44 /100
MEDIUM RISK
Score updated Apr 13, 2026

FCEL

FuelCell Energy, Inc. — Stock Dilution 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.

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📊 Score Breakdown
📋 Offering Ability
40
💰 Cash Runway
0
📊 Float Risk
20
⚠️ Warrant Exposure
70
🔄Convertible Debt
🌦️ Dilution Forecast
⛈️
Warning
High probability of dilution event
45%
🔁 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)
💰 Capital Raise 18%
• Active ATM program with $200M remaining capacity
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💹 Market Data
Market Cap$352.30M
Shares Outstanding52.98M
Float52.81M
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 Interest3.86M
Days to Cover3.3
% of Float7.3%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL WARRANT Oct 31, 2021
xbrl XBRL CONVERTIBLE Oct 31, 2019
4 INSIDER TRANSACTION Jan 27, 2026
3 FORM3 Jan 23, 2026
4 INSIDER TRANSACTION Jan 20, 2026
Full SEC filing analysis available with free account
📰 Recent News
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