MEDIUMOutside partySupplier
limited-number suppliers of key components
“10-K Item 1A: 'There are a limited number of suppliers for some of the key components of our products.'”
FCEL · Concentration risk · 10-K extracted
FuelCell Energy (FCEL) concentration risks
Updated
The most significant concentration FuelCell Energy discloses is limited-number suppliers of key components, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: FuelCell Energy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06FuelCell Energy's disclosed concentration risk is narrow and supply-side: there are a limited number of suppliers for some of the key components of the company's products, a dependency-type exposure disclosed at a medium share. No customer, geographic, or product-line concentration is disclosed alongside this, so as reported, the company's concentration risk profile rests entirely on this one supply-chain claim. Because the disclosure doesn't name the suppliers or components involved, or attach a percentage to the exposure, the precise scope — how many components, or what share of the bill of materials, is affected — isn't derivable from the filing. At a medium disclosed share, this sits between a minor sourcing footnote and a company-defining dependency: real enough to warrant monitoring for component lead times or pricing power held by those limited suppliers, but not framed as an all-or-nothing single-source relationship. Net, FuelCell's disclosed concentration risk is a single, moderate, supply-side dependency rather than a customer- or geography-driven exposure, and on its own this claim is unlikely to be the deciding factor in a verdict absent further specifics on which components or suppliers are involved.
For the engine’s reasoning on FCEL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electrical Equipment & Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AYI | Acuity Inc. | 2 | 0 | 1 | 3 |
| AEIS | Advanced Energy Industries, Inc | 2 | 0 | 0 | 2 |
| ATKR | Atkore Inc. | 1 | 1 | 1 | 3 |
| BE | Bloom Energy Corporation | 1 | 1 | 0 | 2 |
| FCEL● | FuelCell Energy, Inc. | 0 | 1 | 0 | 1 |
| AMPX | Amprius Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.