FuelCell Energy (FCEL) Competitors

$20.22 +2.86 (+16.47%)

Closing price 05/20/2026 04:00 PM Eastern

Extended Trading

$20.72 +0.50 (+2.49%)

As of 05/20/2026 07:59 PM Eastern

FCEL vs. BLDP, PLUG, BE, FELE, and BDC

Should you buy FuelCell Energy stock or one of its competitors? MarketBeat compares FuelCell Energy with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with FuelCell Energy include Ballard Power Systems (BLDP), Plug Power (PLUG), Bloom Energy (BE), Franklin Electric (FELE), and Belden (BDC).

How does FuelCell Energy compare to Ballard Power Systems?

FuelCell Energy (NASDAQ:FCEL) and Ballard Power Systems (NASDAQ:BLDP) are related small-cap companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, media sentiment, profitability, valuation, earnings, risk and dividends.

FuelCell Energy currently has a consensus price target of $8.24, suggesting a potential downside of 59.24%. Ballard Power Systems has a consensus price target of $3.59, suggesting a potential downside of 24.63%. Given Ballard Power Systems' stronger consensus rating and higher possible upside, analysts clearly believe Ballard Power Systems is more favorable than FuelCell Energy.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FuelCell Energy	2 Sell rating(s)	7 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.78
Ballard Power Systems	3 Sell rating(s)	11 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	1.87

42.8% of FuelCell Energy shares are held by institutional investors. Comparatively, 28.0% of Ballard Power Systems shares are held by institutional investors. 5.5% of FuelCell Energy shares are held by insiders. Comparatively, 0.2% of Ballard Power Systems shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Ballard Power Systems has a net margin of -78.60% compared to FuelCell Energy's net margin of -107.51%. Ballard Power Systems' return on equity of -13.48% beat FuelCell Energy's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
FuelCell Energy	-107.51%	-17.76%	-12.54%
Ballard Power Systems	-78.60%	-13.48%	-11.64%

FuelCell Energy has a beta of 2.22, meaning that its share price is 122% more volatile than the broader market. Comparatively, Ballard Power Systems has a beta of 1.94, meaning that its share price is 94% more volatile than the broader market.

In the previous week, FuelCell Energy had 3 more articles in the media than Ballard Power Systems. MarketBeat recorded 11 mentions for FuelCell Energy and 8 mentions for Ballard Power Systems. FuelCell Energy's average media sentiment score of 0.73 beat Ballard Power Systems' score of 0.37 indicating that FuelCell Energy is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
FuelCell Energy	6 Very Positive mention(s)	3 Positive mention(s)	0 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive
Ballard Power Systems	2 Very Positive mention(s)	1 Positive mention(s)	1 Neutral mention(s)	2 Negative mention(s)	1 Very Negative mention(s)	Neutral

Ballard Power Systems has lower revenue, but higher earnings than FuelCell Energy. Ballard Power Systems is trading at a lower price-to-earnings ratio than FuelCell Energy, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FuelCell Energy	$169.70M	6.31	-$187.90M	-$6.91	N/A
Ballard Power Systems	$99.40M	14.44	-$90.91M	-$0.27	N/A

Summary

Ballard Power Systems beats FuelCell Energy on 9 of the 16 factors compared between the two stocks.

How does FuelCell Energy compare to Plug Power?

Plug Power (NASDAQ:PLUG) and FuelCell Energy (NASDAQ:FCEL) are related companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, earnings, risk, dividends, analyst recommendations, media sentiment, institutional ownership and valuation.

Plug Power presently has a consensus target price of $3.42, indicating a potential upside of 3.17%. FuelCell Energy has a consensus target price of $8.24, indicating a potential downside of 59.24%. Given Plug Power's stronger consensus rating and higher probable upside, equities research analysts clearly believe Plug Power is more favorable than FuelCell Energy.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Plug Power	4 Sell rating(s)	7 Hold rating(s)	2 Buy rating(s)	2 Strong Buy rating(s)	2.13
FuelCell Energy	2 Sell rating(s)	7 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.78

43.5% of Plug Power shares are held by institutional investors. Comparatively, 42.8% of FuelCell Energy shares are held by institutional investors. 0.6% of Plug Power shares are held by insiders. Comparatively, 5.5% of FuelCell Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

