Millennium Cell, Inc. (MCELQ)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Millennium Cell, Inc. (MCELQ) with AI Score 61/100 (Hold). Millennium Cell, Inc. is a development stage company focused on hydrogen battery technology for portable electronic devices across various sectors. The company is currently in liquidation. Market cap: 0, Sector: Industrials.
Last analyzed: Mar 15, 2026Millennium Cell, Inc. (MCELQ) Industrial Operations Profile
Millennium Cell, Inc., now in liquidation, focused on developing hydrogen battery technology, combining fuel cells and hydrogen storage for portable electronics in military, medical, industrial, and consumer markets. Its technology involved a fuel blend of water, sodium borohydride, and other chemicals.
Investment Thesis
Millennium Cell, Inc. is currently in liquidation, which significantly impacts any potential investment thesis. The company's historical focus on hydrogen battery technology for portable electronic devices did present a potential growth area, given the increasing demand for portable power solutions. However, the liquidation status negates any potential return on investment. Key metrics such as market capitalization ($0.00B), negative P/E ratio (-0.00), and a highly negative profit margin (-1336.5%) reflect the company's financial distress. The negative beta of -36.94 indicates an inverse correlation with the market, which is not necessarily a positive attribute in this context. Given the liquidation, investors should exercise extreme caution.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.00B reflecting the company's liquidation status.
- Profit Margin of -1336.5% indicating substantial losses and financial instability.
- Gross Margin of 0.8% demonstrating minimal profitability on sales.
- Beta of -36.94 indicating an inverse correlation with the market, which is not necessarily a positive attribute in this context.
- Dividend Yield of None, as the company does not distribute dividends.
Competitors & Peers
Strengths
- Proprietary hydrogen battery technology.
- Strategic partnerships with Dow Chemical and Horizon Fuel Cells.
- Focus on portable electronic devices market.
Weaknesses
- Development stage company with limited commercialization.
- High dependence on partnerships for market penetration.
- Currently in liquidation.
Catalysts
- N/A - Millennium Cell, Inc. is in liquidation.
Risks
- Ongoing: Liquidation proceedings may result in complete loss of investment.
- Ongoing: Limited or no financial disclosure increases information asymmetry.
- Ongoing: Low trading volume and liquidity can lead to price manipulation.
- Ongoing: OTC Other tier status signals potential financial distress or regulatory non-compliance.
- Potential: Speculative trading activity due to the company's circumstances.
Growth Opportunities
- N/A - Millennium Cell, Inc. is in liquidation and no longer pursuing growth opportunities.
- N/A - Millennium Cell, Inc. is in liquidation and no longer pursuing growth opportunities.
- N/A - Millennium Cell, Inc. is in liquidation and no longer pursuing growth opportunities.
- N/A - Millennium Cell, Inc. is in liquidation and no longer pursuing growth opportunities.
- N/A - Millennium Cell, Inc. is in liquidation and no longer pursuing growth opportunities.
Opportunities
- Growing demand for portable power solutions.
- Expansion into new markets through licensing agreements.
- Potential for government funding and support for hydrogen technology.
Threats
- Intense competition from established battery manufacturers.
- Technological advancements in alternative battery technologies.
- Regulatory hurdles and safety concerns related to hydrogen fuel.
Competitive Advantages
- Proprietary hydrogen battery technology.
- Strategic relationships with Dow Chemical and Horizon Fuel Cells.
- Patents on hydrogen cartridge technology.
About MCELQ
Founded in 1998 and based in Eatontown, New Jersey, Millennium Cell, Inc. operated as a development stage company specializing in hydrogen battery technology. The company aimed to create hydrogen batteries primarily for portable electronic devices, targeting the military, medical, industrial, and consumer markets. Their core technology combined a fuel cell with hydrogen storage, utilizing a fuel blend consisting of water, sodium borohydride, and other chemicals to produce hydrogen, which was then converted into electricity by a fuel cell. Millennium Cell pursued a partnership-driven approach, collaborating with both corporate and government entities to advance its technology. The company also licensed its hydrogen cartridge technology and designs to other companies involved in developing fuel cell systems. Key strategic relationships included a collaboration with The Dow Chemical Company for commercializing its hydrogen battery technology in the military and consumer electronics sectors, as well as a joint development and licensing agreement with Horizon Fuel Cells Plc. As of 2026, Millennium Cell Inc. is in liquidation, marking the end of its operational activities.
What They Do
- Developed hydrogen batteries for portable electronic devices.
- Focused on military, medical, industrial, and consumer markets.
- Combined fuel cell and hydrogen storage technology.
- Utilized a fuel blend of water, sodium borohydride, and other chemicals.
- Converted hydrogen into electricity via fuel cells.
