FuelCell Energy, Inc.FCELNASDAQ
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R&D Expenses Over TimeContracting
Percentile Rank73
3Y CAGR-21.1%
5Y CAGR+21.5%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
-21.1%/yr
vs +45.0%/yr prior
5Y CAGR
+21.5%/yr
Recent deceleration
Acceleration
-66.2pp
Decelerating
Percentile
P73
Within normal range
vs 5Y Ago
2.6x
Strong expansion
Streak
3 yr
Consecutive declineContracting
PeriodValueYoY Change
TTM$29.96M-12.1%
2025$34.08M-38.5%
2024$55.40M-9.2%
2023$61.02M+76.7%
2022$34.53M+205.2%
2021$11.31M+135.9%
2020$4.80M-65.2%
2019$13.79M-39.6%
2018$22.82M+11.9%
2017$20.40M-