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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 $7.25, with a high of $7.25 and a low of $7.25. This represents a -17.14% decline from the last price of $8.75.

- $3 $6 $9 $12 $15 High: $7.25 Avg: $7.25 Low: $7.25 Last Closed Price: $8.75

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%), 4 Buy (21.05%), 13 Hold (68.42%), 2 Sell (10.53%), and 0 Strong Sell (0.00%).

Hold
Total 19 0 2 13 4 Strong Sell Sell Hold Buy Strong Buy

FCEL Price Target Upside V Benchmarks

TypeNameUpside
StockFuelCell Energy-17.14%
SectorIndustrials Stocks 18.94%
IndustryElectrical Equipment Stocks12.03%

Price Target Trends

1M3M12M
# Anlaysts-11
Avg Price Target-$7.25$7.25
Last Closing Price$8.75$8.75$8.75
Upside/Downside--17.14%-17.14%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Dec, 25--6118
Nov, 25--6118
Oct, 25--6118
Sep, 25--6118
Aug, 25--6118
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 17, 2025UBS$7.25$7.65-5.23%-17.14%
Sep 05, 2024Jed DorsheimerCanaccord Genuity$37.20$12.43199.28%325.14%
Jun 11, 2024Ryan PfingstB.Riley Financial$45.00$27.0666.30%414.29%
Jun 10, 2024Jed DorsheimerCanaccord Genuity$45.00$29.3753.22%414.29%
Dec 14, 2022Manav GuptaUBS$115.50$113.202.03%1220.00%
Jun 10, 2022Eric StineCraig-Hallum$90.00$111.45-19.25%928.57%
Mar 25, 2022Jeffrey OsborneCowen & Co.$172.50$186.60-7.56%1871.43%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
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
Apr 26, 2022Zacks Investment ResearchHoldupgrade
Jan 05, 2022KeyBancSector Weightinitialise
Dec 30, 2021Craig-HallumHoldupgrade

Financial Forecast

EPS Forecast

$-9 $-8 $-7 $-6 $-5 $-4 $-3 $-2 $-1 $0 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28Oct 29
Reported$-0.30$-0.38$-0.26$-0.01-----
Avg Forecast$-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 %11.11%111.11%-96.11%-99.87%-----

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

$-150M $-120M $-90M $-60M $-30M $0 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29
Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27Oct 28Oct 29
Reported$-101.03M$-147.23M$-107.57M$-129.21M-----
Avg Forecast$-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%4.61%-----

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, 4 Buy, 13 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 $7.25 over the next 12 months. The price target range spans from $7.25 at the low end to $7.25 at the high end, suggesting a potential -17.14% change from the previous closing price of $8.75.

How does FuelCell Energy stock forecast compare to its benchmarks?

FuelCell Energy's stock forecast shows a -17.14% downside, underperforming the average forecast for the industrials stocks sector (18.94%) and underperforming the electrical equipment stocks industry (12.03%).

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

  • 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.
  • October 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 2025 is $-5.29, marking a 52800.00% increase from the reported $-0.01 in 2024. Estimates for the following years are $-4.09 in 2026, $-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 2025 is $176.56M, reflecting a 57.46% increase from the reported $112.13M in 2024. The forecast for 2026 is $189.52M, followed by $201.41M for 2027, $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 2025 stands at $-86.784M, representing a -32.83% decrease from the reported $-129M in 2024. Projections indicate $-59.032M in 2026, $-59.598M in 2027, $-34.083M in 2028, and $-20.384M in 2029.