 2025 | 581.93 Mn |
| Apr 30, 2025 | 636.08 Mn |
| Jan 31, 2025 | 662.13 Mn |
| Oct 31, 2024 | 683.53 Mn |
| Jul 31, 2024 | 697.34 Mn |
| Apr 30, 2024 | 663.83 Mn |
| Jan 31, 2024 | 692.37 Mn |
| Oct 31, 2023 | 710.52 Mn |
| Jul 31, 2023 | 717.76 Mn |
| Apr 30, 2023 | 659.51 Mn |
| Jan 31, 2023 | 688.62 Mn |
| Oct 31, 2022 | 704.70 Mn |
| Jul 31, 2022 | 706.59 Mn |
| Apr 30, 2022 | 707.44 Mn |
| Jan 31, 2022 | 606.46 Mn |
| Oct 31, 2021 | 652.52 Mn |
API Access
Fuelcell Energy Invested Capital 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=invested-capital&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();