37 /100
MEDIUM RISK
Score updated May 30, 2026

FCEL — FuelCell Energy, Inc. Dilution Risk Tracker

Track FCEL dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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📊 Score Breakdown

📋 Offering Ability
30
💰 Cash Runway
0
📊 Float Risk
25
⚠️ Warrant Exposure
70
🔄Convertible Debt

🌦️ Dilution Forecast

⛈️
Warning
High probability of dilution event
50%
🔁 Convertible Conversion 60%
• Major convertible overhang: 43% potential dilution
• Convertible risk score very high (85/100)
📜 Warrant Exercise 40%
• Significant warrants: 27% of shares outstanding
• Elevated warrant risk score (70/100)
📉 Score Deterioration 40%
• Score rose 19 points recently (worsening)
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💹 Market Data

Market Cap$1.15B
Shares Outstanding52.98M
Float52.77M
Cash$311.78M
Debt$149.64M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 81.6% shares (2025Q4 vs prior)
143 institutional holders · 25.40M shares
#1 Legal & General Group Plc 2.89M shares
#2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.77M shares
#3 VANGUARD GROUP INC 2.50M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest5.47M
Days to Cover1.0
% of Float10.4%
FINRA data as of May 15, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Oct 31, 2021
xbrl XBRL CONVERTIBLE Oct 31, 2019
4 INSIDER TRANSACTION Apr 17, 2026
4 INSIDER TRANSACTION Apr 17, 2026
4 INSIDER TRANSACTION Apr 10, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news
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🔬 More Research for FCEL
📊 FCEL FDA Catalyst Timeline & Biotech Grade — BiotechSigns 📡 FCEL Signal Convergence & Dark Pool Activity — StonkWhisper

Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.