Fuelcell Energy Inc's stock price surged by 29.11%, reaching a 20-day high, as the broader market showed strength with the Nasdaq-100 up 1.56% and the S&P 500 up 0.99%.
This increase is attributed to the company's earnings report, where Fuelcell Energy surpassed revenue and profit expectations, reporting a non-GAAP EPS of -$0.83, beating estimates by $0.20, and revenue of $55 million, exceeding estimates by $7.78 million. However, there remains skepticism about the company's long-term success, with some analysts recommending a sell amid concerns about the sustainability of enthusiasm surrounding AI data centers.
The strong earnings performance indicates potential growth for Fuelcell Energy, but the mixed analyst sentiment suggests that investors should remain cautious as the market continues to evaluate the company's future prospects.
Wall Street analysts forecast FCEL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCEL is 9.33 USD with a low forecast of 7.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast FCEL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCEL is 9.33 USD with a low forecast of 7.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
3 Hold
1 Sell
Hold
Current: 9.630
Low
7.00
Averages
9.33
High
12.00
Current: 9.630
Low
7.00
Averages
9.33
High
12.00
Wells Fargo
Underweight
maintain
$5 -> $7
2025-12-21
Reason
Wells Fargo
Price Target
$5 -> $7
AI Analysis
2025-12-21
maintain
Underweight
Reason
Wells Fargo raised the firm's price target on FuelCell to $7 from $5 and keeps an Underweight rating on the shares. The company's fiscal Q4 results beat estimates and FuelCell continues to raise production, the analyst tells investors in a research note. Wells cites the company's "long pathway" to profitability and ongoing equity issuance for the sell rating.
UBS
Neutral
maintain
2025-09-17
Reason
UBS
Price Target
2025-09-17
maintain
Neutral
Reason
UBS raised the firm's price target on FuelCell to $7.25 from $4.50 and keeps a Neutral rating on the shares. FuelCell's Q3 results highlighted a 4% increase in backlog from Korean contracts and a focus on leveraging large-scale deployments to engage prospective data center customers, the analyst tells investors in a research note. While more deals should pick up in 2026 and onwards, tough macroeconomic conditions still have hydrogen projects in limbo across the country and have spread a negative sector outlook, UBS says.
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B. Riley
Neutral
downgrade
$9 -> $8
2025-06-13
Reason
B. Riley
Price Target
$9 -> $8
2025-06-13
downgrade
Neutral
Reason
B. Riley lowered the firm's price target on FuelCell to $8 from $9 and keeps a Neutral rating on the shares. The firm reduced estimates modestly post the company's fiscal Q2 report. FuelCell reduced its workforce by 22% and now seeks to reduce spending by 30% on an annualized basis compared to fiscal 2024, the analyst tells investors in a research note.
TD Cowen
Jeff Osborne
Hold
downgrade
$12 -> $7
2025-06-06
Reason
TD Cowen
Jeff Osborne
Price Target
$12 -> $7
2025-06-06
downgrade
Hold
Reason
TD Cowen analyst Jeff Osborne lowered the firm's price target on FuelCell to $7 from $12 and keeps a Hold rating on the shares. The company's Q2 missed expectations, but management announced more restructuring actions to reduce spending by 30% on an annualized basis, the analyst tells investors in a research note. The firm is "encouraged" by FuelCell "going back to basics" but cut the price target citing less visibility.
About FCEL
FuelCell Energy, Inc. is engaged in delivering distributed baseload energy platform solutions through its proprietary fuel cell technology. It develops commercial technologies that produce clean electricity, heat, clean hydrogen, and water. Its commercial product portfolio is based on its carbonate electrochemical platform. Its carbonate electrochemical platform supports power generation and combined heat and power applications using a variety of fuels, including a 50/50 blend of hydrogen and natural gas or biogas blends, biogas, renewable natural gas, and natural gas. It offers its products in different configurations for a range of power and chemical applications, including electricity, hydrogen, heat (including steam), water and carbon-di-oxide (CO2) upgradable to food and beverage grade and/or usable in cement or other industrial products, and to concentrate and separate CO2 from fossil-fueled industrial applications allowing the sequestration and/or utilization of the CO2.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
