Is FUELCELL ENERGY INC (FCEL) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 35.8% / 30% | 69.1% / 30% | 13.2% / 30% | 5.26% / 5% | ✗ NOT HALAL |
| DJIM | 35.8% / 33% | 69.1% / 33% | 13.2% / 33% | 5.26% / 5% | ✗ NOT HALAL |
| MSCI | 15.4% / 33% | 29.8% / 33% | 5.7% / 33% | 5.26% / 5% | ✗ NOT HALAL |
| S&P | 35.8% / 33% | 69.1% / 33% | 13.2% / 33% | 5.26% / 5% | ✗ NOT HALAL |
| FTSE | 15.4% / 33% | 29.8% / 33% | 5.7% / 50% | 5.26% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -15.9% | |
| Operating Margin | -86.1% | |
| Net Margin | -107.5% | |
| Return on Equity (ROE) | -25.2% | |
| Return on Assets (ROA) | -7.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$125M |
| Free Cash Flow | -$148M |
| Total Debt | $144M |
| Debt-to-Equity | 19.6 |
| Current Ratio | 8.0 |
| Total Assets | $932M |
Price & Trading
| Last Close | $6.88 |
| 50-Day MA | $7.75 |
| 200-Day MA | $7.04 |
| Avg Volume | 1.9M |
| Beta | 1.4 |
|
52-Week Range
$3.58
| |
About FUELCELL ENERGY INC (FCEL)
FuelCell Energy, Inc., together with its subsidiaries, engages in the design, development, production, construction, operation, and servicing of high temperature fuel cells for clean electric power generation. The company engages in the provision of carbonate fuel cell technology; and commercialization of solid oxide electrolysis technology for distributed hydrogen. It also offers carbonate fuel cell products in various configurations and applications of its platform, including on-site power, grid support, and microgrid; carbon capture, recovery, and utilization technologies; and carbonate-based Tri-gen system that produces zero-carbon hydrogen. In addition, the company sells electricity, heat, steam, capacity, and renewable energy credits. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services for fuel cell projects. It serves utilities and independent power producers, data centers, wastewater treatment, commercial and hospitality, and microgrids; and industrial, commercial, municipal, and government customers, including manufacturing facilities, pharmaceutical processing facilities, universities, and healthcare facilities. The company primarily operates in the United States, South Korea, Europe, and Canada. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
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Frequently Asked Questions
Is FUELCELL ENERGY INC (FCEL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FUELCELL ENERGY INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FUELCELL ENERGY INC's debt ratio?
FUELCELL ENERGY INC's debt ratio is 35.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 15.4%.
What are FUELCELL ENERGY INC's key financial metrics?
FUELCELL ENERGY INC has a market capitalization of $346M, and revenue of $158M. The company maintains a gross margin of -15.9% and a net margin of -107.5%. Return on equity stands at -25.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.