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
Website
CEO
Jason B. Few
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ENERGY RESEARCH CORP /NY/
SEC CIK
Corporate docs
IRS number
60853042
FCEL stock data
()
News
Benzinga's Top Ratings Upgrades, Downgrades For April 16, 2021
16 Apr 21
Here's Why FuelCell, Plug Power And Workhorse Are Moving
16 Apr 21
B. Riley FBR Initiates Coverage On FuelCell Energy with Neutral Rating, Announces Price Target of $11
16 Apr 21
So What's Up With Plug Power And FuelCell Getting Hammered Today?
15 Apr 21
Here's Why Microsoft, Plug Power And FuelCell Are Moving
13 Apr 21
Press releases
Thinking about buying stock in Future Fintech, Advanced Micro Devices, Uxin, Castor Maritime, or FuelCell Energy?
1 Apr 21
Thinking about trading options or stock in Cleveland-Cliffs, United States Steel, United Airlines, FuelCell Energy, or General Electric?
31 Mar 21
Thinking about buying stock in Sundial, FuelCell, Naked Brand, AzurRx, or General Electric?
16 Mar 21
FuelCell Energy, Inc. to Host Earnings Call
16 Mar 21
FuelCell Energy Reports Results for the First Quarter of Fiscal 2021
16 Mar 21
Investment data
Securities sold
Number of investors
Calendar
16 Mar 21
18 Apr 21
31 Oct 21
Financial summary
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 206 |
Opened positions | 112 |
Closed positions | 35 |
Increased positions | 60 |
Reduced positions | 25 |
13F shares |
Current |
---|---|
Total value | 3.12B |
Total shares | 98.23M |
Total puts | 4.52M |
Total calls | 5.6M |
Total put/call ratio | 0.8 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 21.19M | $236.73M |
Vanguard | 15.41M | $172.14M |
STT State Street | 6.87M | $76.75M |
Geode Capital Management | 4.6M | $51.33M |
IVZ Invesco | 3.98M | $44.49M |
Susquehanna International | 3.63M | $40.58M |
NTRS Northern Trust | 3.28M | $36.63M |
D. E. Shaw & Co. | 3.23M | $36.04M |
Millennium Management | 3.22M | $36M |
MS Morgan Stanley | 2.63M | $29.35M |
Financial report summary
?Competition
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H.S. senior Avg
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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
Financial reports
10-Q
2021 Q1
Quarterly report
16 Mar 21
10-K
2020 FY
Annual report
21 Jan 21
10-Q
2020 Q3
Quarterly report
10 Sep 20
10-Q
2020 Q2
Quarterly report
12 Jun 20
10-Q
2020 Q1
Quarterly report
16 Mar 20
10-K
2019 FY
Annual report
22 Jan 20
10-Q
2019 Q3
Quarterly report
9 Sep 19
10-Q
2019 Q2
Quarterly report
17 Jun 19
NT 10-Q
Notice of late quarterly filing
11 Jun 19
10-Q
2019 Q1
Quarterly report
7 Mar 19
Current reports
8-K/A
Departure of Directors or Certain Officers
14 Apr 21
8-K
Departure of Directors or Certain Officers
8 Apr 21
8-K
FuelCell Energy Reports Results for the First Quarter of Fiscal 2021
16 Mar 21
8-K
Regulation FD Disclosure
16 Feb 21
8-K
Termination of a Material Definitive Agreement
11 Feb 21
8-K
Other Events
9 Feb 21
8-K
FuelCell Energy Reports Fourth Quarter and Fiscal Year 2020 Financial Results
21 Jan 21
8-K
Departure of Directors or Certain Officers
20 Jan 21
8-K
Termination of a Material Definitive Agreement
21 Dec 20
8-K
Termination of a Material Definitive Agreement
9 Dec 20
Registration and prospectus
S-8
Registration of securities for employees
8 Apr 21
424B5
Prospectus supplement for primary offering
9 Feb 21
424B5
Prospectus supplement for primary offering
3 Dec 20
424B5
Prospectus supplement for primary offering
1 Dec 20
S-3ASR
Automatic shelf registration
1 Dec 20
424B5
Prospectus supplement for primary offering
30 Sep 20
424B5
Prospectus supplement for primary offering
29 Sep 20
424B3
Prospectus supplement
21 Jul 20
S-3
Shelf registration
28 Jun 20
424B5
Prospectus supplement for primary offering
16 Jun 20
Proxies
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Feb 21
DEF 14A
Definitive proxy
19 Feb 21
PRE 14A
Preliminary proxy
9 Feb 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEFA14A
Additional proxy soliciting materials
24 Feb 20
DEF 14A
Definitive proxy
24 Feb 20
Other
EFFECT
Notice of effectiveness
21 Jul 20
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
EFFECT
Notice of effectiveness
20 Aug 18
UPLOAD
Letter from SEC
19 Aug 18
CORRESP
Correspondence with SEC
16 Aug 18
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
12 Nov 17
SD
Conflict minerals disclosure
25 May 17
EFFECT
Notice of effectiveness
23 Feb 17
Ownership
4
FUELCELL ENERGY / MATTHEW F HILZINGER ownership change
12 Apr 21
4
FUELCELL ENERGY / John Christopher Groobey ownership change
12 Apr 21
4
FUELCELL ENERGY / Althann Natica von ownership change
12 Apr 21
4
FUELCELL ENERGY / James Herbert England ownership change
12 Apr 21
4
FUELCELL ENERGY / Michael S. Bishop ownership change
7 Apr 21
4
FUELCELL ENERGY / Anthony leo ownership change
7 Apr 21
4
FUELCELL ENERGY / Jennifer D Arasimowicz ownership change
7 Apr 21
4
FUELCELL ENERGY / Jennifer D Arasimowicz ownership change
2 Mar 21
SC 13G/A
FUELCELL ENERGY / Rosen Lawrence I ownership change
22 Feb 21
SC 13G/A
FUELCELL ENERGY / CVI Investments ownership change
16 Feb 21
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.
Transcripts
2020 Q3
Earnings call transcript
10 Sep 20
2020 Q2
Earnings call transcript
12 Jun 20
2020 Q1
Earnings call transcript
16 Mar 20
2019 Q4
Earnings call transcript
22 Jan 20
2019 Q1
Earnings call transcript
7 Mar 19
2018 Q4
Earnings call transcript
10 Jan 19
2018 Q3
Earnings call transcript
6 Sep 18
2018 Q2
Earnings call transcript
7 Jun 18
2018 Q1
Earnings call transcript
8 Mar 18
2017 Q4
Earnings call transcript
11 Jan 18
Reddit threads
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