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FuelCell Energy (FCEL) Stock Forecast, Price Target & Predictions

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FCEL Stock Forecast

FuelCell Energy (FCEL) stock forecast, based on 20 Wall Street analysts, predicts a 12-month average price target of $21.57, with a high of $30.00 and a low of $8.00. This represents a 86.27% increase from the last price of $11.58.

$5 $12 $19 $26 $33 $40 High: $30 Avg: $21.57 Low: $8 Last Closed Price: $11.58

FCEL Stock Rating

FuelCell Energy stock's rating consensus is Hold, based on 20 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 8 Buy (40.00%), 10 Hold (50.00%), 2 Sell (10.00%), and 0 Strong Sell (0.00%).

Hold
Total 20 0 2 10 8 Strong Sell Sell Hold Buy Strong Buy

FCEL Price Target Upside V Benchmarks

TypeNameUpside
StockFuelCell Energy86.27%
SectorIndustrials Stocks 17.81%
IndustryElectrical Equipment Stocks48.72%

Price Target Trends

1M3M12M
# Anlaysts2413
Avg Price Target$22.00$21.50$18.40
Last Closing Price$11.58$11.58$11.58
Upside/Downside89.98%85.66%58.89%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 26-641112
Sep, 26-42118
Aug, 26-42118
Jul, 26-33118
Jun, 26--6118
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 29, 2026Oppenheimer$24.00$16.1448.70%107.25%
Sep 24, 2026Barclays$20.00$17.1816.41%72.71%
Sep 09, 2026Craig-Hallum$22.00$17.1228.50%89.98%
Sep 08, 2026Jefferies$20.00$16.4821.36%72.71%
Jul 14, 2026Manav GuptaUBS$27.00$19.0841.51%133.16%
Jun 26, 2026Jefferies$24.00$19.6522.14%107.25%
Jun 26, 2026Manav GuptaUBS$22.00$19.6511.96%89.98%
Jun 16, 2026Wells Fargo$8.00$17.50-54.29%-30.92%
Jun 10, 2026Dushyant AilaniJefferies$16.00$17.02-5.99%38.17%
Jun 09, 2026George GianarikasCanaccord Genuity$30.00$15.5093.55%159.07%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Sep 29, 2026OppenheimerOutperforminitialise
Sep 15, 2026CitigroupNeutralinitialise
Sep 09, 2026Craig-HallumHoldBuyinitialise
Sep 08, 2026KeyBancSector WeightSector Weighthold
Sep 03, 2026JefferiesBuyBuyhold
Jul 14, 2026Piper SandlerOverweightupgrade
Jul 14, 2026UBSNeutralBuyupgrade
Jun 29, 2026B. RileyNeutralBuyupgrade
Jun 26, 2026JefferiesHoldBuyupgrade
Jun 26, 2026UBSNeutralNeutralhold

Financial Forecast

EPS Forecast

$-9 $-8 $-7 $-6 $-5 $-4 $-3 $-2 $-1 $0 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28Oct 29
Reported$-0.31$-0.39$-0.26$-0.53$-7.42----
Avg Forecast$-0.27$-0.18$-6.69$-7.48$-5.29$-4.09$-3.61$-2.07$-1.24
High Forecast$-0.23$-0.15$-5.35$-7.17$-3.63$-1.26$-2.88$-1.32$-0.79
Low Forecast$-0.33$-0.21$-8.04$-7.80$-6.89$-5.90$-4.34$-2.50$-1.50
Surprise %14.81%116.67%-96.11%-92.91%40.26%----

Revenue Forecast

$50M $140M $230M $320M $410M $500M Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28Oct 29
Reported$69.58M$130.48M$123.39M$112.13M-----
Avg Forecast$76.92M$90.40M$126.08M$102.40M$176.56M$189.52M$201.41M$304.12M$387.23M
High Forecast$89.58M$108.48M$126.99M$103.10M$186.62M$240.00M$201.43M$353.60M$450.23M
Low Forecast$68.03M$72.32M$125.06M$101.87M$157.11M$139.03M$201.40M$220.14M$280.30M
Surprise %-9.54%44.34%-2.13%9.51%-----

Net Income Forecast

$-200M $-160M $-120M $-80M $-40M $0 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28Oct 29
Reported$-101.03M$-147.23M$-107.57M$-126.01M$-191.10M----
Avg Forecast$-124.23M$-101.45M$-110.77M$-123.51M$-86.78M$-59.03M$-59.60M$-34.08M$-20.38M
High Forecast$-99.38M$-81.16M$-88.61M$-118.28M$-59.89M$-20.74M$-47.57M$-21.85M$-13.07M
Low Forecast$-149.07M$-121.74M$-132.92M$-128.74M$-113.68M$-97.32M$-71.62M$-41.29M$-24.70M
Surprise %-18.68%45.13%-2.89%2.02%120.20%----

FCEL Forecast FAQ

Is FuelCell Energy stock a buy?

FuelCell Energy stock has a consensus rating of Hold, based on 20 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 8 Buy, 10 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that FuelCell Energy is a neutral investment for most analysts.

What is FuelCell Energy's price target?

FuelCell Energy's price target, set by 20 Wall Street analysts, averages $21.57 over the next 12 months. The price target range spans from $8 at the low end to $30 at the high end, suggesting a potential 86.27% change from the previous closing price of $11.58.

How does FuelCell Energy stock forecast compare to its benchmarks?

FuelCell Energy's stock forecast shows a 86.27% upside, outperforming the average forecast for the industrials stocks sector (17.81%) and outperforming the electrical equipment stocks industry (48.72%).

What is the breakdown of analyst ratings for FuelCell Energy over the past three months?

  • October 2026: 0% Strong Buy, 50.00% Buy, 33.33% Hold, 8.33% Sell, 8.33% Strong Sell.
  • September 2026: 0% Strong Buy, 50.00% Buy, 25.00% Hold, 12.50% Sell, 12.50% Strong Sell.
  • August 2026: 0% Strong Buy, 50.00% Buy, 25.00% Hold, 12.50% Sell, 12.50% Strong Sell.

What is FuelCell Energy’s EPS forecast?

FuelCell Energy's average annual EPS forecast for its fiscal year ending in October 2026 is $-4.09, marking a -44.88% decrease from the reported $-7.42 in 2025. Estimates for the following years are $-3.61 in 2027, $-2.07 in 2028, and $-1.24 in 2029.

What is FuelCell Energy’s revenue forecast?

FuelCell Energy's average annual revenue forecast for its fiscal year ending in October 2026 is $189.52M, reflecting a 0% decrease from the reported $0 in 2025. The forecast for 2027 is $201.41M, followed by $304.12M for 2028, and $387.23M for 2029.

What is FuelCell Energy’s net income forecast?

FuelCell Energy's net income forecast for the fiscal year ending in October 2026 stands at $-59.032M, representing a -69.11% decrease from the reported $-191M in 2025. Projections indicate $-59.598M in 2027, $-34.083M in 2028, and $-20.384M in 2029.