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FCEL Fuelcell Energy

FuelCell Energy, Inc. is a global leader in sustainable clean energy technologies that address some of the world's most critical challenges around energy, safety and global urbanization. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. Its solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe. It targets large-scale power users with its megawatt-class installations globally, and currently offers sub-megawatt solutions for smaller power consumers in Europe. To provide a frame of reference, one megawatt is adequate to continually power approximately 1,000 average sized U.S. homes. It develops turn-key distributed power generation solutions and operate and provide comprehensive service for the life of the power plant. Its fuel cell solution is a clean, efficient alternative to traditional combustion-based power generation, and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. Its customer base includes utility companies, municipalities, universities, hospitals, government entities/military bases and a variety of industrial and commercial enterprises. Its leading geographic markets are currently the United States and South Korea, and it is pursuing opportunities in other countries around the world. FuelCell Energy, based in Connecticut, was founded in 1969.

Company profile

Ticker
FCEL, FCELB, 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

10 Jun 21
4 Aug 21
31 Oct 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 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) 171.18M 171.18M 171.18M 171.18M 171.18M 171.18M
Cash burn (monthly) 12.8M (positive/no burn) 6.31M 8.25M 3.62M 5.27M
Cash used (since last report) 40.59M n/a 19.99M 26.17M 11.46M 16.7M
Cash remaining 130.59M n/a 151.19M 145.01M 159.72M 154.48M
Runway (months of cash) 10.2 n/a 24.0 17.6 44.2 29.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 21 England James Herbert Deferred Common Stock Units Common Stock Grant Aquire A No No 0 4,155 0 101,902
15 Jul 21 Groobey John Christopher Common Stock Grant Aquire A No No 0 2,653 0 82,325
15 Jul 21 von Althann Natica Deferred Common Stock Units Common Stock Grant Aquire A No No 0 885 0 67,586
15 Jul 21 Cynthia L Hansen Common Stock Grant Aquire A No No 0 2,432 0 4,474
15 Jul 21 Hilzinger Matthew F Deferred Common Stock Units Common Stock Grant Aquire A No No 0 818 0 77,072

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

34.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 250 206 +21.4%
Opened positions 87 112 -22.3%
Closed positions 43 35 +22.9%
Increased positions 78 60 +30.0%
Reduced positions 53 25 +112.0%
13F shares
Current Prev Q Change
Total value 2.72B 3.12B -12.6%
Total shares 109.72M 98.23M +11.7%
Total puts 8.44M 4.52M +86.7%
Total calls 9.54M 5.6M +70.2%
Total put/call ratio 0.9 0.8 +9.7%
Largest owners
Shares Value Change
BLK Blackrock 23.84M $343.47M +12.5%
Vanguard 21.89M $315.42M +42.0%
STT State Street 8.02M $115.5M +16.6%
Geode Capital Management 5.39M $77.69M +17.3%
MS Morgan Stanley 3.93M $56.69M +49.7%
Susquehanna International 3.49M $50.35M -3.8%
NTRS Northern Trust 3.38M $48.71M +3.1%
First Trust Advisors 3M $43.29M +34.7%
IVZ Invesco 2.93M $42.29M -26.3%
Charles Schwab Investment Management 2.29M $33.04M +12.2%
Largest transactions
Shares Bought/sold Change
Vanguard 21.89M +6.48M +42.0%
D. E. Shaw & Co. 557.83K -2.67M -82.7%
BLK Blackrock 23.84M +2.64M +12.5%
C Citigroup 145.32K -2.46M -94.4%
Two Sigma Investments 2.26M +2.23M +5983.1%
Millennium Management 1.24M -1.98M -61.4%
Voya Investment Management 137.75K -1.5M -91.6%
Voloridge Investment Management 1.35M +1.35M NEW
MS Morgan Stanley 3.93M +1.31M +49.7%
STT State Street 8.02M +1.14M +16.6%

Financial report summary

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Competition
Capstone Green Energy
Management Discussion
  • Management evaluates our results of operations and cash flows using a variety of key performance indicators, including revenues compared to prior periods and internal forecasts, costs of our products and results of our cost reduction initiatives, and operating cash use. These are discussed throughout the “Results of Operations” and “Liquidity and Capital Resources” sections. Results of Operations are presented in accordance with accounting principles generally accepted in the United States (“GAAP”).
  • Total revenues for the three months ended April 30, 2021 of $14.0 million reflects a decrease of $4.9 million from $18.9 million for the same period in the prior year. Cost of revenues for the three months ended April 30, 2021 of $18.7 million remained consistent with the same period in the prior year. A discussion of the changes in product revenues, service and license revenues, generation revenues and Advanced Technologies contract revenues follows.
  • There was no product revenue during the three months ended April 30, 2021 and 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: fabrication, factory, mailing, mechanically, resolution, resurgence, stage, summer, thousand, unamortized, unchanged, underway
Removed: capped, cybersecurity, default, excluding, heightened, introduce, limit, MINE, NaN, noted, percentage, qualitative, quantitative, replacement, salary, strain, twenty, UNREGISTERED

Patents

APP
Utility
Supported Nickel Catalysts Used As Direct Internal Reforming Catalyst In Molten Carbonate Fuel Cells
29 Jul 21
Disclosed here is a supported catalyst comprising a thermally stable core, wherein the thermally stable core comprises a metal oxide support and nickel disposed in the metal oxide support, wherein the metal oxide support comprises at least one base metal oxide and at least one transition metal oxide or rare earth metal oxide mixed with or dispersed in the base metal oxide.
APP
Utility
Carbon Dioxide Capturing Steam Methane Reformer
22 Jul 21
An integrated system for carbon dioxide capture includes a steam methane reformer and a CO2 pump that comprises an anode and a cathode.
APP
Utility
Methanation of Anode Exhaust Gas to Enhance Carbon Dioxide Capture
15 Jul 21
A power production system includes a flue gas generator configured to generate a flue gas that includes carbon dioxide and oxygen; a fuel supply; a fuel cell assembly that includes: a cathode section configured to receive the flue gas generated by the flue gas generator, and output cathode exhaust, and an anode section configured to receive fuel from the fuel supply, and output anode exhaust that contains hydrogen and carbon dioxide; a methanator configured to receive the anode exhaust, convert at least a portion of the hydrogen in the anode exhaust to methane, and output methanated anode exhaust; a chiller assembly configured to cool the methanated anode exhaust to a predetermined temperature so as to liquefy carbon dioxide in the methanated anode exhaust; and a gas separation assembly configured to receive the cooled methanated anode exhaust and separate the liquefied carbon dioxide from residual fuel gas.
APP
Utility
System Including Fuel Cell Assembly Voltage Monitor
1 Jul 21
A system for capturing carbon dioxide in flue gas includes a fuel cell assembly including at least one fuel cell including a cathode portion configured to receive, as cathode inlet gas, the flue gas generated by the flue gas generating device or a derivative thereof, and to output cathode exhaust gas and an anode portion configure to receive an anode inlet gas and to output anode exhaust gas, a fuel cell assembly voltage monitor configured to measure a voltage across the fuel cell assembly, and a controller configured to receive the measured voltage across the fuel cell assembly from the fuel cell assembly voltage monitor, determine an estimated carbon dioxide utilization of the fuel cell assembly based on the measured voltage across the fuel cell assembly, and reduce the carbon dioxide utilization of the fuel cell assembly when the determined estimated carbon dioxide utilization is above a predetermined threshold utilization.
GRANT
Utility
Fuel cell system having enhanced CO
22 Jun 21
A carbon dioxide capture system for removing carbon dioxide from a flue gas produced by a combustion power plant.