FCELFuelCell Energy, Inc.
Is it safe?
Elevated bankruptcy risk: a balance sheet under strain, heavy debt (BB), and big price swings. Everything else is secondary until this clears.
Elevated financial-distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Mixed fundamental signals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net buyers (+$696K, 90 days to Oct 8, 2026). SEC Form 4 filings: officers and directors must report their own trades within two business days.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -100% · now 32% below its 52-week high.
Unless marked, from SEC EDGAR, as of Oct 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FCEL take a bad year?
FuelCell Energy, Inc. holds $505M more cash than debt, and is burning $25M a quarter, about 6.5 years of cover.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 0.29
Altman Z-score · distress zone, below 1.8
- Cash runway
- 5+ years
Cash runway · burning $25M a quarter at the current rate
Details›
- Total debtQ3 2026
- $154M
- Cash and short-term investments
- $658M
- Net cash
- $505M
- EBITDA, trailing twelve months
- −$139M
- Operating profit, trailing twelve months
- −$179M
- Debt / equity
- 0.16×
- Annualised volatilitytwo years of daily moves
- 118%
- Worst drawdown on file
- −100%
- Below its 52-week high
- 32%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Electrical Equipment & Parts
Ranks #11 of 19 by RyuScore