Welcome to our dedicated page for Fuelcell Energy SEC filings (Ticker: FCEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
FuelCell Energy, Inc. filings document the company’s clean energy technology business, public-company governance, and capital structure. The company’s common stock is registered on the Nasdaq Global Market under FCEL, and its reports include disclosure on operating results, financial condition, business updates, and investor presentation materials furnished with earnings-related Form 8-K filings.
FuelCell Energy’s regulatory record also includes proxy materials covering shareholder voting matters, board governance, executive compensation, and equity award disclosures. Other material-event filings address officer transitions and separation arrangements, at-the-market common stock sales, outstanding share updates, and related capital-structure matters.
FuelCell Energy executive vice president, treasurer and CFO Michael S. Bishop reported routine equity compensation activity. On December 11, 2025, 4,591 restricted stock units converted into the same number of shares of common stock at an exercise price of $0, and 1,439 shares were withheld at $8.75 per share to satisfy tax obligations, leaving him with 13,759 shares of common stock held directly.
These transactions relate to restricted stock units granted on December 11, 2023, which vest in three equal annual installments, subject to continued employment. Following this vesting event, Bishop also continued to hold 4,592 restricted stock units directly, each convertible into one share of common stock.
FuelCell Energy reported an insider equity transaction by its General Counsel & Corporate Secretary. On December 11, 2025, 2,525 restricted stock units converted into an equal number of common shares at an indicated price of $0, increasing the officer's direct holdings.
On the same date, 792 of those shares were withheld at a price of $8.75 to satisfy tax obligations, leaving the officer with 7,452 common shares held directly after the transactions. The restricted stock units were originally granted on December 11, 2023 and vest in three equal annual installments, subject to continued employment.
FuelCell Energy reported an insider stock transaction by its CEO and director. On December 11, 2025, 11,818 restricted stock units were converted into common stock on a one-for-one basis at an exercise price of $0. On the same date, 3,704 shares of common stock were disposed of at $8.75 per share to satisfy tax obligations related to the vesting. After these transactions, the reporting person beneficially owns 51,565 shares of FuelCell Energy common stock directly. The restricted stock units were originally granted on December 11, 2023 and vest one-third on each of the first, second and third anniversaries of the grant date, subject to continued employment.
FuelCell Energy reported that its CEO and director acquired common stock through the vesting of equity awards on 12/05/2025. On that date, 4,654 restricted stock units and 5,135 performance share units converted into common shares at $0 per share, while 1,459 shares and 1,610 shares were withheld at $8.37 to satisfy tax obligations. After these transactions, the executive directly owns 43,451 shares of common stock. The performance share payout was tied to the Company’s TSR relative to the TSR of the Russell 2000 over a three-year period, with achievement certified at 36.77% of the target following a 1-for-30 reverse stock split effected on November 8, 2024.
FuelCell Energy, Inc. reported recent share sales under its at-the-market program. Between September 15, 2025 and November 6, 2025, the company issued and sold 15,380,413 shares at an average price of $8.99, generating $138.3 million in gross proceeds and $135.5 million in net proceeds after $2.8 million in sales commissions.
As of November 6, 2025, approximately $1.1 million of shares remained available for sale under the amended sales agreement. Shares outstanding were 47,676,043 as of the same date.
FuelCell Energy, Inc. (FCEL) reported a routine insider transaction. A company director acquired 2,743 deferred common stock units on 10/15/2025, coded “A” for an award under the director compensation program.
The units were issued at $0 as fees paid in stock and are deferred; each unit is payable in one share of common stock on a one-for-one basis upon the director’s separation from service.
Following this transaction, the director beneficially owns 61,227 derivative securities, reported as Direct (D) ownership.
FuelCell Energy (FCEL) filed a Form 4 reporting director equity compensation. On 10/15/2025, the director received 1,576 deferred common stock units as retainer and committee fees, issued at $0 under the company’s director compensation program and deferred compensation plan. Each unit is payable in one share of common stock upon separation from board service. Following this transaction, the director beneficially owned 40,563 derivative securities.
FuelCell Energy reported operational and balance sheet updates for the nine months ended July 31, 2025, highlighting backlog, cash, project activity, and restructuring impacts. The company had $174.7 million of unrestricted cash and 62.8 MW of operating project assets that generated $35.8 million of revenue for the nine months ended July 31, 2025. Generation backlog totaled $955.0 million, service backlog $169.4 million, product backlog $96.2 million, and advanced technologies backlog $24.3 million. The firm recognized impairments totaling about $22.4 million (inventory ~$9.0M, IPR&D ~$9.3M, goodwill ~$4.1M) tied to a June 2025 restructuring that reduced workforce by ~122 employees (22%) and scaled back certain development efforts. Project assets were $224.5M with one Hartford Project under development requiring an estimated $34M–$36M more investment. Equity raises under an Amended Sales Agreement generated gross proceeds of about $39.0M in the quarter and $53.5M year-to-date, with remaining availability noted under the registration.
FuelCell Energy, Inc. furnished an update on its latest quarterly performance and business activities. The company issued a press release announcing financial results and a business update for the three and nine months ended July 31, 2025, and attached this release as Exhibit 99.1 to the report. These materials describe how the business performed over the quarter and year-to-date, but the specific figures are contained in the exhibits rather than in the body of the report.
The company also furnished an investor presentation, attached as Exhibit 99.2, that it planned to use during its September 9, 2025 earnings call. Both the press release and the presentation are being furnished, not filed, which means they are not automatically subject to certain Exchange Act liabilities or incorporated into other securities offerings unless specifically referenced.
FuelCell Energy, Inc. announced a leadership change in its commercial organization. On August 25, 2025, Michael Hill resigned as Executive Vice President and Chief Commercial Officer, effective September 5, 2025, to pursue another opportunity. The company stated that his departure is not due to any disagreement regarding its operations, policies or practices.
In connection with this change, FuelCell Energy promoted Eric Strayer, currently Vice President, International and Partner Sales, to Senior Vice President, Global Head of Sales, effective September 8, 2025. Strayer has been with the company since 2021 and previously held senior commercial roles at Altergy Systems and Doosan Fuel Cell America, Inc.