FCEL
FuelCell Energy, Inc.
FCEL offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
RDW
Redwire Corporation
RDW has the edge over FCEL overall, supported by stronger fundamentals and lower modeled downside.
FCEL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Unavailable |
FCEL's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
FCEL PE Valuation
FCEL has no meaningful PE right now: it lost money over the past year.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
FCEL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect FCEL's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
FCEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.01 | +$6.11 |
| Q2 2026 | -$6.15 | +$1.29 |
| Q1 2026 | -$6.49 | +$1.26 |
| Q4 2025 | -$7.42 | +$0.41 |
| Q3 2025 | -$9.12 | -$1.62 |
| Q2 2025 | -$7.44 | -$0.24 |
| Q1 2025 | -$7.75 | +$0.05 |
| Q4 2024 | -$7.83 | -$0.03 |
FCEL has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
FCEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $33M | -29% |
| Q2 2026 | $35.6M | -4.9% |
| Q1 2026 | $30.5M | +61% |
| Q4 2025 | $55M | +12% |
| Q3 2025 | $46.7M | +97% |
| Q2 2025 | $37.4M | +67% |
| Q1 2025 | $19M | +14% |
| Q4 2024 | $49.3M | +120% |
FCEL has the edge over RDW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -141% | +63 points |
| Q2 2026 | -219% | -123 points |
| Q1 2026 | -86% | +87 points |
| Q4 2025 | -51% | +32 points |
| Q3 2025 | -204% | -62 points |
| Q2 2025 | -96% | +89 points |
| Q1 2025 | -173% | +82 points |
| Q4 2024 | -83% | +79 points |
FCEL's operating margin was −141% last quarter, up 63 points from the same quarter a year ago.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW has the edge over FCEL on profitability, with a higher operating margin.
FCEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13.5M | +$18.6M |
| Q2 2026 | -$29M | +$6.2M |
| Q1 2026 | -$34.7M | +$18.1M |
| Q4 2025 | -$23.9M | -$19.2M |
| Q3 2025 | -$32.1M | +$44.7M |
| Q2 2025 | -$35.2M | +$15.2M |
| Q1 2025 | -$52.8M | +$16.1M |
| Q4 2024 | -$4.7M | +$22.4M |
FCEL has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
FCEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +30% | +16.2M shares |
| 1 year | +224% | +48.7M shares |
| 3 years | +420% | +56.9M shares |
| 5 years | +555% | +59.7M shares |
| Available history | +3735% | +68.6M shares |
FCEL has 70M diluted shares, up 224% from a year ago.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has the edge over FCEL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
FCEL Net Leverage
FCEL's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FCEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 9.4 | Oversold |
FCEL's weekly RSI is 40 (neutral) and its Stochastic is 9 (oversold).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
FCEL PE vs Industrials Sector
FCEL has no meaningful PE right now: it lost money over the past year.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
FCEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.6 | 24% below |
| 20 week MA | $17.4 | 41% below |
| 50 week MA | $13.8 | 26% below |
| 100 week MA | $10.2 | 0.9% above |
| 200 week MA | $26.3 | 61% below |
FCEL has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
FCEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.1 | $369.0 | +869% |
| 2021 | $369.0 | $193.8 | -47% |
| 2022 | $193.8 | $80.1 | -59% |
| 2023 | $80.1 | $48.0 | -40% |
| 2024 | $48.0 | $10.0 | -79% |
| 2025 | $10.0 | $8.48 | -16% |
| 2026 YTD | $8.48 | $10.3 | +21% |
FCEL has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.