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FCEL Stock Forecast: FuelCell Energy, Inc. Price Predictions for 2026-2027

Last close, 25 Aug 2026
$19
+2.88% on the day

The 8 Wall Street analysts covering FuelCell Energy, Inc. hold a median 12-month price target of $26 — +32.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 49 of 100 as at 24 Aug 2026 — in the lower half.

Market cap
$1.6B
Ticker Nerd rank
49 / 100
Median analyst target
$26
Analysts covering
8
Revenue$35.6M−4.9% y/y
Operating income−$35.3M
Net income−$77.6M
Free cash flow−$33.0M
Quarterly, 8 quarters to 30 Apr 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−11.1%
1M
−9.3%
YTD
+163.9%
1Y
+356.0%
From 52W high
−46.4%
From 52W low
+392.1%
$4
$36
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

FCEL stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores FuelCell Energy, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 24 Aug 2026
49 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Growth
92
Momentum
82
Accruals
80
Revisions
49
Size
40
Quality
39
Value
32
Volatility
24
Issuance
14

Growth (92): Sales and profits are climbing, and climbing faster than before.

Issuance (14): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FCEL stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FCEL, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$0$5$10$15$20$25$30$35Oct 25Jan 26Apr 26Jul 26FCELHigh $32Median $26Low $8

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says8 analysts
4 Buy2 Hold2 Sell
Low $8Median $26High $32

The green dot is the last close — the median target sits +32.2% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 2 moved it down.

DateFirmActionRatingTarget
14 July 2026UBSUpgradeBuy$22 → $27
29 June 2026B. Riley SecuritiesUpgradeBuy—
26 June 2026JefferiesUpgradeBuy—
26 June 2026UBSMaintainsNeutral—
16 June 2026Wells FargoMaintainsUnderweight—
10 June 2026JefferiesMaintainsHold—
9 June 2026B. Riley SecuritiesMaintainsNeutral—
9 June 2026Canaccord GenuityUpgradeBuy—
9 June 2026TD CowenMaintainsHold—
10 Mar 2026Wells FargoMaintainsUnderweight—
19 Dec 2025Canaccord GenuityMaintainsHold—
17 Sept 2025UBSMaintainsNeutral—
15 Sept 2025Canaccord GenuityMaintainsHold—
13 June 2025B. Riley SecuritiesMaintainsNeutral—
12 Mar 2025B. Riley SecuritiesMaintainsNeutral—
20 Dec 2024Canaccord GenuityMaintainsHold—
20 Dec 2024JefferiesMaintainsHold—
3 Dec 2024UBSMaintainsNeutral—
13 Nov 2024Wells FargoMaintainsUnderweight$30 → $5.00
6 Sept 2024Canaccord GenuityMaintainsHold$1.50 → $1.25

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FCEL appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

FCEL vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 25 Aug 2026, FuelCell Energy, Inc. returned +356.0% against +20.5% for the S&P 500, dividends included.

FCEL vs S&P 500, last 12 monthsTotal return, rebased to 100
100200300400500600700Oct 25Jan 26Apr 26Jul 26FCELS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FCEL analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
1
Analysts cutting
0
Fundamentals

FuelCell Energy, Inc. (FCEL) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−2.6×

Cheaper than 86% of US stocks

Price / sales
9.3×

Cheaper than 15% of US stocks

Price / book
1.7×

Cheaper than 52% of US stocks

EV / EBITDA
−15.7×

Cheaper than 87% of US stocks

Growth & margins
Revenue growth (YoY)
−4.9%

Higher than 20% of US stocks

Earnings growth (YoY)
−4.9%

Higher than 30% of US stocks

Gross margin
−36.3%

Higher than 3% of US stocks

Operating margin
−99.3%

Higher than 13% of US stocks

Net margin
−132.4%

Higher than 4% of US stocks

Returns & dividend
Return on equity
−30.7%

Higher than 27% of US stocks

Return on assets
−7.7%

Higher than 28% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

FuelCell Energy, Inc. (FCEL) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • FuelCell Energy, Inc. has a market value of $1.6B and an enterprise value of $1.2B.

  • Revenue in the twelve months to 30 Apr 2026: $167.9M. The latest quarter shrank 4.9% year on year.

  • Net income over the same four quarters: −$224.9M, a −134.0% net margin.

  • Diluted earnings per share, trailing twelve months: $−6.57.

  • Free cash flow in the twelve months to 30 Apr 2026: −$129.6M, after $18.6M of capital spending.

  • FuelCell Energy, Inc. spent $3.2M on dividends in the twelve months to 30 Apr 2026.

  • Shares outstanding: 63.5M.

  • Trailing P/E: −2.6×; forward P/E: −17.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • FuelCell Energy, Inc. employs 629 people — $267K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 Apr 2026 · market figures as at 24 Aug 2026

Data provided by Twelve Data

Peers

FCEL vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelElectrical Equipment & Parts
CompanyMarket capTKN rank
FCELFuelCell Energy, Inc.$1.6B
49
ENREnergizer Holdings, Inc.$1.5B
49
AMPXAmprius Technologies, Inc.$1.4B
58
TET1 Energy, Inc.$1.3B
26
EOSEEos Energy Enterprises, Inc.$1.2B
8
PLPCPreformed Line Products Co.$2.0B
92
ADSEADS-TEC Energy Plc$820.8M
32

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own FuelCell Energy, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest FCEL news & analysis

FCEL's 2026 Losses May Shrink 64%: Is It Enough to Buy?

