Head to Head

FCEL vs FSLR: which is the better buy in 2026?

On Alexandria's Compass, First Solar has the edge with a 93/100 score versus 82/100 for FCEL. Here is how they stack up, factor by factor.

FuelCell Energy, Inc.

NASDAQ:FCEL

82/100 Compass
True NorthReduce$1.6B

Great theme, wrong price. FCEL trades at nearly 3x analyst high targets while burning cash on a business that still can't make a positive gross margin.

Full FCEL analysis

First Solar

NASDAQ:FSLR

Edge
93/100 Compass
True NorthStrong Buy$28.3B

America's only scaled thin-film solar manufacturer trades at 10x forward earnings while domestic content rules rewrite who wins utility-scale solar.

Full FSLR analysis

Factor by factor

FactorFCELFSLR
Revenue Growth9863
Profitability766
Valuation7577
Momentum8066
Theme Purity5499
Moat4763
Catalysts5799
Market Position5251

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Frequently asked questions

Is FCEL or FSLR the better buy in 2026?

By Compass Score, First Solar (NASDAQ:FSLR) edges it at 93/100 versus 82/100 for FCEL. Both scores update weekly and reflect a contrarian, forward-looking read, not a recommendation.

How does Alexandria compare FCEL and FSLR?

Each company is scored 1-100 on eight factors: revenue growth, profitability, valuation, momentum, theme purity, moat, catalysts, and market position. The Compass Score is the composite, and the comparison below shows where each name wins factor by factor.

Compass Scores are proprietary editorial research from publicly available data, not investment advice or a recommendation regarding any security. Rankings update weekly.