Here are the 10-K annual reports from FuelCell Energy Inc NEW (DE) (FCEL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FCEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FCEL filings page.
FuelCell Energy, Inc. is a clean energy technology company that designs, manufactures, installs, operates, and services molten carbonate fuel cell systems for baseload power, carbon capture and distributed hydrogen. Headquartered in Danbury, Connecticut, it serves utilities, data centers, industrial facilities, universities, and wastewater plants in the U.S., Canada, Europe, the UK and key Asian markets.
The company is refocusing on its core carbonate platform under a “Focus, Scale, and Innovate” strategy. In November 2024 and June 2025 it undertook global restructuring, including workforce reductions, cost controls, deferral of certain compensation, slowing the Torrington, Connecticut manufacturing schedule to match demand, and largely ceasing solid oxide power generation development while concentrating solid oxide efforts on electrolysis and partnerships.
FuelCell Energy reports recurring revenue from long-term power purchase and service agreements and non‑recurring revenue from product sales and Advanced Technologies contracts. It is advancing carbon capture with ExxonMobil’s EMTEC under a joint development and license structure and supplying a pilot plant for Esso’s Rotterdam refinery. As of October 31, 2025, its Torrington plant was running at a 41 MW annualized production rate with current configuration capacity of 100 MW, and potential expansion scenarios evaluated up to 350 MW with further investment.