What move does the options market price into Fuelcell Energy's report?

Implied ±10.5%, either direction.

FCELNasdaqElectrical Industrial Apparatus

Fuelcell Energy Inc (FCEL) earnings date, market-implied expected move, and options open interest by expiry

11.21

pre 11.83 +5.53%

Pre-market04:34 ETdelayed

Open11.66Volume4.8MMkt cap$896.3MEPS-2.53

Day11.66 – 11.8974%52-wk5.71 – 37.8819%

FCEL

Fuelcell Energy Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.5%implied · report alone

10.0312.39

straddle ±24.1%

spot 11.21exp Dec 18ATM strike 11ATM straddle 3.18IV 103%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 17

before open · in 43 days

est.Q4 FY26

Calendar

Next report

Last report

−15.69%

vs ±10.5% implied · ×1.49

shaded = implied · ▲▼ = realized

Sep 2 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+87.68%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

228 managers

Top fund weight

0.06%

FCEL weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Fuelcell Energy (FCEL) is expected to report on Dec 17 before open (estimated date).

Implied vs realized

1 report

—≥ implied

Q3 FY26Sep 2 '26confirmed±10.5%▼−15.69%×1.49

quarterimplied−20%0+20%realized×

Q3 FY26±10.5%▼−15.69%×1.49

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 23 close

0.28OI · 7 expiries · Oct 23 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2 nearer expiries

886+81%Nov 62d0.511,735+113%0.51

273+18%Nov 139d0.37741+106%0.37

4,162+51%Nov 2016d0.3113,638+26%0.31

8020%Nov 2723d1.37586+175%1.37

report · Dec 17 · before open · est.

ExpiryPutsCallsP/C

2 nearer expiries

Nov 62d886+81%1,735+113%0.51

Nov 139d273+18%741+106%0.37

Nov 2016d4,162+51%13,638

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±24.1%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

−137.22%as filednet margin · revenue −7.27% QoQ · −29.40% YoY

Revenue$33M−7.27%

Gross profit−$25M−74.25%−89.52%

Operating income−$47M−141.39%+40.11%

Pre-tax income−$45M+41.70%

Net income−$45M−137.22%+41.67%

Cost of revenue$58M+18.52%

Operating expenses$22M−65.90%

Tax$0+100.00%

Other income$1M+488.46%

Source: SEC filings · standardized · QE Jul 31 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 04:30 ET

Intraday

Event sensitivity

PPI ×1.39· ±7.3% vs ±5.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±7.3%3 of 10×1.39

CPIconsumer prices±6.9%8 of 10×1.32

NFPjobs report±6.7%5 of 10×1.28

FOMCrate decision±6.4%14 of 24×1.23

PCEpersonal income & outlays±5.1%7 of 19×0.98

GDPgross domestic product±5.0%8 of 19×0.96

CPROFcorporate profits±3.9%6 of 12×0.74

Bar = avg |move| to ±8% · tick = ±5.2% avg day · ×base = |move| ÷ ±5.2% · min 6 releases

Earnings history

EPS -0.64 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Sep 2 '26 · confirmed	-0.64	—
Q2 FY26	—	-1.45	—
Q1 FY26	—	-0.49	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod