FUELCELL ENERGY INC (FCEL) Financial Ratio Screen

NASDAQ Industrials United States USD 346M
RATIOS FAIL*
Automated financial screen · activity assessed separately
FUELCELL ENERGY INC (FCEL) is potentially non-compliant in the automated ratio model. The available impermissible-income proxy of 5.26% exceeds the 5% methodology threshold. FUELCELL ENERGY INC operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

FCEL financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
15.4%
Pass vs 30%
Cash ratio
29.8%
Pass vs 30%
Receivables + cash
35.5%
Fail vs 30%
Impermissible income
5.3%
Fail vs 5%

Calculation date: 2026-09-01. Financial period used: October 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodOctober 2025Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Electrical Equipment & Parts) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from October 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 15.4%
/ 30%
29.8%
/ 30%
35.5%
/ 30%
5.26%
/ 5%
RATIOS FAIL*
FTSE 15.4%
/ 33%
29.8%
/ 33%
35.5%
/ 50%
5.26%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-6.49
P/B Ratio
0.5
EV/EBITDA
-3.4
EV: $253M
Revenue
$158M
Growth: 60.7%
Beta
1.4
High volatility
Current Ratio
8.0

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-Equity19.6
Current Ratio8.0
Total Assets$932M

Price & Trading

Last Close$6.88
50-Day MA$7.75
200-Day MA$7.04
Avg Volume1.9M
Beta1.4
52-Week Range
$3.58
$11.99

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period October 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About FUELCELL ENERGY INC (FCEL)

CEO
Mr. Jason B. Few
Employees
424
Sector
Industrials
Industry
Electrical Equipment & Parts
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 346M
Currency
USD

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?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is FUELCELL ENERGY INC's debt ratio?

FUELCELL ENERGY INC's debt ratio is 15.4% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are FUELCELL ENERGY INC's key financial metrics?

FUELCELL ENERGY INC has a market capitalization of USD 346M in its listing currency, 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?

Calculation date: 2026-09-01. Financial period: October 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.