FuelCell Energy (FCEL) Stock Forecast, Price Target & Predictions

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FCEL Stock Forecast

FuelCell Energy stock forecast is as follows: an average price target of $3.07 (represents a -48.49% downside from FCEL’s last price of $5.96) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

FCEL Price Target

The average price target for FuelCell Energy (FCEL) is $3.07 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $5.75 to $1.25. This represents a potential -48.49% downside from FCEL's last price of $5.96.

FCEL Analyst Ratings

Hold

According to 9 Wall Street analysts, FuelCell Energy's rating consensus is 'Hold'. The analyst rating breakdown for FCEL stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 8 'Hold' (88.89%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

FuelCell Energy Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 05, 2024	Jed Dorsheimer	Canaccord Genuity	$1.25	$0.42	198.54%	-79.03%
Jun 11, 2024	Ryan Pfingst	B.Riley Financial	$1.50	$0.90	66.30%	-74.83%
Jun 10, 2024	Jed Dorsheimer	Canaccord Genuity	$1.50	$0.98	53.20%	-74.83%
Dec 14, 2022	Manav Gupta	UBS	$3.85	$3.77	2.03%	-35.40%
Jun 10, 2022	Eric Stine	Craig-Hallum	$3.00	$3.71	-19.25%	-49.66%
Mar 25, 2022	Jeffrey Osborne	Cowen & Co.	$5.75	$6.22	-7.56%	-3.52%

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The latest FuelCell Energy stock forecast, released on Sep 05, 2024 by Jed Dorsheimer from Canaccord Genuity, set a price target of $1.25, which represents a 198.54% increase from the stock price at the time of the forecast ($0.42), and a -79.03% decrease from FCEL last price ($5.96).

FuelCell Energy Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	3
Avg Price Target	-	$1.25	$1.42
Last Closing Price	$5.96	$5.96	$5.96
Upside/Downside	-100.00%	-79.03%	-76.17%

In the current month, the average price target of FuelCell Energy stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to FuelCell Energy's last price of $5.96. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 05, 2024	Canaccord Genuity	Hold	Hold	Hold
Jun 11, 2024	Cowen & Co.	Hold	Hold	Hold
Jun 10, 2024	Canaccord Genuity	Hold	Hold	Hold
Dec 14, 2022	UBS	-	Neutral	Initialise
Jun 10, 2022	Craig-Hallum	Hold	Hold	Hold
Apr 26, 2022	Zacks Investment Research	-	Hold	Upgrade
Jan 05, 2022	KeyBanc	-	Sector Weight	Initialise
Dec 30, 2021	Craig-Hallum	-	Hold	Upgrade
May 01, 2021	Wells Fargo	-	Underweight	Initialise
Apr 16, 2021	B. Riley	-	Neutral	Initialise

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FuelCell Energy's last stock rating was published by Canaccord Genuity on Sep 05, 2024. The company gave FCEL a "Hold" rating, the same as its previous rate.

FuelCell Energy Financial Forecast

FuelCell Energy Revenue Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	$16.69M	$22.46M	$25.51M	-	$37.07M	$39.20M	$43.10M	-	$31.80M	$13.94M	$26.82M	-	$14.88M	$17.00M	$18.73M	-	$16.26M	$11.04M	$22.71M
Avg Forecast	$41.60M	$43.99M	$38.30M	$44.98M	$47.37M	$46.53M	$42.56M	$38.33M	$39.62M	$22.63M	$21.31M	$25.74M	$25.02M	$27.68M	$25.49M	$26.85M	$45.80M	$35.81M	$32.58M	$26.27M	$21.77M	$20.63M	$18.91M	$22.11M	$16.04M	$16.05M	$15.55M	$14.91M	$11.51M	$9.75M
High Forecast	$42.63M	$45.08M	$39.25M	$46.10M	$48.54M	$47.68M	$43.61M	$38.58M	$40.30M	$23.13M	$21.31M	$25.83M	$25.89M	$28.37M	$26.13M	$27.52M	$49.25M	$38.50M	$35.03M	$28.25M	$23.41M	$22.19M	$20.34M	$23.78M	$17.25M	$17.26M	$16.72M	$16.04M	$12.38M	$10.48M
Low Forecast	$40.91M	$43.26M	$37.67M	$44.24M	$46.59M	$45.76M	$41.86M	$38.08M	$39.09M	$22.13M	$21.31M	$25.65M	$24.05M	$27.23M	$25.08M	$26.41M	$42.32M	$33.08M	$30.10M	$24.27M	$20.11M	$19.06M	$17.47M	$20.43M	$14.82M	$14.83M	$14.37M	$13.78M	$10.64M	$9.01M
# Analysts	1	1	1	1	1	1	1	2	4	2	2	3	6	3	3	3	3	3	3	3	3	3	3	3	8	5	4	8	6	3
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.65%	0.90%	0.92%	-	1.38%	0.86%	1.20%	-	1.21%	0.64%	1.30%	-	0.67%	1.06%	1.17%	-	1.09%	0.96%	2.33%

