FuelCell Energy Stock Forecast

Stock Price Forecast

The 3 analysts that cover FuelCell Energy stock have a consensus rating of "Hold" and an average price target of $9.08, which forecasts a -10.37% decrease in the stock price over the next year. The lowest target is $7.25 and the highest is $12.

Price Target: $9.08 (-10.37%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$7.25	$9.08	$8.00	$12
Change	-28.43%	-10.37%	-21.03%	+18.46%

* Price targets were last updated on Dec 19, 2025.

Analyst Ratings

The average analyst rating for FuelCell Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	5	4	4	4	4	3
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	6	5	5	5	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $12	Hold	Maintains	$12	+18.46%	Dec 19, 2025
Manav Gupta UBS	UBS	Hold Maintains $4.5 → $7.25	Hold	Maintains	$4.5 → $7.25	-28.43%	Sep 17, 2025
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $12	Hold	Maintains	$12	+18.46%	Sep 15, 2025
Christopher Souther B. Riley Securities	B. Riley Securities	Hold Maintains $9 → $8	Hold	Maintains	$9 → $8	-21.03%	Jun 13, 2025
Manav Gupta UBS	UBS	Hold Maintains $14 → $4.5	Hold	Maintains	$14 → $4.5	-55.58%	Apr 13, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

185.99M

from 158.16M

17.59%

from 158.16M

Revenue Next Year

250.77M

from 185.99M

34.83%

from 185.99M

EPS This Year

-2.40

from -7.42

EPS Next Year

-2.30

from -2.40

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026	Oct 31, 2027
Revenue	69.59M	130.48M	123.39M	112.13M	158.16M	185.99M	250.77M
Revenue Growth	-1.82%	87.52%	-5.43%	-9.13%	41.05%	17.59%	34.83%
EPS	-9.34	-11.43	-7.92	-7.83	-7.42	-2.40	-2.30
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	9	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	217.9M	333.4M
Avg	186.0M	250.8M
Low	155.7M	170.3M

Revenue Growth

Revenue Growth	2026	2027
High	37.8%	79.3%
Avg	17.6%	34.8%
Low	-1.5%	-8.5%

EPS Forecast

EPS	2026	2027
High	-2.28	-1.54
Avg	-2.40	-2.30
Low	-2.64	-2.87

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.