FCELNasdaqElectrical Industrial ApparatusFiscal year ends October 31Also trades as FCELB
FUELCELL ENERGY INC
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026
$12.89−0.11 (-0.85%)
Close on Oct 19, 2026
- Market cap
- $907.53M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
41M
Shares held, 13F filers
Institutional holders
222
107 new, 23 sold out
Net institutional buying
17M
In Q2 2026
Insider trades, 12 months
2 buys · 3 sales
Net bought $576.75K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Alex Meruelo | 6,001,029 | 7.50% | 13G (passive) | Oct 7, 2026 |
| BlackRock, Inc. | 4,165,779 | 6.20% | 13G (passive) | Jun 30, 2026 |
| Legal & General Investment Management Ltd | 2,893,183 | 6.10% | 13G (passive) | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FCEL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,311,575 | – | $155.26M | +3,275,840 | 0.00% |
| Legal & General Group Plc | 2,419,645 | – | $87.13M | −446,101 | 0.02% |
| Vanguard Capital Management LLC | 2,332,924 | – | $84.01M | +151,160 | 0.00% |
| State Street Corp | 2,143,908 | – | $77.20M | +1,910,356 | 0.00% |
| Two Sigma Investments, LP | 2,061,353 | – | $74.23M | +780,137 | 0.05% |
| Geode Capital Management, LLC | 1,408,580 | – | $50.74M | +826,884 | 0.00% |
| Encompass Capital Advisors LLC | 1,365,900 | – | $49.19M | New | 1.75% |
| UBS Group AG | 1,274,341 | – | $45.89M | +673,676 | 0.01% |
| Renaissance Technologies LLC | 1,272,500 | – | $45.82M | +385,900 | 0.06% |
| Anatole Investment Management Ltd | 1,165,501 | – | $41.97M | New | 7.12% |
| T. Rowe Price Investment Management, Inc. | 1,121,375 | – | $40.38K | New | 0.03% |
| Driehaus Capital Management LLC | 1,014,687 | – | $36.54M | New | 0.21% |
| Invesco Ltd. | 982,042 | – | $35.36M | −233,730 | 0.00% |
| Baird Financial Group, Inc. | 866,244 | – | $31.19M | New | 0.04% |
| Jane Street Group, LLC | 859,595 | – | $30.95M | New | 0.00% |
| Citadel Advisors LLC | 852,881 | – | $30.71M | +282,592 | 0.00% |
| Millennium Management LLC | 746,879 | – | $26.90M | −5,608 | 0.01% |
| Trexquant Investment LP | 739,400 | – | $26.63M | +220,069 | 0.16% |
| Group One Trading, L.P. | 696,353 | – | $25.08M | +645,535 | 0.04% |
| Hrt Financial LP | 645,582 | – | $23.25K | +602,672 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 222 | 41M | 107 / 51 | 38 / 23 | 23M | 6M |
| Q1 2026 | 142 | 25M | 30 / 44 | 33 / 21 | 10M | 4M |
| Q4 2025 | 136 | 21M | 40 / 42 | 18 / 21 | 13M | 3M |
| Q3 2025 | 117 | 11M | 34 / 26 | 25 / 15 | 7M | 1M |
| Q2 2025 | 100 | 5M | 27 / 15 | 31 / 26 | 1M | 4M |
| Q1 2025 | 100 | 8M | 18 / 30 | 25 / 22 | 1M | 1M |
| Q4 2024 | 106 | 8M | 105 / 1 | 0 / 2 | 8M | 0M |
| Q3 2024 | 3 | 0M | 3 / 0 | 0 / 0 | 0M | 0M |
| Q2 2024 | 0 | 0M | 0 / 0 | 0 / 1 | 0M | 0M |
| Q1 2024 | 1 | 0M | 1 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FCEL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,670,954 | – | $60.17M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,413,172 | – | $50.89M | 0.06% | Jun 30, 2026 |
| Strategas Macro Thematic Opportunities ETF | 779,401 | – | $28.07M | 3.20% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 608,141 | – | $21.90M | 0.02% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P Kensho New Economies Composite ETF | 601,660 | – | $21.67M | 0.76% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 593,780 | – | $12.83M | 0.04% | Jul 31, 2026 |
| Global X Hydrogen ETF | 556,391 | – | $12.05M | 7.18% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 507,911 | – | $18.29M | 0.13% | Jun 30, 2026 |
| Nuveen Quant Small Cap Equity Fund | 441,900 | – | $9.55M | 0.24% | Jul 31, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 401,786 | – | $14.47M | 0.14% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P Kensho Clean Power ETF | 390,542 | – | $14.06M | 5.63% | Jun 30, 2026 |
| Invesco Dorsey Wright Industrials Momentum ETF | 387,450 | – | $8.37M | 1.97% | Jul 31, 2026 |
| Defiance AI & Power Infrastructure ETF | 346,147 | – | $7.50M | 1.00% | May 31, 2026 |
