Fuelcell Energy (FCEL) Shares Outstanding (Diluted) (2010 - 2026)
Fuelcell Energy's Shares Outstanding (Diluted) came in at 70.41 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 188.1% from 24.44 million a year earlier and up 29.8% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Fuelcell Energy's Shares Outstanding (Diluted) was 25.74 million, up 56.0% from FY2024.
- Shares Outstanding (Diluted) carries a five-year compound annual growth rate of -35.0% (FY2020 to FY2025).
- Going back by fiscal year, Shares Outstanding (Diluted) was 16.51 million in FY2024 (-96.1%), 419.75 million in FY2023 (+9.6%), 383.14 million in FY2022 (+14.5%) and 334.74 million in FY2021 (+50.8%).
- The fiscal Q3 2026 figure represents the highest quarterly Shares Outstanding (Diluted) since fiscal Q3 2024.
- Year-over-year, Shares Outstanding (Diluted) has increased for four consecutive quarters, with growth averaging 18.3% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in fiscal Q3 2026 (growth of 188.1%), and the weakest in fiscal Q4 2024 (a decline of 96.1%).
- Business Quant data shows FCEL's Shares Outstanding (Diluted) at 54.22 million (Q2 2026), 48.21 million (Q1 2026) and 25.74 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 240.96 Bn | 200.87 Bn | 2.36 Bn | 270.00 Mn |
| 2 | Bloom Energy | 64.12 Bn | 55.92 Bn | 355.57 Mn | 323.33 Mn |
| 3 | First Solar | 18.84 Bn | 9.79 Bn | 605.00 Mn | 107.73 Mn |
| 4 | BWX Technologies | 12.33 Bn | 10.63 Bn | 202.31 Mn | 92.01 Mn |
| 5 | Nextpower | 11.98 Bn | 7.87 Bn | 335.85 Mn | 155.14 Mn |
| 6 | Generac Holdings | 11.41 Bn | 10.24 Bn | 521.81 Mn | 59.64 Mn |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 37.63 Mn |
| 8 | Enphase Energy | 4.20 Bn | -655.50 Mn | 175.01 Mn | 135.12 Mn |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn | 275.07 Mn |
| 10 | Fuelcell Energy | 880.07 Mn | -741.13 Mn | -24.50 Mn | 70.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 70.41 Mn |
| Apr 30, 2026 | 54.22 Mn |
| Jan 31, 2026 | 48.21 Mn |
| Oct 31, 2025 | 25.74 Mn |
| Jul 31, 2025 | 24.44 Mn |
| Apr 30, 2025 | 21.74 Mn |
| Jan 31, 2025 | 20.50 Mn |
| Oct 31, 2024 | 16.51 Mn |
| Jul 31, 2024 | 503.18 Mn |
| Apr 30, 2024 | 452.98 Mn |
| Jan 31, 2024 | 451.64 Mn |
| Oct 31, 2023 | 419.75 Mn |
| Jul 31, 2023 | 415.87 Mn |
| Apr 30, 2023 | 406.32 Mn |
| Jan 31, 2023 | 405.80 Mn |
| Oct 31, 2022 | 383.14 Mn |
| Jul 31, 2022 | 387.47 Mn |
| Apr 30, 2022 | 372.62 Mn |
| Jan 31, 2022 | 366.73 Mn |
| Oct 31, 2021 | 334.74 Mn |
API Access
Fuelcell Energy Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();