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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 19 Wall Street analysts, predicts a 12-month average price target of $8.75, with a high of $12.00 and a low of $7.00. This represents a -3.74% decline from the last price of $9.09.

- $3 $6 $9 $12 $15 High: $12 Avg: $8.75 Low: $7 Last Closed Price: $9.09

FCEL Stock Rating

FuelCell Energy stock's rating consensus is Hold, based on 19 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (26.32%), 12 Hold (63.16%), 2 Sell (10.53%), and 0 Strong Sell (0.00%).

Hold
Total 19 0 2 12 5 Strong Sell Sell Hold Buy Strong Buy

FCEL Price Target Upside V Benchmarks

TypeNameUpside
StockFuelCell Energy-3.74%
SectorIndustrials Stocks 17.81%
IndustryElectrical Equipment Stocks10.59%

Price Target Trends

1M3M12M
# Anlaysts-23
Avg Price Target-$9.50$8.75
Last Closing Price$9.09$9.09$9.09
Upside/Downside-4.51%-3.74%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 26--6118
Dec, 25--6118
Nov, 25--6118
Oct, 25--6118
Sep, 25--6118
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 22, 2025Wells Fargo$7.00$8.34-16.07%-22.99%
Dec 19, 2025Jed DorsheimerCanaccord Genuity$12.00$9.6424.48%32.01%
Sep 17, 2025UBS$7.25$7.65-5.23%-20.24%
Sep 05, 2024Jed DorsheimerCanaccord Genuity$37.20$12.43199.28%309.24%
Jun 11, 2024Ryan PfingstB.Riley Financial$45.00$27.0666.30%395.05%
Jun 10, 2024Jed DorsheimerCanaccord Genuity$45.00$29.3753.22%395.05%
Dec 14, 2022Manav GuptaUBS$115.50$113.202.03%1170.63%
Jun 10, 2022Eric StineCraig-Hallum$90.00$111.45-19.25%890.10%
Mar 25, 2022Jeffrey OsborneCowen & Co.$172.50$186.60-7.56%1797.69%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Dec 22, 2025Wells FargoUnderweightUnderweighthold
Dec 19, 2025KeyBancSector WeightSector Weighthold
Dec 19, 2025Canaccord GenuityHoldHoldhold
Sep 17, 2025UBSNeutralNeutralhold
Jun 06, 2025Cowen & Co.HoldHoldhold
Sep 05, 2024Canaccord GenuityHoldHoldhold
Jun 11, 2024Cowen & Co.HoldHoldhold
Jun 10, 2024Canaccord GenuityHoldHoldhold
Dec 14, 2022UBSNeutralinitialise
Jun 10, 2022Craig-HallumHoldHoldhold

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 19 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 12 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 19 Wall Street analysts, averages $8.75 over the next 12 months. The price target range spans from $7 at the low end to $12 at the high end, suggesting a potential -3.74% change from the previous closing price of $9.09.

How does FuelCell Energy stock forecast compare to its benchmarks?

FuelCell Energy's stock forecast shows a -3.74% downside, underperforming the average forecast for the industrials stocks sector (17.81%) and underperforming the electrical equipment stocks industry (10.59%).

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

  • January 2026: 0% Strong Buy, 0% Buy, 75.00% Hold, 12.50% Sell, 12.50% Strong Sell.
  • December 2025: 0% Strong Buy, 0% Buy, 75.00% Hold, 12.50% Sell, 12.50% Strong Sell.
  • November 2025: 0% Strong Buy, 0% Buy, 75.00% 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.