FuelCell Energy, Inc. (FCEL)

FuelCell Energy Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, FuelCell Energy stock has a consensus rating of "Hold" and an average price target of $8.24. The average 1-year stock price forecast is 61.96% lower than the current stock price, while the lowest is $6.00 (-72.30%) and the highest is $12 (-44.60%).

Price Target: $8.24 (-61.96%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$6.00	$8.24	$7.63	$12
Change	-72.30%	-61.96%	-64.77%	-44.60%

* Price targets were last updated on Mar 12, 2026.

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	6	6	6	6	6	6
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	8	8	8	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ryan Pfingst B. Riley Securities	B. Riley Securities	Hold Maintains $8	Hold	Maintains	$8	-63.07%	Mar 12, 2026
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $12	Hold	Maintains	$12	-44.60%	Mar 10, 2026
Praneeth Satish Wells Fargo	Wells Fargo	Sell Maintains $7 → $6	Sell	Maintains	$7 → $6	-72.30%	Mar 10, 2026
Jeff Osborne TD Cowen	TD Cowen	Hold Maintains $9	Hold	Maintains	$9	-58.45%	Mar 9, 2026
Sangita Jain KeyBanc	KeyBanc	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Dec 19, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

165.71M

Increased by 4.77%

from 158.16M

Revenue Next Year

236.07M

Increased by 42.46%

from 165.71M

EPS This Year

-2.11

from -7.42

EPS Next Year

-1.86

from -2.11

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	165.71M	236.07M
Revenue Growth	-1.82%	87.52%	-5.43%	-9.13%	41.05%	4.77%	42.46%
EPS	-9.34	-11.43	-7.92	-7.83	-7.42	-2.11	-1.86
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	9	9

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031
High	190.1M	306.5M
Avg	165.7M	236.1M
Low	139.3M	178.2M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031
High	20.2%	85.0%
Avg	4.8%	42.5%
Low	-11.9%	7.6%

EPS Forecast

EPS	2026	2027	2028
High	-1.81	-1.46
Avg	-2.11	-1.86
Low	-2.17	-2.38

EPS Growth

EPS Growth	2026	2027	2028
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.