FuelCell Energy's average Quarter revenue forecast for May 24 based on 2 analysts is $21.31M, with a low forecast of $21.31M, and a high forecast of $21.31M. FCEL's average Quarter revenue forecast represents a 27.70% increase compared to the company's last Quarter revenue of $16.69M (Jan 24).

FuelCell Energy EBITDA Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	4	2	2	3	6	3	3	3	3	3	3	3	3	3	3	3	8	5	4	8	6	3
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$-42.48M	$-36.38M	$-41.40M	-	$-19.00M	$-40.05M	$-26.86M	-	$-38.92M	$-16.57M	$-5.93M	-	$-10.68M	$-11.26M	$-6.54M	-	$2.02M	$-28.31M	$2.17M
Avg Forecast	$-36.79M	$-38.90M	$-33.88M	$-39.78M	$-41.89M	$-41.15M	$-37.64M	$-33.90M	$-35.04M	$-20.02M	$-47.80M	$-22.77M	$-22.13M	$-24.48M	$-43.45M	$-20.46M	$-40.51M	$-31.67M	$-46.47M	$-23.24M	$-19.25M	$-18.25M	$-59.55M	$-19.55M	$-14.19M	$-14.19M	$-17.72M	$-13.19M	$-10.18M	$-8.62M
High Forecast	$-36.18M	$-38.26M	$-33.32M	$-39.13M	$-41.20M	$-40.48M	$-37.02M	$-33.68M	$-34.57M	$-19.57M	$-38.24M	$-22.69M	$-21.27M	$-24.08M	$-34.76M	$-16.37M	$-37.43M	$-29.26M	$-37.18M	$-21.47M	$-17.79M	$-16.86M	$-47.64M	$-18.07M	$-13.11M	$-13.11M	$-14.18M	$-12.19M	$-9.41M	$-7.97M
Low Forecast	$-37.70M	$-39.87M	$-34.72M	$-40.77M	$-42.93M	$-42.17M	$-38.57M	$-34.12M	$-35.64M	$-20.46M	$-57.36M	$-22.84M	$-22.90M	$-25.09M	$-52.14M	$-24.55M	$-43.56M	$-34.06M	$-55.77M	$-24.99M	$-20.71M	$-19.62M	$-71.46M	$-21.03M	$-15.26M	$-15.26M	$-21.27M	$-14.18M	$-10.95M	$-9.27M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.87%	1.64%	1.69%	-	0.93%	0.99%	0.85%	-	1.67%	0.86%	0.32%	-	0.55%	0.79%	0.46%	-	-0.15%	2.78%	-0.25%

4 analysts predict FCEL's average Quarter EBITDA for May 20 to be $-17.72M, with a high of $-14.18M and a low of $-21.27M. This is -976.95% lower than FuelCell Energy's previous annual EBITDA (Jan 20) of $2.02M.