| Invesco WilderHill Clean Energy ETF | 308,993 | – | $6.68M | 1.59% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 247,587 | – | $5.36M | 0.01% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Jason Few | CEO, Director | 80,815 | Jan 2, 2026 |
| Shankar Achanta | EVP, Chf. Product &Tech Ofc. | 2,618 | Jul 8, 2026 |
| Amanda Justine Schreiber | *EVP, GC, and Corp Secy | – | Jan 27, 2026 |
| Michael S. Bishop | EVP, TREASURER & CFO | 25,122 | Jan 2, 2026 |
| Joshua Dolger | General Counsel & Corp Sec | 11,743 | Jan 2, 2026 |
| Michael James Hill | EVP & Ch. Commercial Officer | – | May 16, 2025 |
| Michael Lisowski | EVP, Strategic Partnerships | 8,610 | Jan 2, 2025 |
| Mark Feasel | EVP & Ch. Commercial Officer | 7,349 | Jan 2, 2025 |
| III Homer John Livingston | Director | 42,747 | Sep 15, 2026 |
| James Herbert England | Director | 14,645 | Jul 16, 2026 |
| Cynthia L. Hansen | Director | 18,579 | Jul 16, 2026 |
| Althann Natica von | Director | 23,988 | Apr 22, 2026 |
| Betsy B. Bingham | Director | 23,859 | Apr 22, 2026 |
| Wilson Donna Sims | Director | 8,143 | Apr 10, 2026 |
| Matthew F. Hilzinger | Director | 14,367 | Apr 10, 2026 |
| Tyrone Michael Jordan | Director | – | Apr 10, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| III Homer John Livingston Director | Sep 14, 2026 | Buy | +16,404.2 | $15.05 | $246.88K | 42,747 |
| III Homer John Livingston Director | Jul 16, 2026 | Buy | +26,343 | $18.79 | $494.98K | 26,343 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | Jul 6, 2026 | Sale(10b5-1 plan) | −2,500 | $28.71 | $71.78K | 2,618 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | May 8, 2026 | Option exercise | +2,020 | – | – | 5,610 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | May 8, 2026 | Tax withholding | −492 | $13.70 | $6.74K | 5,118 |
| Betsy B. Bingham Director | Apr 21, 2026 | Option exercise | +23,859 | – | – | 23,859 |
| Althann Natica von Director | Apr 21, 2026 | Option exercise | +23,859 | – | – | 23,988 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | Apr 20, 2026 | Sale(10b5-1 plan) | −2,500 | $8.00 | $20.00K | 3,590 |
| Joshua Dolger General Counsel & Corp Sec | Dec 30, 2025 | Tax withholding | −1,959 | $7.94 | $15.55K | 11,743 |
| Joshua Dolger General Counsel & Corp Sec | Dec 30, 2025 | Option exercise | +6,250 | – | – | 13,702 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 30, 2025 | Option exercise | +11,363 | – | – | 25,122 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 30, 2025 | Tax withholding | −3,562 | $7.94 | $28.28K | 21,560 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | Dec 30, 2025 | Tax withholding | −1,688 | $7.94 | $13.40K | 6,090 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | Dec 30, 2025 | Option exercise | +6,250 | – | – | 7,778 |
| Jason Few CEO, Director | Dec 30, 2025 | Option exercise | +29,250 | – | – | 80,815 |
| Jason Few CEO, Director | Dec 30, 2025 | Tax withholding | −9,167 | $7.94 | $72.79K | 71,648 |
| Betsy B. Bingham Director | Dec 22, 2025 | Sale | −8,608 | $8.52 | $73.34K | 0 |
| Jason Few CEO, Director | Dec 11, 2025 | Option exercise | +11,818 | – | – | 55,269 |
| Jason Few CEO, Director | Dec 11, 2025 | Tax withholding | −3,704 | $8.75 | $32.41K | 51,565 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 11, 2025 | Tax withholding | −1,439 | $8.75 | $12.59K | 13,759 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 11, 2025 | Option exercise | +4,591 | – | – | 15,198 |
| Joshua Dolger General Counsel & Corp Sec | Dec 11, 2025 | Tax withholding | −792 | $8.75 | $6.93K | 7,452 |
| Joshua Dolger General Counsel & Corp Sec | Dec 11, 2025 | Option exercise | +2,525 | – | – | 8,244 |
| Joshua Dolger General Counsel & Corp Sec | Dec 5, 2025 | Option exercise | +813 | – | – | 5,358 |
| Joshua Dolger General Counsel & Corp Sec | Dec 5, 2025 | Option exercise | +898 | – | – | 6,001 |
| Joshua Dolger General Counsel & Corp Sec | Dec 5, 2025 | Tax withholding | −282 | $8.37 | $2.36K | 5,719 |
| Joshua Dolger General Counsel & Corp Sec | Dec 5, 2025 | Tax withholding | −255 | $8.37 | $2.13K | 5,103 |
