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Smart Score
LaggingFuelCell Energy is a clean energy technology company and a stationary fuel cell manufacturer with 22 years of operating experience in this field. Founded in 1969 and headquartered in Danbury, Connecticut, we manufacture and sell our proprietary molten carbonate fuel cell systems, which deliver large-scale, continuous clean power and advanced emissions management. Unlike traditional power generation methods that rely on combustion, our fuel cells generate electricity electrochemically through a chemical reaction rather than burning fuel, resulting in ultra-low emissions and high efficiency.
In the company’s own words · 10-K filed Dec 18, 2025 · SEC EDGAR
Business segments
Q2 2026 · $17.6MThe company’s own SEC segment disclosure.
- Electricity Generation$8.7M49%
- Advanced Technologies$4.7M27%
- Service$4.2M24%
FuelCell Energy, Inc. (FCEL) reported revenue of $36M in Q2 2026 (quarter ended Apr 30, 2026), down 4.9% from the same quarter a year earlier. That came with a gross margin of −36% and net loss of $78M. For the full year FY2025, revenue was $158M (+41% year on year) and net income −$188M. Its largest product in Q2 2026 was Electricity Generation at $8.7M, 49% of the disclosed total, well ahead of Advanced Technologies at 27%.
Raw charts
10 series · TTMAs reported to the SEC, without any scoring.
Electrical Equipment & Parts
Ranks #15 of 17 by Smart Score