FCEL
FuelCell Energy Inc. Industrials - Fuel Cells Investor Relations →
FuelCell Energy Inc. (FCEL) closed at $7.19 as of 2026-02-02, trading 84.2% below its 200-week moving average of $45.37. This places FCEL in the extreme value zone. The stock is currently moving closer to the line, down from -82.2% last week. The 14-week RSI sits at 43, indicating neutral momentum.
Over the past 1706 weeks of data, FCEL has crossed below its 200-week moving average 29 times. On average, these episodes lasted 44 weeks. Historically, investors who bought FCEL at the start of these episodes saw an average one-year return of +10.6%.
With a market cap of $343 million, FCEL is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -26.2%. The stock trades at 0.5x book value.
Share count has increased 240.8% over three years, indicating dilution.
Over the past 32.8 years, a hypothetical investment of $100 in FCEL would have grown to $0, compared to $2755 for the S&P 500. FCEL has returned -18.9% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: FCEL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FCEL Crosses Below the Line?
Across 29 historical episodes, buying FCEL when it crossed below its 200-week moving average produced an average return of +13.4% after 12 months (median -19.0%), compared to +9.6% for the S&P 500 over the same periods. 34% of those episodes were profitable after one year. After 24 months, the average return was +145.8% vs +31.2% for the index.
Each line shows $100 invested at the moment FCEL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FCEL has crossed below its 200-week MA 29 times with an average 1-year return of +10.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1993 | Aug 1993 | 13 | 14.2% | +12.5% | -99.9% |
| Dec 1993 | Jan 1994 | 4 | 13.6% | -7.6% | -99.9% |
| Feb 1994 | Mar 1994 | 3 | 8.4% | +7.5% | -99.9% |
| May 1994 | May 1994 | 3 | 4.1% | -8.1% | -99.9% |
| Jun 1994 | Aug 1994 | 8 | 4.1% | -18.6% | -99.9% |
| Aug 1994 | Aug 1994 | 1 | 6.3% | -7.3% | -99.9% |
| Oct 1994 | Aug 1995 | 47 | 25.0% | -7.0% | -99.9% |
| Sep 1995 | Oct 1995 | 4 | 7.9% | +34.6% | -99.9% |
| Nov 1995 | Nov 1995 | 1 | 0.7% | +14.3% | -99.9% |
| Mar 1996 | Mar 1996 | 1 | 3.7% | +17.1% | -99.9% |
| Nov 1996 | Dec 1996 | 3 | 7.9% | +40.0% | -99.9% |
| Dec 1996 | Dec 1996 | 1 | 6.3% | +46.4% | -99.9% |
| Mar 1997 | Sep 1997 | 24 | 23.7% | +142.4% | -99.9% |
| Aug 1998 | Oct 1998 | 8 | 22.9% | +123.9% | -99.9% |
| Nov 1998 | Nov 1998 | 2 | 0.2% | +174.5% | -99.9% |
| Jan 1999 | Jun 1999 | 24 | 36.3% | +275.9% | -99.9% |
| Sep 2001 | Sep 2001 | 1 | 0.2% | -44.4% | -100.0% |
| May 2002 | Apr 2004 | 101 | 67.6% | -51.0% | -100.0% |
| Apr 2004 | Aug 2005 | 70 | 49.8% | -51.7% | -100.0% |
| Sep 2005 | Jan 2006 | 19 | 20.5% | -18.2% | -100.0% |
| Feb 2006 | Feb 2006 | 1 | 4.2% | -24.9% | -100.0% |
| Jun 2006 | Dec 2007 | 78 | 40.7% | -25.5% | -100.0% |
| Jan 2008 | May 2008 | 19 | 33.8% | -52.3% | -100.0% |
| Jun 2008 | Dec 2013 | 286 | 80.3% | -42.7% | -100.0% |
| Jan 2015 | Dec 2020 | 311 | 99.5% | -64.1% | -99.9% |
| Apr 2021 | May 2021 | 4 | 20.0% | -58.0% | -97.5% |
| Jun 2021 | Nov 2021 | 20 | 34.6% | -60.7% | -97.3% |
| Nov 2021 | Mar 2022 | 14 | 48.3% | -49.8% | -96.7% |
| Mar 2022 | Ongoing | 203+ | 95.4% | Ongoing | -96.1% |
| Average | 44 | — | +10.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02