- Partnered with corporate and government entities for technology development.
- Licensed hydrogen cartridge technology and designs.
Business Model
- Developed and patented hydrogen battery technology.
- Partnered with companies like Dow Chemical and Horizon Fuel Cells for commercialization.
- Licensed its technology to other companies for fuel cell system development.
Industry Context
Millennium Cell, Inc. operated within the electrical equipment and parts industry, focusing on hydrogen battery technology. The industry is characterized by increasing demand for efficient and portable power solutions, particularly for electronic devices. Competitors in this space include companies like CHGI (China Green Energy Inc.), CVAS (Cvon Innovations Inc.), DLYT (delytics AG), ESFS (Elecsys Federal Systems, Inc.), and FDEI (Federal Data Systems, Inc.). However, given Millennium Cell's liquidation status, its competitive positioning is no longer relevant. The market for hydrogen fuel cells and related technologies is projected to grow, but Millennium Cell will not be participating in this growth.
Key Customers
- Military (portable electronic devices).
- Medical (portable electronic devices).
- Industrial (portable electronic devices).
- Consumer markets (portable electronic devices).
Financials
Chart & Info
Millennium Cell, Inc. (MCELQ) stock price: Price data unavailable
Latest News
No recent news available for MCELQ.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MCELQ.
Price Targets
Wall Street price target analysis for MCELQ.
MoonshotScore
What does this score mean?
The MoonshotScore rates MCELQ's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
MCELQ OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Millennium Cell, Inc. (MCELQ) is not current in its reporting obligations. Companies in this tier may be distressed, in bankruptcy, or unwilling to provide current financial information. This contrasts with NYSE or NASDAQ listings, which require companies to meet stringent financial and governance standards, including regular SEC filings and minimum share prices, offering investors greater transparency and regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Liquidation status indicates potential loss of investment.
- Limited or no financial disclosure increases information asymmetry.
- Low trading volume and liquidity can lead to price manipulation.
- OTC Other tier status signals potential financial distress or regulatory non-compliance.
- Speculative trading activity due to the company's circumstances.
- Verify the current legal status of the liquidation proceedings.
- Assess the potential for any residual asset value after liquidation.
- Review any available historical financial statements with extreme caution.
- Understand the reasons for the company's failure and liquidation.
- Consult with a financial advisor familiar with distressed securities.
- Check for any outstanding legal claims or liabilities against the company.
- Confirm the disclosure status with the OTC Markets Group.
- Historical strategic relationships with The Dow Chemical Company and Horizon Fuel Cells Plc (prior to liquidation).
- Past focus on developing innovative hydrogen battery technology.
- Prior existence as a publicly traded company, even if now on the OTC Other tier.
MCELQ Industrials Stock FAQ
What does Millennium Cell, Inc. do?
Millennium Cell, Inc. was a development stage company focused on creating hydrogen batteries for portable electronic devices across various sectors, including military, medical, industrial, and consumer markets. Their core technology combined a fuel cell with hydrogen storage, utilizing a fuel blend to produce hydrogen, which was then converted into electricity. The company collaborated with corporate and government entities and licensed its technology to other companies. However, Millennium Cell is now in liquidation.
What do analysts say about MCELQ stock?
Given Millennium Cell's liquidation status, traditional analyst coverage is unlikely. Key valuation metrics such as P/E ratio and market capitalization are not meaningful in this context. The company's financial performance, including negative profit margins, reflects its distressed state. Investors should focus on the liquidation process and potential for any residual asset value rather than traditional investment analysis. No analysts are actively recommending or rating the stock.
What are the main risks for MCELQ?
The primary risk for MCELQ is its liquidation status, which implies a high probability of complete loss of investment. The company's placement on the OTC Other tier further underscores its financial distress and lack of regulatory compliance. Limited financial disclosure and low trading volume increase the risk of price manipulation. Investors should exercise extreme caution and understand the implications of investing in a company undergoing liquidation.
What are the key factors to evaluate for MCELQ?
Millennium Cell, Inc. (MCELQ) currently holds an AI score of 61/100, indicating moderate score. Key strength: Proprietary hydrogen battery technology.. Primary risk to monitor: Ongoing: Liquidation proceedings may result in complete loss of investment.. This is not financial advice.
How frequently does MCELQ data refresh on this page?
MCELQ prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven MCELQ's recent stock price performance?
Recent price movement in Millennium Cell, Inc. (MCELQ) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Proprietary hydrogen battery technology.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider MCELQ overvalued or undervalued right now?
Determining whether Millennium Cell, Inc. (MCELQ) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying MCELQ?
Before investing in Millennium Cell, Inc. (MCELQ), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and the company's liquidation status.
- The company is in liquidation, which significantly impacts its financial viability and investment potential.