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

Last close, 14 Oct 2026
$14
−8.65% on the day

The 11 Wall Street analysts covering FuelCell Energy, Inc. hold a median 12-month price target of $21 — +48.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 22 of 100 as at 14 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$1.2B
Ticker Nerd rank
22 / 100
Median analyst target
$21
Analysts covering
11
Revenue$33.0M−29.4% y/y
Operating income−$46.7M
Net income−$45.3M
Free cash flow−$19.4M
Quarterly, 8 quarters to 31 July 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−22.9%
1M
−7.3%
YTD
+93.7%
1Y
+23.9%
From 52W high
−60.7%
From 52W low
+136.0%
$6
$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 14 Oct 2026
22 / 100

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

Momentum
74
Accruals
69
Growth
53
Size
42
Revisions
30
Value
27
Quality
20
Volatility
13
Issuance
12

Momentum (74): The shares have been drifting up relative to others.

Issuance (12): 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
$5$10$15$20$25$30Jan 26Apr 26Jul 26Oct 26FCELHigh $32Median $21Low $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 says11 analysts
6 Buy3 Hold2 Sell
Low $8Median $21High $32

The green dot is the last close — the median target sits +48.3% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
29 Sept 2026OppenheimerInitiatesOutperform$24
24 Sept 2026BarclaysInitiatesEqual-Weight$20
15 Sept 2026CitigroupInitiatesNeutral$19
15 Sept 2026CitigroupInitiatesNeutral—
8 Sept 2026JefferiesMaintainsBuy$24 → $20
8 Sept 2026JefferiesMaintainsBuy—
3 Sept 2026Canaccord GenuityMaintainsBuy$30
3 Sept 2026Canaccord GenuityMaintainsBuy—
14 July 2026UBSUpgradeBuy$22 → $27
14 July 2026UBSUpgradeBuy—
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—

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 14 Oct 2026, FuelCell Energy, Inc. returned +23.9% against +17.5% for the S&P 500, dividends included.

FCEL vs S&P 500, last 12 monthsTotal return, rebased to 100
50100150200250Jan 26Apr 26Jul 26Oct 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
0
Analysts cutting
1
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
−2.1×

Cheaper than 86% of US stocks

Price / sales
8.0×

Cheaper than 16% of US stocks

Price / book
1.3×

Cheaper than 62% of US stocks

EV / EBITDA
−9.3×

Cheaper than 85% of US stocks

Growth & margins
Revenue growth (YoY)
−29.4%

Higher than 9% of US stocks

Earnings growth (YoY)
−29.4%

Higher than 16% of US stocks

Gross margin
−74.2%

Higher than 2% of US stocks

Operating margin
−141.4%

Higher than 12% of US stocks

Net margin
−113.6%

Higher than 5% of US stocks

Returns & dividend
Return on equity
−21.4%

Higher than 31% of US stocks

Return on assets
−7.9%

Higher than 28% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

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 $1.2B and an enterprise value of $884.6M.

  • Revenue in the twelve months to 31 July 2026: $154.1M. The latest quarter shrank 29.4% year on year.

  • Net income over the same four quarters: −$178.3M, a −115.7% net margin.

  • Diluted earnings per share, trailing twelve months: $−3.43.

  • Free cash flow in the twelve months to 31 July 2026: −$113.2M, after $16.9M of capital spending.

  • FuelCell Energy, Inc. spent $3.2M on dividends in the twelve months to 31 July 2026.

  • Shares outstanding: 80.0M.

  • Trailing P/E: −2.1×; forward P/E: −15.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • FuelCell Energy, Inc. employs 424 people — $364K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 July 2026 · market figures as at 15 Oct 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.$1.2B
22
AMPXAmprius Technologies, Inc.$1.2B
52
TET1 Energy, Inc.$854.1M
25
ENREnergizer Holdings, Inc.$1.5B
50
PLPCPreformed Line Products Co.$1.8B
90
ADSEADS-TEC Energy Plc$695.5M
37
EOSEEos Energy Enterprises, Inc.$688.7M
7

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

FuelCell (NASDAQ: FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% - HBSS

GlobeNewsWire · 14 Oct 2026negative

Hagens Berman said a securities class action has been filed involving FuelCell Energy and reminded investors they have until November 10, 2026, to seek appointment as lead plaintiff. The headline says the stock is down 15% amid scrutiny of the company’s energy disclosures.

Why it matters — The lawsuit and scrutiny of FuelCell’s disclosures are developments relevant to investors following the company.

FCEL Investors Have Opportunity to Lead FuelCell Energy, Inc. Securities Fraud Lawsuit

PRNewsWire · 12 Oct 2026negative

Rosen Law Firm reminded purchasers of FuelCell Energy securities from June 24 through September 1, 2026, of a November 10, 2026 deadline to seek lead plaintiff status in a securities fraud lawsuit. The firm said eligible purchasers may be entitled to compensation through a contingency fee arrangement.

Why it matters — FCEL investors who purchased during the stated period may want to note the lawsuit deadline and the firm's notice about potential compensation.

FAQ

Frequently asked questions about FCEL stock

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

The 11 Wall Street analysts covering FuelCell Energy, Inc. have a median 12-month price target of $21, 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 11 analysts covering FuelCell Energy, Inc., 6 rate it a Buy, 3 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks FuelCell Energy, Inc. 22 out of 100 across roughly 4,600 US stocks as at 14 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FCEL?

As at 14 Oct 2026, FuelCell Energy, Inc. ranks 22 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 Momentum (74 of 100).

Will FCEL stock go up?

No one can know that. What the data says: the median 12-month target from 11 analysts implies +48.3% from the last close, and Ticker Nerd's factor model ranks FuelCell Energy, Inc. 22 out of 100 as at 14 Oct 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 +23.9% over the 12 months to 14 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does FuelCell Energy, Inc. do?

FuelCell Energy Inc. is a clean energy technology company that develops and services high-temperature fuel cell systems for on-site power generation.

What is the latest news on FCEL?

The most recent item we track (GlobeNewsWire, 14 Oct 2026): "FuelCell (NASDAQ: FCEL) Scrutinized Over Fit Energy Disclosures Driving Stock Down 15% - HBSS". Hagens Berman said a securities class action has been filed involving FuelCell Energy and reminded investors they have until November 10, 2026, to seek appointment as lead plaintiff. The headline says the stock is down 15% amid scrutiny of the company’s energy disclosures.

Company

About FuelCell Energy, Inc.

FuelCell Energy Inc. is a clean energy technology company that develops and services high-temperature fuel cell systems for on-site power generation. The company’s commercial offerings include carbonate fuel cell platforms that produce electricity with low emissions and high efficiency, along with solutions for distributed hydrogen production and electrolysis. FuelCell Energy Inc. also provides engineering, installation, operation, and maintenance services, positioning itself as a full-service energy solutions provider rather than a standalone equipment supplier. Its systems are used by utilities, industrial facilities, data centers, and other commercial customers that require reliable baseload power and lower-carbon energy infrastructure. The company operates in markets focused on clean electricity, hydrogen, and emissions management, making it a notable participant in the transition toward distributed and decentralized energy systems.

CEO Mr. Jason B. Few · 424 employees · United States · https://www.fuelcellenergy.com