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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 $22.25, with a high of $30.00 and a low of $8.00. This represents a -4.51% decline from the last price of $23.30.

- $6 $12 $18 $24 $30 High: $30 Avg: $22.25 Low: $8 Last Closed Price: $23.3

FCEL Stock Rating

FuelCell Energy stock's rating consensus is Buy, based on 20 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 9 Buy (45.00%), 9 Hold (45.00%), 2 Sell (10.00%), and 0 Strong Sell (0.00%).

Buy
Total 20 0 2 9 9 Strong Sell Sell Hold Buy Strong Buy

FCEL Price Target Upside V Benchmarks

TypeNameUpside
StockFuelCell Energy-4.51%
SectorIndustrials Stocks 17.81%
IndustryElectrical Equipment Stocks21.46%

Price Target Trends

1M3M12M
# Anlaysts3610
Avg Price Target$24.33$21.17$16.04
Last Closing Price$23.30$23.30$23.30
Upside/Downside4.42%-9.14%-31.16%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jul, 26-33118
Jun, 26--6118
May, 26--6118
Apr, 26--6118
Mar, 26--6118
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 14, 2026Manav GuptaUBS$27.00$19.0841.51%15.88%
Jun 26, 2026Jefferies$24.00$19.6522.14%3.00%
Jun 26, 2026Manav GuptaUBS$22.00$19.6511.96%-5.58%
Jun 16, 2026Wells Fargo$8.00$17.50-54.29%-65.67%
Jun 10, 2026Dushyant AilaniJefferies$16.00$17.02-5.99%-31.33%
Jun 09, 2026George GianarikasCanaccord Genuity$30.00$15.5093.55%28.76%
Mar 10, 2026Lloyd ByrneJefferies$7.20$7.160.56%-69.10%
Dec 22, 2025Wells Fargo$7.00$8.34-16.07%-69.96%
Dec 19, 2025Jed DorsheimerCanaccord Genuity$12.00$9.6424.48%-48.50%
Sep 17, 2025UBS$7.25$7.65-5.23%-68.88%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jul 14, 2026Piper SandlerOverweightupgrade
Jul 14, 2026UBSNeutralBuyupgrade
Jun 29, 2026B. RileyNeutralBuyupgrade
Jun 26, 2026JefferiesHoldBuyupgrade
Jun 26, 2026UBSNeutralNeutralhold
Jun 16, 2026Wells FargoUnderweightUnderweighthold
Jun 10, 2026JefferiesHoldHoldhold
Jun 09, 2026KeyBancSector WeightSector Weighthold
Jun 09, 2026B. RileyNeutralNeutralhold
Jun 09, 2026Cowen & Co.HoldHoldhold

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 Buy, based on 20 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 9 Buy, 9 Hold, 2 Sell, and 0 Strong Sell, reflecting a consensus that FuelCell Energy is a favorable investment for most analysts.

What is FuelCell Energy's price target?

FuelCell Energy's price target, set by 20 Wall Street analysts, averages $22.25 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 -4.51% change from the previous closing price of $23.3.

How does FuelCell Energy stock forecast compare to its benchmarks?

FuelCell Energy's stock forecast shows a -4.51% downside, underperforming the average forecast for the industrials stocks sector (17.81%) and underperforming the electrical equipment stocks industry (21.46%).

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

  • July 2026: 0% Strong Buy, 37.50% Buy, 37.50% Hold, 12.50% Sell, 12.50% Strong Sell.
  • June 2026: 0% Strong Buy, 0% Buy, 75.00% Hold, 12.50% Sell, 12.50% Strong Sell.
  • May 2026: 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.