Score Breakdown
Offering Ability
60
Cash Runway
10
Float Risk
45
Warrant Exposure
40
Convertible Debt
85
Dilution Forecast
⛈️
Warning
High probability of dilution event
model est. 35%
🔁 Convertible Conversion
model 60%
• Major convertible overhang: 34% potential dilution
• Convertible risk score very high (85/100)
💰 Capital Raise
model 18%
• Active ATM program with $200M remaining capacity
Market Data
Market Cap$1.15B
Shares Outstanding67.61M
Float52.77M
Cash$434.07M
Debt$83.45M
Short InterestN/A
Institutional Holdings
QoQ: ↑ 23.0% shares (2026Q1 vs prior)
149 institutional holders · 31.25M shares
#1
VANGUARD CAPITAL MANAGEMENT LLC
4.36M shares
#2
SUSQUEHANNA INTERNATIONAL GROUP, LLP
3.01M shares
#3
Legal & General Group Plc
2.87M shares
+ 17 more holders Sign up free to view →
Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.
Short Interest
Short Interest15.94M
Days to Cover1.6
% of Float30.2%
FINRA data as of Jul 31, 2026
Recent SEC Activity
xbrl
XBRL CONVERTIBLE
2019-10-31
4
INSIDER TRANSACTION
2026-04-17
4
INSIDER TRANSACTION
2026-04-17
4
INSIDER TRANSACTION
2026-04-10
4
INSIDER TRANSACTION
2026-04-10
Full SEC filing analysis available with free account →
Recent News
No recent news
Factual FCEL Dilution Snapshot
FuelCell Energy, Inc. (FCEL) has a DilutionScore of 52/100, rated High dilution risk. Score date: August 28, 2026.
- Stored ATM program remaining capacity: $200.0M.
- Recent SEC activity tracked for FCEL: 4 on 2026-04-17; 4 on 2026-04-17; 4 on 2026-04-10.
This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.
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