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FCEL Fuelcell Energy

FuelCell Energy, Inc. is a fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants that run on natural gas and biogas. As the biggest publicly traded fuel cell manufacturer in the U.S., the company operates over 50 plants all over the world. It operates the world’s largest fuel cell park, Gyeonggi Green Energy Fuel cell park, which is located in South Korea. The park consists of 21 power plants providing 59 Megawatt of electricity plus district heating to a number of customers in South Korea. It also operates the largest fuel cell park in North America consisting of five 2.8MW power plants and a rankine cycle turbine bottoming cycle in Bridgeport, Connecticut. The company has two markets including ultra-clean power, based on natural gas, and renewable power operating on renewable biogas. Its customer base covers commercial and industrial enterprises including utility companies, municipalities, universities, etc. In 1969, the company was founded as Energy Research Corporation by early fuel cell pioneers Bernard Baker and Martin Klein, who are both chemical engineers with professional knowledge in advanced battery technologies. From the 1970s to 1990s, with sponsorship from U.S. military and other utility companies, the company extended to low-temperature fuel cell area and high-temperature carbonate fuel systems, which proved to have greater potential in commercial applications. It completed its IPO in 1992 and was renamed as FuelCell Energy, Inc. It spun off its battery division, Evercel in 1999. FuelCell Energy began expanding globally in 2007 through its partnership with POSCO Energy, targeting markets in Southeast Asia, particularly South Korea.

Company profile

Ticker
FCEL, 0A60
Exchange
CEO
Jason B. Few
Employees
Incorporated
Location
Fiscal year end
Former names
ENERGY RESEARCH CORP /NY/
SEC CIK
IRS number
60853042

FCEL stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Mar 21
18 Apr 21
31 Oct 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Oct 19 Oct 18 Oct 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 209.59M 209.59M 209.59M 209.59M 209.59M 209.59M
Cash burn (monthly) (positive/no burn) (positive/no burn) 15.32M 7.91M 10.11M 5.05M
Cash used (since last report) n/a n/a 39.93M 20.61M 26.34M 13.16M
Cash remaining n/a n/a 169.67M 188.98M 183.26M 196.43M
Runway (months of cash) n/a n/a 11.1 23.9 18.1 38.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Apr 21 Groobey John Christopher Common Stock Sell Dispose S No Yes 12.56 16,000 200.96K 77,972
8 Apr 21 England James Herbert RSU Common Stock Grant Aquire A No No 0 5,919 0 5,919
8 Apr 21 von Althann Natica RSU Common Stock Grant Aquire A No No 0 5,919 0 5,919
8 Apr 21 Groobey John Christopher Common Stock Option exercise Aquire M No No 0 8,993 0 93,972
8 Apr 21 Groobey John Christopher Common Stock Option exercise Aquire M No No 0 23,810 0 84,979
8 Apr 21 Groobey John Christopher RSU Common Stock Grant Aquire A No No 0 5,919 0 5,919
8 Apr 21 Groobey John Christopher RSU Common Stock Option exercise Dispose M No No 0 8,993 0 0
8 Apr 21 Groobey John Christopher RSU Common Stock Option exercise Dispose M No No 0 23,810 0 0
8 Apr 21 Hilzinger Matthew F RSU Common Stock Grant Aquire A No No 0 5,919 0 5,919
6 Apr 21 Arasimowicz Jennifer D Common Stock Payment of exercise Dispose F No No 13.85 1,306 18.09K 17,105

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

30.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 206 129 +59.7%
Opened positions 112 34 +229.4%
Closed positions 35 18 +94.4%
Increased positions 60 31 +93.5%
Reduced positions 25 40 -37.5%
13F shares
Current Prev Q Change
Total value 3.12B 212.75M +1364.2%
Total shares 98.23M 99.3M -1.1%
Total puts 4.52M 2.29M +97.5%
Total calls 5.6M 1.25M +348.9%
Total put/call ratio 0.8 1.8 -56.0%
Largest owners
Shares Value Change
BLK Blackrock 21.19M $236.73M +50.7%
Vanguard 15.41M $172.14M +31.6%
STT State Street 6.87M $76.75M +41.4%
Geode Capital Management 4.6M $51.33M +51.6%
IVZ Invesco 3.98M $44.49M -46.1%
Susquehanna International 3.63M $40.58M +121.2%
NTRS Northern Trust 3.28M $36.63M +37.9%
D. E. Shaw & Co. 3.23M $36.04M +71.0%
Millennium Management 3.22M $36M +128.9%
MS Morgan Stanley 2.63M $29.35M -21.1%
Largest transactions
Shares Bought/sold Change
CVI 0 -19M EXIT
BLK Blackrock 21.19M +7.13M +50.7%
Vanguard 15.41M +3.7M +31.6%
Hudson Bay Capital Management 0 -3.53M EXIT
IVZ Invesco 3.98M -3.41M -46.1%
Luminus Management 0 -3.3M EXIT
Alyeska Investment 0 -2.67M EXIT
C Citigroup 2.61M +2.22M +572.4%
STT State Street 6.87M +2.01M +41.4%
Caas Capital Management 0 -2M EXIT