In the previous week, Plug Power had 25 more articles in the media than FuelCell Energy. MarketBeat recorded 36 mentions for Plug Power and 11 mentions for FuelCell Energy. FuelCell Energy's average media sentiment score of 0.73 beat Plug Power's score of 0.66 indicating that FuelCell Energy is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Plug Power	13 Very Positive mention(s)	2 Positive mention(s)	11 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive
FuelCell Energy	6 Very Positive mention(s)	3 Positive mention(s)	0 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

FuelCell Energy has a net margin of -107.51% compared to Plug Power's net margin of -227.13%. FuelCell Energy's return on equity of -17.76% beat Plug Power's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Plug Power	-227.13%	-49.30%	-21.75%
FuelCell Energy	-107.51%	-17.76%	-12.54%

FuelCell Energy has lower revenue, but higher earnings than Plug Power. FuelCell Energy is trading at a lower price-to-earnings ratio than Plug Power, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Plug Power	$709.92M	6.50	-$1.63B	-$1.32	N/A
FuelCell Energy	$169.70M	6.31	-$187.90M	-$6.91	N/A

Plug Power has a beta of 2.06, suggesting that its share price is 106% more volatile than the broader market. Comparatively, FuelCell Energy has a beta of 2.22, suggesting that its share price is 122% more volatile than the broader market.

Summary

Plug Power beats FuelCell Energy on 10 of the 17 factors compared between the two stocks.

How does FuelCell Energy compare to Bloom Energy?

Bloom Energy (NYSE:BE) and FuelCell Energy (NASDAQ:FCEL) are both energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, dividends, institutional ownership, earnings, profitability, valuation and media sentiment.

In the previous week, Bloom Energy had 61 more articles in the media than FuelCell Energy. MarketBeat recorded 72 mentions for Bloom Energy and 11 mentions for FuelCell Energy. Bloom Energy's average media sentiment score of 1.12 beat FuelCell Energy's score of 0.73 indicating that Bloom Energy is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Bloom Energy	54 Very Positive mention(s)	8 Positive mention(s)	1 Neutral mention(s)	4 Negative mention(s)	0 Very Negative mention(s)	Positive
FuelCell Energy	6 Very Positive mention(s)	3 Positive mention(s)	0 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

Bloom Energy presently has a consensus target price of $217.48, suggesting a potential downside of 22.97%. FuelCell Energy has a consensus target price of $8.24, suggesting a potential downside of 59.24%. Given Bloom Energy's stronger consensus rating and higher possible upside, equities research analysts clearly believe Bloom Energy is more favorable than FuelCell Energy.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bloom Energy	1 Sell rating(s)	11 Hold rating(s)	9 Buy rating(s)	2 Strong Buy rating(s)	2.52
FuelCell Energy	2 Sell rating(s)	7 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.78

Bloom Energy has a net margin of 0.25% compared to FuelCell Energy's net margin of -107.51%. Bloom Energy's return on equity of 21.05% beat FuelCell Energy's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Bloom Energy	0.25%	21.05%	4.49%
FuelCell Energy	-107.51%	-17.76%	-12.54%

Bloom Energy has a beta of 3.82, suggesting that its stock price is 282% more volatile than the broader market. Comparatively, FuelCell Energy has a beta of 2.22, suggesting that its stock price is 122% more volatile than the broader market.

Bloom Energy has higher revenue and earnings than FuelCell Energy. Bloom Energy is trading at a lower price-to-earnings ratio than FuelCell Energy, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bloom Energy	$2.02B	39.68	-$88.43M	-$0.05	N/A
FuelCell Energy	$169.70M	6.31	-$187.90M	-$6.91	N/A

77.0% of Bloom Energy shares are held by institutional investors. Comparatively, 42.8% of FuelCell Energy shares are held by institutional investors. 3.0% of Bloom Energy shares are held by company insiders. Comparatively, 5.5% of FuelCell Energy shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Bloom Energy beats FuelCell Energy on 15 of the 17 factors compared between the two stocks.

How does FuelCell Energy compare to Franklin Electric?

Franklin Electric (NASDAQ:FELE) and FuelCell Energy (NASDAQ:FCEL) are both electrical components & equipment companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, risk, earnings, institutional ownership, analyst recommendations and valuation.