Zacks Investment Research · 25 Aug 2026neutral

Zacks Investment Research reports that FuelCell Energy's improving outlook is drawing attention, with projected 2026 losses potentially shrinking 64%. The article highlights that key questions remain over turning growth opportunities into lasting financial progress.

Why it matters — FCEL watchers would care because the piece highlights a notably improved loss outlook while flagging lingering uncertainty around whether growth opportunities can translate into durable financial gains.

FuelCell Energy Announces Third Quarter 2026 Results Conference Call on September 2, 2026, at 10:00 A.M. Eastern Time

GlobeNewsWire · 25 Aug 2026neutral

FuelCell Energy announced it will release its third quarter 2026 results before the stock market opens on September 2, 2026. Management will host a conference call at 10:00 a.m. Eastern Time the same day to discuss the results and provide a business update.

Why it matters — FCEL watchers will want to hear the company's quarterly financial results and business update directly from management on the scheduled conference call.

FuelCell Energy Jumps 5%, Plug Power Climbs 4%, Bloom Energy Slips as the Hydrogen Trade Splits

24/7 Wall Street · 21 Aug 2026positive

FuelCell Energy shares jumped 5% on Friday, while Plug Power climbed 4% and Bloom Energy slipped, as the hydrogen trade split rather than following a straightforward reversal after Thursday's selloff.

Why it matters — A FCEL watcher would note that the stock outperformed its hydrogen peers in a session where the sector moved in different directions instead of rebounding uniformly.

FuelCell Energy Sinks 8%, Bloom Energy Falls 3%, Plug Power Drops 3%: What's Behind the Hydrogen Stock Selloff?

24/7 Wall Street · 20 Aug 2026negative

Hydrogen and fuel cell stocks, including FuelCell Energy, are selling off together Thursday afternoon, with the damage spreading unevenly across the group. FuelCell Energy fell 8% as part of this broader sector-wide decline.

Why it matters — A FCEL watcher would care because a broad sector selloff reflects market-wide pressure on hydrogen and fuel cell shares that could affect FuelCell Energy's trading performance.

Has FuelCell Energy (FCEL) Outpaced Other Oils-Energy Stocks This Year?

Zacks Investment Research · 19 Aug 2026neutral

Zacks Investment Research published a piece comparing the year-to-date performance of FuelCell Energy (FCEL) and Valero Energy (VLO) against their sector. The article examines how the two oils-energy stocks have performed relative to the broader industry so far this year.

Why it matters — FCEL watchers can gauge how the company's stock has tracked relative to sector peers like Valero Energy over the year.

FAQ

Frequently asked questions about FCEL stock

What is the FCEL stock price forecast for 2026-2027?

The 8 Wall Street analysts covering FuelCell Energy, Inc. have a median 12-month price target of $26, with estimates ranging from $8 to $32. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FCEL stock a buy right now?

Of the 8 analysts covering FuelCell Energy, Inc., 4 rate it a Buy, 2 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks FuelCell Energy, Inc. 49 out of 100 across roughly 4,600 US stocks as at 24 Aug 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FCEL?

As at 24 Aug 2026, FuelCell Energy, Inc. ranks 49 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (92 of 100).

Will FCEL stock go up?

No one can know that. What the data says: the median 12-month target from 8 analysts implies +32.2% from the last close, and Ticker Nerd's factor model ranks FuelCell Energy, Inc. 49 out of 100 as at 24 Aug 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FCEL stock forecast for 2030?

No analyst covering FuelCell Energy, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FCEL are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $8 to $32 over the next 12 months.

How has FCEL stock performed over the past year?

FuelCell Energy, Inc. returned +356.0% over the 12 months to 25 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.

What does FuelCell Energy, Inc. do?

FuelCell Energy, Inc. is a clean technology company that develops, manufactures, installs, operates, and maintains high-temperature fuel cell systems for large-scale power generation.

What is the latest news on FCEL?

The most recent item we track (Zacks Investment Research, 25 Aug 2026): "FCEL's 2026 Losses May Shrink 64%: Is It Enough to Buy?". Zacks Investment Research reports that FuelCell Energy's improving outlook is drawing attention, with projected 2026 losses potentially shrinking 64%. The article highlights that key questions remain over turning growth opportunities into lasting financial progress.

Company

About FuelCell Energy, Inc.

FuelCell Energy, Inc. is a clean technology company that develops, manufactures, installs, operates, and maintains high-temperature fuel cell systems for large-scale power generation. FuelCell Energy provides solutions for utilities, industrial sites, data centers, and municipal customers, with offerings that support on-site electricity production, utility-scale power, carbon capture, local hydrogen production, and long-duration energy storage. Its portfolio centers on megawatt-scale systems designed to deliver continuous, low-emission energy and integrated emissions management. The company serves markets across the United States, South Korea, Europe, and Canada, positioning FuelCell Energy as a specialist in distributed energy infrastructure and advanced fuel cell applications.

CEO Mr. Jason B. Few · 629 employees · United States · https://www.fuelcellenergy.com