| Jason Few CEO, Director | Dec 5, 2025 | Option exercise | +4,654 | – | – | 41,385 |
| Jason Few CEO, Director | Dec 5, 2025 | Option exercise | +5,135 | – | – | 45,061 |
| Jason Few CEO, Director | Dec 5, 2025 | Tax withholding | −1,610 | $8.37 | $13.48K | 43,451 |
| Jason Few CEO, Director | Dec 5, 2025 | Tax withholding | −1,459 | $8.37 | $12.21K | 39,926 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 5, 2025 | Tax withholding | −366 | $8.37 | $3.06K | 10,607 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 5, 2025 | Option exercise | +1,167 | – | – | 10,973 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 5, 2025 | Tax withholding | −332 | $8.37 | $2.78K | 9,806 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 5, 2025 | Option exercise | +1,057 | – | – | 10,138 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | May 8, 2025 | Option exercise | +2,020 | – | – | 2,020 |
| Shankar Achanta EVP, Chf. Product &Tech Ofc. | May 8, 2025 | Tax withholding | −492 | $4.19 | $2.06K | 1,528 |
| Betsy B. Bingham Director | Apr 15, 2025 | Option exercise | +3,362 | – | – | 8,608 |
| Betsy B. Bingham Director | Jan 15, 2025 | Award | +1,293 | $9.79 | $12.66K | 5,245 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 11, 2024 | Option exercise | +2,525 | – | – | 7,349 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 11, 2024 | Tax withholding | −1,322 | $12.56 | $16.60K | 6,027 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 11, 2024 | Option exercise | +4,591 | – | – | 11,209 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 11, 2024 | Tax withholding | −2,128 | $12.56 | $26.73K | 9,081 |
| Joshua Dolger General Counsel & Corp Sec | Dec 11, 2024 | Tax withholding | −918 | $12.56 | $11.53K | 4,240 |
| Joshua Dolger General Counsel & Corp Sec | Dec 11, 2024 | Option exercise | +2,525 | – | – | 5,158 |
| Jason Few CEO, Director | Dec 11, 2024 | Option exercise | +11,818 | – | – | 42,799 |
| Jason Few CEO, Director | Dec 11, 2024 | Tax withholding | −6,068 | $12.56 | $76.21K | 36,731 |
| Michael Lisowski EVP, Strategic Partnerships | Dec 11, 2024 | Option exercise | +2,525 | – | – | 8,610 |
| Michael Lisowski EVP, Strategic Partnerships | Dec 11, 2024 | Tax withholding | −792 | $12.56 | $9.95K | 7,818 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 10, 2024 | Option exercise | +217 | – | – | 4,938 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 10, 2024 | Tax withholding | −114 | $11.35 | $1.29K | 4,824 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 10, 2024 | Tax withholding | −180 | $11.35 | $2.04K | 4,721 |
| Mark Feasel EVP & Ch. Commercial Officer | Dec 10, 2024 | Option exercise | +343 | – | – | 4,901 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 10, 2024 | Tax withholding | −159 | $11.35 | $1.80K | 6,618 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 10, 2024 | Option exercise | +343 | – | – | 6,777 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 10, 2024 | Option exercise | +217 | – | – | 6,535 |
| Michael S. Bishop EVP, TREASURER & CFO | Dec 10, 2024 | Tax withholding | −101 | $11.35 | $1.15K | 6,434 |
| Joshua Dolger General Counsel & Corp Sec | Dec 10, 2024 | Tax withholding | −91 | $11.35 | $1.03K | 2,633 |
| Joshua Dolger General Counsel & Corp Sec | Dec 10, 2024 | Option exercise | +157 | – | – | 2,534 |
| Joshua Dolger General Counsel & Corp Sec | Dec 10, 2024 | Option exercise | +248 | – | – | 2,724 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Shankar Achanta Officer | Oct 6, 2026 | 2,500 | $46.25K | Oct 6, 2026 | Restricted Stock Vesting |
| Shankar Achanta Officer | Jul 6, 2026 | 2,500 | $71.78K | Jul 6, 2026 | Restricted Stock Vesting |
| Shankar Achanta Officer | Apr 20, 2026 | 2,500 | $20.00K | Apr 20, 2026 | Restricted Stock Vesting |
| Betsy B. Bingham Director | Dec 22, 2025 | 8,608 | $73.37K | Dec 22, 2025 | Restricted Stock Vesting |
| Mark Feasel Former Officer | Jun 6, 2025 | 19,084 | $124.65K | Jun 6, 2025 | Restricted Stock Vesting |
| Mark Feasel Officer | Jun 13, 2023 | 40,000 | $106.43K | Jun 13, 2023 | Restricted Stock Vesting |