Financial report summary

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Competition
Capstone Turbine
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: adhere, anniversary, appoint, ASU, Beach, CDC, Center, certified, component, Concurrent, Concurrently, contemplated, counterclaim, Derby, discontinued, driven, force, frame, globe, Illuminating, induce, interfering, Island, launched, live, misrepresented, Morgan, OVERVIEW, people, Port, proactive, professional, protocol, prototype, reincorporated, remitted, RSA, RSU, Russell, sequestration, shareholder, simplifying, Simulation, single, slight, smaller, submission, throughput, trailing, unconditionally, underwriting, unfavorable, uniquely, unspecified, urbanization, vendor, waived, withdrawal, withdrew, worsening, York
Removed: acceleration, accounted, accretion, acquired, acting, Adjusting, affirmative, aimed, allocate, anticipate, appraisal, approach, arise, ASC, assignment, assumed, back, binding, Bioenergy, biomat, bring, broad, CA, calculated, cancel, cancellation, carbonate, claiming, classification, classify, CMEEC, Codification, combination, committed, comply, consented, constitute, consulting, consummated, convey, conveyed, corrected, covenant, create, creditworthy, deficiency, deficit, delivered, dependence, dependent, deposited, dioxide, directly, disclose, disposition, divided, drawn, earlier, Edison, effectively, enhance, enhanced, entering, entitle, equal, establish, event, exclusivity, exercisable, expedient, expose, fall, favorable, FBR, financed, forbearance, foregoing, formula, goal, guaranteed, Guaranty, heading, heat, heavily, hindsight, improve, improved, indemnify, indirect, ineffective, invoice, invoiced, IRS, leased, leasing, Lending, lessor, LIPA, located, maintaining, manufactured, maximum, MetaBank, method, misstatement, modify, Municipal, National, negative, newly, NOL, notwithstanding, NRG, optimize, oversight, package, partial, pattern, permitted, pledge, practical, prevented, produced, profitability, realize, recognize, record, recycle, redeem, relationship, remediate, remediated, remediating, remediation, renewable, rental, reorganization, reservation, resolved, resource, retrospective, reverse, Riley, satisfying, separately, servicing, shortfall, software, sooner, sourcing, space, Specifically, split, stability, stated, stay, submarine, sufficiently, targeting, tariff, tool, track, treated, TRS, Tulare, unfunded, unrecognized, upgrade, waiver, warranted, Waste, Wavier, Webster

Patents

APP
Utility
Reformer-electrolyzer-purifier (Rep) Assembly for Hydrogen Production, Systems Incorporating Same and Method of Producing Hydrogen
25 Mar 21
A high temperature electrolyzer assembly comprising at least one electrolyzer fuel cell including an anode and a cathode separated by an electrolyte matrix, and a power supply for applying a reverse voltage to the at least one electrolyzer fuel cell, wherein a gas feed comprising steam and one or more of CO2 and hydrocarbon fuel is fed to the anode of the at least one electrolyzer fuel cell, and wherein, when the power supply applies the reverse voltage to the at least one electrolyzer fuel cell, hydrogen-containing gas is generated by an electrolysis reaction in the anode of the at least one electrolyzer fuel cell and carbon dioxide is separated from the hydrogen-containing gas so that the at least one electrolyzer fuel cell outputs the hydrogen-containing gas and separately outputs an oxidant gas comprising carbon dioxide and oxygen.
GRANT
Utility
Stable electrolyte matrix for molten carbonate fuel cells
23 Mar 21
A method of making an electrolyte matrix includes: preparing a slurry comprising a support material, a coarsening inhibitor, an electrolyte material, and a solvent; and drying the slurry to form an electrolyte matrix.
APP
Utility
Molten Carbonate Fuel Cell Anode Exhaust Post-processing for Carbon Dioxide Capture
18 Feb 21
A fuel cell system includes: a first fuel cell including a first anode and a first cathode, wherein the first anode is configured to output a first anode exhaust gas; a first oxidizer configured to receive the first anode exhaust gas and air from a first air supply, to react the first anode exhaust gas and the air in a preferential oxidation reaction, and to output an oxidized gas; a second fuel cell configured to act as an electrochemical hydrogen separator, the second fuel cell including: a second anode configured to receive the oxidized gas from the first oxidizer and to output a second anode exhaust gas, and a second cathode configured to output a hydrogen stream; and a condenser configured to receive the second anode exhaust gas and to separate water and CO2.
GRANT
Utility
Fuel cell module housing with field replaceable stacks
16 Feb 21
A fuel cell module includes a plurality of fuel cell stacks; a manifold configured to provide process gases to and receive process gases from the plurality of fuel cell stacks; and a module housing enclosing the plurality of fuel cell stacks and the manifold.
GRANT
Utility
Load following power generation and power storage using REP and PEM technology
19 Jan 21
A hydrogen generation system for generating hydrogen and electrical power includes a power supply, a reformer-electrolyzer-purifier (REP) assembly including at least one fuel cell including an anode and a cathode separated by an electrolyte matrix, at least one low temperature fuel cell, and a hydrogen storage.