Franklin Electric has a net margin of 6.91% compared to FuelCell Energy's net margin of -107.51%. Franklin Electric's return on equity of 14.86% beat FuelCell Energy's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Franklin Electric	6.91%	14.86%	9.81%
FuelCell Energy	-107.51%	-17.76%	-12.54%

Franklin Electric has a beta of 1.07, indicating that its stock price is 7% more volatile than the broader market. Comparatively, FuelCell Energy has a beta of 2.22, indicating that its stock price is 122% more volatile than the broader market.

80.0% of Franklin Electric shares are owned by institutional investors. Comparatively, 42.8% of FuelCell Energy shares are owned by institutional investors. 2.9% of Franklin Electric shares are owned by insiders. Comparatively, 5.5% of FuelCell Energy shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

In the previous week, FuelCell Energy had 9 more articles in the media than Franklin Electric. MarketBeat recorded 11 mentions for FuelCell Energy and 2 mentions for Franklin Electric. Franklin Electric's average media sentiment score of 0.88 beat FuelCell Energy's score of 0.73 indicating that Franklin Electric is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Franklin Electric	1 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
FuelCell Energy	6 Very Positive mention(s)	3 Positive mention(s)	0 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

Franklin Electric has higher revenue and earnings than FuelCell Energy. FuelCell Energy is trading at a lower price-to-earnings ratio than Franklin Electric, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Franklin Electric	$2.13B	2.01	$147.09M	$3.32	29.25
FuelCell Energy	$169.70M	6.31	-$187.90M	-$6.91	N/A

Franklin Electric currently has a consensus target price of $106.00, indicating a potential upside of 9.17%. FuelCell Energy has a consensus target price of $8.24, indicating a potential downside of 59.24%. Given Franklin Electric's stronger consensus rating and higher probable upside, equities research analysts clearly believe Franklin Electric is more favorable than FuelCell Energy.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Franklin Electric	0 Sell rating(s)	3 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
FuelCell Energy	2 Sell rating(s)	7 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.78

Summary

Franklin Electric beats FuelCell Energy on 11 of the 15 factors compared between the two stocks.

How does FuelCell Energy compare to Belden?

Belden (NYSE:BDC) and FuelCell Energy (NASDAQ:FCEL) are both electrical components & equipment companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk, media sentiment and dividends.

Belden has a net margin of 8.49% compared to FuelCell Energy's net margin of -107.51%. Belden's return on equity of 24.47% beat FuelCell Energy's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Belden	8.49%	24.47%	8.88%
FuelCell Energy	-107.51%	-17.76%	-12.54%

Belden currently has a consensus price target of $162.50, indicating a potential upside of 54.07%. FuelCell Energy has a consensus price target of $8.24, indicating a potential downside of 59.24%. Given Belden's stronger consensus rating and higher probable upside, research analysts plainly believe Belden is more favorable than FuelCell Energy.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Belden	0 Sell rating(s)	1 Hold rating(s)	3 Buy rating(s)	0 Strong Buy rating(s)	2.75
FuelCell Energy	2 Sell rating(s)	7 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	1.78

In the previous week, Belden and Belden both had 11 articles in the media. Belden's average media sentiment score of 0.93 beat FuelCell Energy's score of 0.73 indicating that Belden is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Belden	5 Very Positive mention(s)	3 Positive mention(s)	2 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Positive
FuelCell Energy	6 Very Positive mention(s)	3 Positive mention(s)	0 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

Belden has higher revenue and earnings than FuelCell Energy. FuelCell Energy is trading at a lower price-to-earnings ratio than Belden, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Belden	$2.79B	1.47	$237.52M	$5.94	17.76
FuelCell Energy	$169.70M	6.31	-$187.90M	-$6.91	N/A

98.8% of Belden shares are held by institutional investors. Comparatively, 42.8% of FuelCell Energy shares are held by institutional investors. 1.1% of Belden shares are held by insiders. Comparatively, 5.5% of FuelCell Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Belden has a beta of 1.18, suggesting that its stock price is 18% more volatile than the broader market. Comparatively, FuelCell Energy has a beta of 2.22, suggesting that its stock price is 122% more volatile than the broader market.

