Fuelcell Energy: Peers

The FY2025 (Oct) proxy of Fuelcell Energy names 17 peer companies for pay. Among Fuelcell Energy and these peers, CEO pay was 3rd highest of 5 and total shareholder return was 3rd highest of 5.

3rd highest of 5in Fuelcell Energy and its pay peers, FY2025 (Oct) by CEO pay:

$2.7M$6.0M

3rd highest of 5in Fuelcell Energy and its pay peers, FY2025 (Oct) by total shareholder return:

-$83$27

Pay peer group, FY2025 (Oct) proxy

Shoals Technologies Group
ChargePoint Holdings
Clean Energy Fuels
Aspen Aerogels
Altus Power, Inc.Not disclosedNot disclosed
American Superconductor CorporationNot disclosedNot disclosed
Ballard Power Systems, Inc.Not disclosedNot disclosed
Beam GlobalNot disclosedNot disclosed
Blink ChargingNot disclosedNot disclosed
Energy Recovery, Inc.Not disclosedNot disclosed
Energy Vault Holdings, Inc.Not disclosedNot disclosed
Montauk RenewablesNot disclosedNot disclosed
Nuscale PowerNot disclosedNot disclosed
Plug PowerNot disclosedNot disclosed
Stem, Inc.Not disclosedNot disclosed
Tigo Energy, Inc.Not disclosedNot disclosed
VicorNot disclosedNot disclosed
17 companies

PSU comparator group

The companies that relative total shareholder return is measured against for performance stock units.

Russell 2000 Index (index)Not disclosedNot disclosed
1 company

Changes by year

FY2025 (Oct) proxy

  • AddedAmerican Superconductor Corporationpay peer group
  • AddedBeam Globalpay peer group
  • AddedTigo Energy, Inc.pay peer group
  • RemovedBloom Energypay peer group

FY2024 (Oct) proxy

  • AddedAltus Power Inc.pay peer groupIn selecting new additions to our fiscal year 2024 Peer Group, the Compensation and Leadership Development Committee noted that Altus Power Inc., Energy Recovery, Inc. and Montauk Renewables, Inc. were clean energy companies with similar revenue and market value to our own and provided balance to larger competitors that remained in our 2024 Peer Group
  • AddedEnergy Recovery, Inc.pay peer groupIn selecting new additions to our fiscal year 2024 Peer Group, the Compensation and Leadership Development Committee noted that Altus Power Inc., Energy Recovery, Inc. and Montauk Renewables, Inc. were clean energy companies with similar revenue and market value to our own and provided balance to larger competitors that remained in our 2024 Peer Group
  • AddedMontauk Renewablespay peer groupIn selecting new additions to our fiscal year 2024 Peer Group, the Compensation and Leadership Development Committee noted that Altus Power Inc., Energy Recovery, Inc. and Montauk Renewables, Inc. were clean energy companies with similar revenue and market value to our own and provided balance to larger competitors that remained in our 2024 Peer Group
  • RemovedAmerican Superconductor Corporationpay peer groupIn selecting companies to delete from our 2023 Peer Group roster (in developing our 2024 Peer Group), the Compensation and Leadership Development Committee noted at the time of review that FTC Solar, Inc. and American Superconductor Corporation had slowing or declining revenue growth and significantly lower valuations than our own
  • RemovedChargePoint Holdingspay peer groupChargePoint Holdings, Inc. and Thermon Group Holdings were larger than us and were no longer perceived to be direct competitors for either sales or executive talent
  • RemovedFTC Solar, Inc.pay peer groupIn selecting companies to delete from our 2023 Peer Group roster (in developing our 2024 Peer Group), the Compensation and Leadership Development Committee noted at the time of review that FTC Solar, Inc. and American Superconductor Corporation had slowing or declining revenue growth and significantly lower valuations than our own
  • RemovedThermon Group Holdingspay peer groupChargePoint Holdings, Inc. and Thermon Group Holdings were larger than us and were no longer perceived to be direct competitors for either sales or executive talent

FY2023 (Oct) proxy

  • AddedBlink Chargingpay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • AddedChargePoint Holdingspay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • AddedFTC Solar, Inc.pay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • AddedShoals Technologies Grouppay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • AddedStem, Inc.pay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • AddedSunnova Energy International Inc.pay peer groupIn addition, in updating our Peer Group for fiscal year 2023, we added Blink Charging Co., ChargePoint Holdings, Inc., FTC Solar, Inc., Shoals Technologies Group, Inc., Stem, Inc. and Sunnova Energy International Inc. to bolster our overall Peer Group roster size and improve our alignment across key financial demographic statistics with Peer Group medians
  • RemovedCECO Environmental Corp.pay peer groupin light of increasing divergence with respect to company valuations or revenue
  • RemovedEnphase Energypay peer groupin light of increasing divergence with respect to company valuations or revenue
  • RemovedOrion Energy Systems, Inc.pay peer groupin light of increasing divergence with respect to company valuations or revenue
  • RemovedPark Electrochemical Corp.pay peer groupin light of increasing divergence with respect to company valuations or revenue
  • RemovedVishay Precision Grouppay peer groupin light of increasing divergence with respect to company valuations or revenue
  • RemovedWestport Fuel Systems Inc.pay peer groupin light of increasing divergence with respect to company valuations or revenue

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year. Each company counts TSR from its own start year, so two values compare only when the start years match.