Fuelcell Energy, Inc.
—- Market cap
- —
- Debt
- +$119.64M
- Cash
- −$387.22M
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: FCEL stock price vs PGR: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PGR's multiple
Needs PGR P/S.
Implied fair value · at FCEL's multiple
Needs FCEL P/S.
Metric by metric
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Price unavailable
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: FCEL FY 2025 (ended Oct 31, 2025) · PGR FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
FUELCELL ENERGY, INC. · implied price per share
Bear
-$1.27
Base
-$1.49
Bull
-$1.72
PROGRESSIVE CORP/OH/ · implied price per share
Bear
$158.20
Base
$186.11
Bull
$214.03
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.18x
0.11x
Net debt / EBITDA
Leverage against operating earnings
1.66x
-0.47x
Cash and equivalents
Liquid reserves on the balance sheet
$387.22M
$10.13B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$119.64M
$3.21B
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