FuelCell Energy Net Income Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	4	2	2	3	6	3	3	3	3	3	3	3	3	3	3	3	8	5	4	8	6	3
Net Income	-	-	-	-	-	-	-	-	-	-	-	$-19.79M	$-31.16M	$-25.08M	-	$-21.09M	$-42.01M	$-28.98M	-	$-40.62M	$-24.15M	$-12.00M	-	$-73.09M	$-18.86M	$-15.33M	-	$-40.15M	$-35.18M	$-5.31M
Avg Forecast	$-415.71M	$-420.01M	$-437.39M	$-442.19M	$-685.54M	$-718.95M	$-761.73M	$-704.70M	$-930.47M	$-1.10B	$-47.43M	$-1.15B	$-1.35B	$-1.16B	$-43.12M	$-28.22M	$-32.50M	$-28.72M	$-46.12M	$-25.16M	$-14.47M	$-27.95M	$-72.39M	$-21.80M	$-21.80M	$-31.87M	$-22.08M	$-40.25M	$-55.35M	$-530.86M
High Forecast	$-406.83M	$-411.04M	$-428.04M	$-432.75M	$-670.89M	$-703.59M	$-745.46M	$-648.19M	$-775.39M	$-1.08B	$-37.95M	$-1.13B	$-1.29B	$-1.14B	$-34.50M	$-22.58M	$-29.29M	$-25.88M	$-36.90M	$-22.67M	$-13.04M	$-25.19M	$-57.91M	$-19.65M	$-19.65M	$-28.72M	$-17.67M	$-36.27M	$-49.88M	$-478.38M
Low Forecast	$-429.13M	$-433.57M	$-451.51M	$-456.47M	$-707.67M	$-742.17M	$-786.33M	$-761.21M	$-1.09B	$-1.13B	$-56.92M	$-1.19B	$-1.41B	$-1.20B	$-51.75M	$-33.86M	$-35.68M	$-31.54M	$-55.34M	$-27.63M	$-15.88M	$-30.69M	$-86.86M	$-23.94M	$-23.94M	$-34.99M	$-26.50M	$-44.20M	$-60.77M	$-582.89M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.02%	0.02%	0.02%	-	0.75%	1.29%	1.01%	-	1.61%	1.67%	0.43%	-	3.35%	0.86%	0.48%	-	1.00%	0.64%	0.01%

FuelCell Energy's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. FCEL's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

FuelCell Energy SG&A Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	4	2	2	3	6	3	3	3	3	3	3	3	3	3	3	3	8	5	4	8	6	3
SG&A	-	-	-	-	-	-	-	-	-	-	-	$16.40M	$16.89M	$17.56M	-	$15.01M	$15.26M	$14.16M	-	$36.97M	$10.68M	$8.66M	-	$8.93M	$7.60M	$6.61M	-	$5.27M	$8.25M	$7.06M
Avg Forecast	$21.46M	$22.69M	$19.76M	$23.20M	$24.43M	$24.00M	$21.95M	$19.77M	$20.43M	$11.67M	$10.99M	$13.28M	$12.91M	$14.28M	$13.15M	$12.47M	$23.62M	$18.47M	$16.80M	$13.55M	$11.23M	$10.64M	$14.07M	$11.40M	$8.28M	$8.28M	$2.90M	$7.69M	$5.94M	$5.03M
High Forecast	$21.99M	$23.25M	$20.25M	$23.78M	$25.04M	$24.60M	$22.50M	$19.90M	$20.79M	$11.93M	$10.99M	$13.32M	$13.36M	$14.63M	$13.48M	$14.96M	$25.40M	$19.86M	$18.07M	$14.57M	$12.08M	$11.44M	$16.88M	$12.26M	$8.90M	$8.90M	$3.48M	$8.27M	$6.39M	$5.41M
Low Forecast	$21.10M	$22.32M	$19.43M	$22.82M	$24.03M	$23.61M	$21.59M	$19.64M	$20.16M	$11.42M	$10.99M	$13.23M	$12.41M	$14.04M	$12.93M	$9.97M	$21.83M	$17.06M	$15.53M	$12.52M	$10.38M	$9.83M	$11.25M	$10.54M	$7.65M	$7.65M	$2.32M	$7.11M	$5.49M	$4.65M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	1.24%	1.31%	1.23%	-	1.20%	0.65%	0.77%	-	2.73%	0.95%	0.81%	-	0.78%	0.92%	0.80%	-	0.68%	1.39%	1.40%

FuelCell Energy's average Quarter SG&A projection for May 24 is $10.99M, based on 2 Wall Street analysts, with a range of $10.99M to $10.99M. The forecast indicates a -32.96% fall compared to FCEL last annual SG&A of $16.40M (Jan 24).

