All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
4 warning events since 2017; the latest 2024-06-06.
From the record
FuelCell Energy, Inc.'s filings since 2017 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-06-06); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-06-11) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+6.5% a year over 9 filed years; profitable in 0 of 9.
From the record
FuelCell Energy, Inc.'s 9 filed years say what it did: revenue went from $96 million in fiscal 2017 to $158 million in fiscal 2025, up 6.5% a year; it rose in 3 of 8 years; the deepest fall was 36% from fiscal 2017 to fiscal 2019; net income was positive in 0 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 2.1/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: FuelCell Energy, Inc.'s shareholder treatment is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 21% of 8 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -28%: lost 28¢ per shareholder dollar. Leverage 28%: owes 28¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-10-31, FuelCell Energy, Inc. lost about 28 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 3 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 56.0% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 26% of 7 in its family; net margin -118.8%.
From the record
FuelCell Energy, Inc.'s standing among 7 graded names in its industry family: revenue of $158 million in fiscal 2025 ranks in the bottom 21% by size; a net margin of -118.8% ranks in the bottom 21%; revenue growth of 6.6% a year over the last 3 filed years ranks in the bottom 36% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 46% of 5 in its family for leadership; chief executive since 2020.
From the record
FuelCell Energy, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Few, Jason (CEO, as filed), filing under that title since 2020-02-21, 6.7 years (top 37% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (top 30%); 15 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 47% of 7 in its family for room to expand.
From the record
FuelCell Energy, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $278 million against debt of $104 million leaves 18.7% of its assets as net cash, top 31% of its family; cash from operations less capital spending is -91% of revenue (bottom 21%); a gross margin of -16.7% (bottom 21%); research spending of 21.5% of revenue (top 25%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 42% of 7 in its family for growth drivers.
From the record
FuelCell Energy, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.6% a year over the last three filed years against 6.5% over all 9, speeding up (top 42% of its family); the newest year grew 41.1% (top 25%); research spending grew -0.4% a year (bottom 36%); capital spending grew -4.1% a year (top 36%) (its annual reports). FuelCell Energy, Inc. reported 4 product lines in fiscal 2025: Product at $69 million (44%), Electricity Generation at $48 million (30%), Advanced Technologies at $21 million (13%), and 1 more; 2 of 4 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 47% of 6 in its family for expectations against reality.
From the record
FuelCell Energy, Inc.'s newest year against its own record: revenue of $158 million in fiscal 2025 came in 52.1% above the $104 million its prior three years' pace pointed to (top 25% of its family); net income of $188 million against a prior three-year average of $125 million (bottom 25%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 42%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made