Summary

Belden beats FuelCell Energy on 12 of the 15 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FCEL and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

FCEL vs. The Competition

Export

Metric	FuelCell Energy	Other Alt Energy Industry	Energy Sector	NASDAQ Exchange
Market Cap	$919.70M	$14.28B	$10.77B	$12.12B
Dividend Yield	N/A	3.68%	10.19%	5.36%
P/E Ratio	-2.93	52.56	21.42	25.32
Price / Sales	6.31	63.94	1,054.67	72.02
Price / Cash	N/A	32.42	38.00	55.00
Price / Book	1.39	11.91	4.59	6.94
Net Income	-$187.90M	$276.59M	$4.25B	$335.25M
7 Day Performance	-6.39%	-0.46%	0.56%	-1.38%
1 Month Performance	113.07%	5.21%	4.51%	0.09%
1 Year Performance	379.15%	62.11%	56.06%	32.51%

FuelCell Energy Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
FCEL FuelCell Energy	1.2503 of 5 stars	$20.22 +16.5%	$8.24 -59.2%	+341.5%	$919.70M	$169.70M	N/A	510
BLDP Ballard Power Systems	1.1745 of 5 stars	$4.33 -2.7%	$3.51 -19.0%	+242.4%	$1.34B	$99.40M	N/A	1,370	Analyst Forecast
PLUG Plug Power	1.7763 of 5 stars	$3.45 -8.7%	$3.37 -2.5%	+301.2%	$5.27B	$709.92M	N/A	2,582	Trending News Analyst Forecast Gap Up
BE Bloom Energy	2.7383 of 5 stars	$258.93 -6.2%	$217.48 -16.0%	+1,375.1%	$78.49B	$2.02B	N/A	2,214	Trending News Insider Trade Gap Up
FELE Franklin Electric	3.3943 of 5 stars	$97.39 +1.4%	$106.00 +8.8%	+9.4%	$4.24B	$2.13B	29.33	6,500

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This page (NASDAQ:FCEL) was last updated on 5/21/2026 by MarketBeat.com Staff.

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FuelCell Energy (FCEL) Competitors

FCEL vs. BLDP, PLUG, BE, FELE, and BDC

How does FuelCell Energy compare to Ballard Power Systems?

Summary

How does FuelCell Energy compare to Plug Power?

Summary

How does FuelCell Energy compare to Bloom Energy?

Summary

How does FuelCell Energy compare to Franklin Electric?

Summary

How does FuelCell Energy compare to Belden?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

FCEL vs. The Competition

FuelCell Energy Competitors List

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Stock Ideas and Recommendations

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FuelCell Energy (FCEL) Competitors

FCEL vs. BLDP, PLUG, BE, FELE, and BDC

How does FuelCell Energy compare to Ballard Power Systems?

Do analysts rate FCEL or BLDP?

Do insiders & institutionals hold more shares of FCEL or BLDP?

Is FCEL or BLDP more profitable?

Which has more risk and volatility, FCEL or BLDP?

Does the media prefer FCEL or BLDP?

Which has preferable earnings & valuation, FCEL or BLDP?

Summary

How does FuelCell Energy compare to Plug Power?

Do analysts prefer PLUG or FCEL?

Do institutionals and insiders believe in PLUG or FCEL?

Does the media prefer PLUG or FCEL?

Is PLUG or FCEL more profitable?

Which has better earnings and valuation, PLUG or FCEL?

Which has more risk & volatility, PLUG or FCEL?

Summary

How does FuelCell Energy compare to Bloom Energy?

Does the media prefer BE or FCEL?

Do analysts rate BE or FCEL?

Is BE or FCEL more profitable?

Which has more risk & volatility, BE or FCEL?

Which has preferable earnings & valuation, BE or FCEL?

Do insiders and institutionals hold more shares of BE or FCEL?

Summary

How does FuelCell Energy compare to Franklin Electric?

Is FELE or FCEL more profitable?

Which has more volatility and risk, FELE or FCEL?

Do institutionals and insiders have more ownership in FELE or FCEL?

Does the media refer more to FELE or FCEL?

Which has stronger valuation & earnings, FELE or FCEL?

Do analysts recommend FELE or FCEL?

Summary

How does FuelCell Energy compare to Belden?

Is BDC or FCEL more profitable?

Do analysts prefer BDC or FCEL?

Does the media favor BDC or FCEL?

Which has better valuation & earnings, BDC or FCEL?

Do institutionals and insiders have more ownership in BDC or FCEL?

Which has more risk & volatility, BDC or FCEL?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

FCEL vs. The Competition

FuelCell Energy Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools