Fuelcell Energy (FCEL) Minority Interest (2010 - 2026)
Fuelcell Energy (FCEL) recorded Minority Interest of $7.79 million in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 13.9% from $9.05 million a year earlier and down 14.2% from the prior quarter.
Powered by 
Analysis
Fuelcell Energy (FCEL) Minority Interest (2010 - 2026) Analysis & Trends
At the end of FY2025 (ended Oct 31, 2025), Fuelcell Energy reported Minority Interest of $9.11 million, down 14.8% from FY2024.
- Annual Minority Interest has a four-year compound annual growth rate of 31.7% (FY2021 to FY2025).
- Across earlier fiscal years, Minority Interest came in at $10.69 million in FY2024 (-40.5%), $17.96 million in FY2023 (+152.7%), $7.11 million in FY2022 (+134.5%) and $3.03 million in FY2021.
- The fiscal Q3 2026 figure is the lowest quarterly Minority Interest since fiscal Q1 2023.
- On a year-over-year basis, Minority Interest has declined for eight consecutive quarters, with an average decline of 19.1% over the last eight quarters.
- Peak year-over-year performance for Minority Interest in the last five years was growth of 152.7% in fiscal Q4 2023, against a decline of 51.0% in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $9.08 million (Q2 2026), $9.28 million (Q1 2026) and $9.11 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 241.63 Bn | 201.55 Bn | 2.36 Bn |
| 2 | Bloom Energy | 64.21 Bn | 56.01 Bn | 355.57 Mn |
| 3 | First Solar | 18.94 Bn | 9.89 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.40 Bn | 10.70 Bn | 202.31 Mn |
| 5 | Nextpower | 12.01 Bn | 7.91 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.57 Bn | 10.39 Bn | 521.81 Mn |
| 7 | EnerSys | 6.21 Bn | 4.40 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.21 Bn | -646.21 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn |
| 10 | Fuelcell Energy | 880.78 Mn | -740.42 Mn | -24.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 7.79 Mn |
| Apr 30, 2026 | 9.08 Mn |
| Jan 31, 2026 | 9.28 Mn |
| Oct 31, 2025 | 9.11 Mn |
| Jul 31, 2025 | 9.05 Mn |
| Apr 30, 2025 | 9.76 Mn |
| Jan 31, 2025 | 10.03 Mn |
| Oct 31, 2024 | 10.69 Mn |
| Jul 31, 2024 | 9.35 Mn |
| Apr 30, 2024 | 12.29 Mn |
| Jan 31, 2024 | 18.24 Mn |
| Oct 31, 2023 | 17.96 Mn |
| Jul 31, 2023 | 8.34 Mn |
| Apr 30, 2023 | 7.81 Mn |
| Jan 31, 2023 | 7.57 Mn |
| Oct 31, 2022 | 7.11 Mn |
| Jul 31, 2022 | 6.77 Mn |
| Apr 30, 2022 | 6.42 Mn |
| Jan 31, 2022 | 15.45 Mn |
| Oct 31, 2021 | 3.03 Mn |
API Access
Fuelcell Energy Minority Interest 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=minority-interest&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();