Canaccord Genuity Group Reaffirms "Buy" Rating for FuelCell Energy (NASDAQ:FCEL)

Key Points

• Canaccord Genuity Group reaffirmed a “Buy” rating on FuelCell Energy and set a $30 price target, implying approximately 108% upside from the prior close.
• Analyst sentiment remains mixed: four analysts rate the stock a Buy, three a Hold and two a Sell, producing an overall “Hold” consensus and an average target price of $22.83.
• FuelCell Energy reported a quarterly EPS loss of $0.64, missing expectations by $0.23, while revenue of $33.0 million came in below the $38.78 million consensus estimate; analysts expect a full-year loss of $1.73 per share.

FuelCell Energy (NASDAQ:FCEL - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Canaccord Genuity Group in a report issued on Thursday, Benzinga reports. They presently have a $30.00 target price on the energy company's stock. Canaccord Genuity Group's target price would indicate a potential upside of 108.33% from the company's previous close.

Several other equities research analysts also recently commented on the company. UBS Group upgraded FuelCell Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 14th. TD Cowen reiterated a "hold" rating and issued a $16.00 price target (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. B. Riley Financial raised shares of FuelCell Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $32.00 in a report on Monday, June 29th. Jefferies Financial Group restated a "buy" rating on shares of FuelCell Energy in a report on Thursday. Finally, Wall Street Zen lowered shares of FuelCell Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.83.

FuelCell Energy Price Performance

Shares of FCEL opened at $14.40 on Thursday. FuelCell Energy has a twelve month low of $3.81 and a twelve month high of $37.88. The company has a market capitalization of $1.15 billion, a P/E ratio of -2.19 and a beta of 2.35. The firm has a 50 day moving average of $21.67 and a 200 day moving average of $15.87. The company has a quick ratio of 7.20, a current ratio of 8.59 and a debt-to-equity ratio of 0.18.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.23). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The business had revenue of $33.00 million for the quarter, compared to analysts' expectations of $38.78 million. As a group, equities research analysts anticipate that FuelCell Energy will post -1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Shankar Achanta sold 2,500 shares of the firm's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $28.71, for a total value of $71,775.00. Following the transaction, the executive vice president owned 2,618 shares of the company's stock, valued at $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuelCell Energy

A number of institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings in FuelCell Energy by 1,316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock valued at $59,000 after buying an additional 7,080 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in FuelCell Energy in the 4th quarter worth approximately $78,000. Franklin Resources Inc. bought a new position in shares of FuelCell Energy during the 4th quarter valued at approximately $84,000. Finally, Optiver Holding B.V. purchased a new position in shares of FuelCell Energy in the first quarter valued at $88,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

FuelCell Energy News Summary

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: FuelCell Energy signed its first capacity reservation agreement with a major data-center operator for a planned 75 MW Texas project. The agreement includes an upfront reservation payment and gives the customer priority access to manufacturing capacity. FuelCell Energy Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: The company reported $1.3 billion of committed backlog and $2.35 billion of awarded capacity backlog, bringing total committed and awarded capacity backlog to approximately $3.6 billion. However, awarded backlog is not yet firm revenue and includes optional Fit Energy phases.
• Positive Sentiment: FuelCell Energy reiterated plans to reach a 100 MW annualized production rate in October 2026 and expand its Torrington, Connecticut facility to 500 MW by June 2028. Management now targets positive adjusted EBITDA in the fourth quarter of fiscal 2027, subject to contract conversion, delivery timing and cost reductions.
• Positive Sentiment: Cash, cash equivalents and restricted cash increased to $737.3 million, supported partly by recent equity offerings, providing funding for manufacturing expansion and working capital. The company also announced a Siemens collaboration and delivered its first carbon-capture modules to ExxonMobil.

About FuelCell Energy

FuelCell Energy, Inc NASDAQ: FCEL is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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