FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Rating of "Hold" from Analysts

Key Points

• FuelCell Energy has an average “Hold” rating from 13 analysts, with six buys, five holds and two sells. The average 12-month price target is $21.80, though targets range widely from $8 to $32.
• The company reported weaker-than-expected quarterly results, posting a loss of $0.64 per share versus the $0.41 consensus estimate and revenue of $33.0 million versus expectations of $38.79 million. Analysts expect a full-year loss of approximately $2.09 per share.
• FCEL faces added uncertainty from reported manufacturing-capacity issues and a related securities lawsuit, while recent developments include an insider purchase and institutional ownership of 42.78%.

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have earned an average recommendation of "Hold" from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.80.

FCEL has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $20.00 target price (down from $24.00) on shares of FuelCell Energy in a research report on Thursday, September 3rd. B. Riley Financial raised FuelCell Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $32.00 in a report on Monday, June 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $30.00 target price on shares of FuelCell Energy in a research report on Thursday, September 3rd. Wall Street Zen downgraded shares of FuelCell Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 19th. Finally, Wells Fargo & Company raised their price target on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 16th.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL opened at $16.42 on Thursday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -4.79 and a beta of 2.35. The business has a 50-day moving average of $18.62 and a 200-day moving average of $17.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.67 and a quick ratio of 7.77. FuelCell Energy has a fifty-two week low of $5.71 and a fifty-two week high of $37.88.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.23). FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%.The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate of $38.79 million. As a group, sell-side analysts predict that FuelCell Energy will post -2.09 earnings per share for the current fiscal year.

More FuelCell Energy News

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

• Positive Sentiment: Oppenheimer initiated coverage of FuelCell Energy with an Outperform rating and a $24 price target, implying substantial upside from recent trading levels. The firm cited FuelCell’s potential to provide reliable, on-site power for rapidly expanding AI and data-center demand, as well as planned production-capacity expansion. FuelCell Energy jumps on Oppenheimer initiation, citing data center demand
• Neutral Sentiment: FuelCell Energy participated in a broader fuel-cell sector rebound on September 29, alongside Bloom Energy and Plug Power. However, the group’s gains were not sustained uniformly, and a report on September 30 said FCEL was largely sitting out a rally driven by a Plug Power electrolyzer agreement. Plug Power advances on electrolyzer supply agreement
• Negative Sentiment: Several law firms are publicizing a securities class action against FuelCell Energy and a November 10, 2026 deadline for investors to seek lead-plaintiff status. The lawsuit alleges that the company failed to disclose manufacturing-capacity shortfalls affecting its Fit Energy purchase agreement and a related $17 million charge. The allegations have not been proven, but the repeated notices add legal and reputational overhang to FCEL shares. FCEL shareholder alert and lead plaintiff deadline

Insider Activity at FuelCell Energy

In other FuelCell Energy news, Director Homer Livingston, III bought 16,404 shares of the stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of $15.05 per share, with a total value of $246,880.20. Following the completion of the acquisition, the director owned 42,747 shares of the company's stock, valued at $643,342.35. This trade represents a 62.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Shankar Achanta sold 2,500 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president owned 2,618 shares of the company's stock, valued at approximately $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its holdings in FuelCell Energy by 444.4% in the 2nd quarter. Allworth Financial LP now owns 1,301 shares of the energy company's stock valued at $47,000 after buying an additional 1,062 shares during the period. NewEdge Advisors LLC raised its position in shares of FuelCell Energy by 301.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,605 shares of the energy company's stock valued at $58,000 after buying an additional 1,205 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of FuelCell Energy during the 2nd quarter worth approximately $90,000. Integrated Wealth Concepts LLC bought a new stake in shares of FuelCell Energy during the 2nd quarter worth approximately $120,000. Finally, IPG Investment Advisors LLC acquired a new stake in shares of FuelCell Energy during the 2nd quarter worth approximately $273,000. Institutional investors own 42.78% of the company's stock.

About FuelCell Energy

FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.

The company's offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.

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