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1 insider bought €213k of shares over the last 90 days, the latest by Livingston III Homer John, filed 15 Sept 2026.
Fuelcell Energy Inc: what insiders have been doing
This page follows insider dealings at Fuelcell Energy Inc as filed with SEC (Form 4), a company from the Energy sector based in Danbury, United States. The group dates from 1969. In the past year (18 October 2025 to 18 October 2026), 20 filings came from 8 insiders.
On the market, 1 insider bought (2 purchases totalling €645k) while 2 insiders sold (2 sales totalling €80k). Purchases outweigh sales by €565k. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The buyers include 1 senior executive. The largest single trade was a purchase of €432k by Livingston III Homer John, published on 20 July 2026, equal to 0.037% of the market capitalisation.
The last insider purchase was made public on 15 September 2026, 33 days ago. The median gap between a trade and its publication by SEC (Form 4) is 4 days. For comparison, the SEC allows two business days to file a Form 4.
With 20 filings in twelve months, the company is more active than the median of 19 filings across the 5,811 companies we follow on the same exchange. Over the whole record (from 2021), the tally stands at 2 purchases and 3 sales. For the fiscal year to 31 October 2025, the annual 10-K puts revenue at 158.2 m USD and net income at -187.9 m USD.
In the same sector, recent insider purchases at RGC Resources Inc and Empire Petroleum Corp also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
103
Thresholds
n/a
Buy Volume
€644,560
2 ops. · all time
Sell Volume
€128,941
3 ops. · all time
Who traded when
BuySaleAchanta Shankar3 sales
III Homer John Livingston2 buys
Betsy B. Bingham1 sale
Since the insiders bought
- -34.9%Entry US$21.64 · Close 15 Oct 2026 US$14.09
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Fuelcell Energy Inc Buy (bullish), based on 10 analysts. Average price target: US$21.10.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 23,731 of 24,166 companies
9.4
score / 100
Value12
Quality7
FCF yld-14%
Earn yld-18%
EV/EBITDA·
ROE-21%
Gross mgn-17%
Net mgn·
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended October 2025 · cache
US$14.09
Analyst consensus
10 analystsBuy
US$8.00Target US$21.10(+50%)US$32.00
Income statement
RevenueUS$158.2M
Gross profit-US$26.4M-17% margin
EBITDA-US$140.5M-89% margin
Net income-US$187.9M-113.6% margin
Valuation
PER (forward)-13.8x
P/Book1.2x
Beta2.46
Balance sheet & cash
Market capUS$1.1B
Total debtUS$144M
Free Cash Flow-US$147.8M
Debt / Equity16%
Profitability & ownership
ROE-21.4%
ROA-7.9%
% insiders4.8%
% institutions57.7%
Last declaration on 6 October 2026
Declarations103 total
2,500 shares@ US$18.500.0031% mcap32.5% of flowCommonSEC144:0001959173-26-007285
16,404.199 shares@ US$15.05440.019% mcap33.1% of flowCommon StockSEC:0000897069-26-001780:0
Canonical exit: 13 Dec 2026 (T+90)
26,343 shares@ US$18.78930.037% mcap66.9% of flowCommon StockSEC:0000897069-26-001523:0
Canonical exit: 14 Oct 2026 (T+90)
2,500 shares@ US$28.710.0054% mcap73.4% of flowCommonSEC144:0001959173-26-005105
492 shares@ US$13.700.0004% mcap6.7% of flowCommon StockSEC:0000897069-26-001110:1
2,020 shares0Common StockSEC:0000897069-26-001110:0
23,859 shares0Common StockSEC:0000897069-26-000938:0
23,859 shares0Common StockSEC:0000897069-26-000936:0
2,500 shares@ US$8.000.0012% mcap19.9% of flowCommon StockSEC:0000897069-26-000922:0
6,250 shares0Common StockSEC:0000897069-26-000009:0
11,363 shares0Common StockSEC:0000897069-26-000007:0
6,250 shares0Common StockSEC:0000897069-26-000005:0
8,608 shares@ US$8.523656.9% of flowCommon StockSEC:0000897069-25-001834:0
4,591 shares0Common StockSEC:0000897069-25-001805:0
2,525 shares0Common StockSEC:0000897069-25-001803:0
813 shares0Common StockSEC:0000897069-25-001784:0
1,057 shares0Common StockSEC:0000897069-25-001782:0
2,020 shares0Common StockSEC:0000897069-25-000967:0
3,362 shares0Common StockSEC:0000897069-25-000853:0
1,293 shares@ US$9.7911.2% of flowCommon StockSEC:0000897069-25-000109:0
217 shares0Common StockSEC:0000897069-24-002290:0
25 of 103 declarations
About Fuelcell Energy Inc
FuelCell Energy Inc. is a U.S.-based clean-energy company listed on the Nasdaq Global Market in the United States. Founded in 1969 and headquartered in Danbury, Connecticut, the company has built its identity around carbonate fuel cell technology and, more recently, a broader energy platform that combines distributed power generation, combined heat and power, hydrogen production, and carbon capture. Its operational footprint is anchored in Connecticut, where it maintains corporate, R&D, manufacturing, and service activities in Danbury and Torrington, alongside an international presence that includes Germany and deployed projects across multiple regions.
FuelCell Energy’s business model is more than a simple equipment-sale story. The company markets an integrated platform designed to deliver clean electricity where it is consumed, support microgrids and backup-resilient power, provide useful thermal energy, and, in certain configurations, capture carbon emissions or generate hydrogen. Its current commercial offering is centered on carbonate-based systems, while solid-oxide technology remains a development focus for higher-efficiency electrolysis and future hydrogen applications. This positions the company at the intersection of decentralized power, industrial decarbonization, and the emerging hydrogen economy.
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From a competitive standpoint, FuelCell Energy occupies a specialized niche rather than competing head-on with large-scale conventional power producers. Its appeal lies in high-efficiency, on-site energy solutions for utilities, industrial customers, campuses, and communities that need reliable low-emission baseload power. The company emphasizes multi-value-stream platforms that can simultaneously provide electricity, hydrogen, water, and carbon recovery, which differentiates it from more narrowly focused clean-energy vendors. It also has a long operating history and a meaningful patent portfolio supporting its technology base.
Geographically, FuelCell Energy serves customers worldwide, but its manufacturing and engineering base remains concentrated in the United States, especially Connecticut. The company has highlighted that its carbonate fuel cell manufacturing relies heavily on U.S.-based suppliers, underscoring the domestic character of its supply chain. Recent corporate disclosures also indicate continued project deployment, service activity, and portfolio optimization, alongside workforce and cost actions intended to align operations with demand conditions.
Recent developments have included ongoing commercial execution, continued emphasis on hydrogen and carbon-capture capabilities, and restructuring measures to improve cost discipline. The company’s SEC reporting also confirms that FCEL trades on the Nasdaq Global Market in the United States, not NYSE. For investors, FuelCell Energy remains a high-beta transition-energy name with long-duration technology optionality, but one that is still highly sensitive to capital markets access, project execution, and the pace of hydrogen and carbon-management adoption.
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