FuelCell Energy EPS Forecast

	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19	Jul 19
# Analysts	1	1	1	1	1	1	1	2	4	2	2	3	6	3	3	3	3	3	3	3	3	3	3	3	8	5	4	8	6	3
EPS	-	-	-	-	-	-	-	-	-	-	-	$-0.04	$-0.00	$-0.00	-	$-0.05	$-0.10	$-0.07	-	$-0.11	$-0.07	$-0.04	-	$-0.23	$-0.07	$-0.07	-	$-0.20	$-0.23	$-0.12
Avg Forecast	$-0.83	$-0.83	$-0.87	$-0.88	$-1.36	$-1.43	$-1.51	$-1.40	$-1.85	$-2.18	$-2.28	$-2.29	$-2.69	$-2.31	$-2.29	$-2.10	$-0.06	$-0.06	$-0.05	$-0.05	$-0.03	$-0.06	$-0.05	$-0.04	$-0.04	$-0.06	$-0.07	$-0.08	$-0.11	$-1.05
High Forecast	$-0.81	$-0.82	$-0.85	$-0.86	$-1.33	$-1.40	$-1.48	$-1.29	$-1.54	$-2.14	$-2.23	$-2.24	$-2.57	$-2.26	$-2.24	$-2.06	$-0.06	$-0.05	$-0.05	$-0.05	$-0.03	$-0.05	$-0.04	$-0.04	$-0.04	$-0.06	$-0.06	$-0.07	$-0.10	$-0.95
Low Forecast	$-0.85	$-0.86	$-0.90	$-0.91	$-1.41	$-1.47	$-1.56	$-1.51	$-2.16	$-2.26	$-2.35	$-2.36	$-2.80	$-2.39	$-2.37	$-2.17	$-0.07	$-0.06	$-0.06	$-0.05	$-0.03	$-0.06	$-0.05	$-0.05	$-0.05	$-0.07	$-0.07	$-0.09	$-0.12	$-1.16
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.02%	0.00%	0.00%	-	0.02%	1.55%	1.31%	-	2.20%	2.29%	0.64%	-	5.31%	1.70%	1.11%	-	2.50%	2.09%	0.11%

According to undefined Wall Street analysts, FuelCell Energy's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to FCEL previous annual EPS of $NaN (undefined).

FuelCell Energy Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PLUG	Plug Power	$1.97	$22.53	1043.65%	Buy
MVST	Microvast	$0.80	$8.00	900.00%	Buy
FREY	FREYR Battery	$2.10	$19.00	804.76%	Buy
EOSE	Eos Energy Enterprises	$2.31	$6.00	159.74%	Buy
ENVX	Enovix	$8.75	$21.17	141.94%	Buy
BE	Bloom Energy	$13.60	$20.93	53.90%	Buy
PPSI	Pioneer Power Solutions	$6.15	$9.00	46.34%	Buy
FCEL	FuelCell Energy	$5.96	$3.07	-48.49%	Hold

FCEL Forecast FAQ

Is FuelCell Energy a good buy?

No, according to 9 Wall Street analysts, FuelCell Energy (FCEL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of FCEL's total ratings.

What is FCEL's price target?

FuelCell Energy (FCEL) average price target is $3.07 with a range of $1.25 to $5.75, implying a -48.49% from its last price of $5.96. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will FuelCell Energy stock go up soon?

According to Wall Street analysts' prediction for FCEL stock, the company can go down by -48.49% (from the last price of $5.96 to the average price target of $3.07), down by -3.52% based on the highest stock price target, and down by -79.03% based on the lowest stock price target.

Can FuelCell Energy stock reach $9?

FCEL's average twelve months analyst stock price target of $3.07 does not support the claim that FuelCell Energy can reach $9 in the near future.

What are FuelCell Energy's analysts' financial forecasts?

FuelCell Energy's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $174.78M (high $178.42M, low $172.29M), average EBITDA is $-155M (high $-152M, low $-158M), average net income is $-2.871B (high $-2.768B, low $-2.997B), average SG&A $90.15M (high $92.03M, low $88.87M), and average EPS is $-5.706 (high $-5.501, low $-5.957). FCEL's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $168.86M (high $173.06M, low $166.09M), average EBITDA is $-149M (high $-147M, low $-153M), average net income is $-1.715B (high $-1.679B, low $-1.771B), average SG&A $87.1M (high $89.27M, low $85.67M), and average EPS is $-3.409 (high $-3.336, low $-3.519).

Did the FCEL's actual financial results beat the analysts' financial forecasts?

Based on FuelCell Energy's last annual report (Oct 2022), the company's revenue was $130.48M, which missed the average analysts forecast of $140.46M by -7.10%. Apple's EBITDA was $-140M, missing the average prediction of $-142M by -1.31%. The company's net income was $-147M, beating the average estimation of $-133M by 11.12%. Apple's SG&A was $79.62M, beating the average forecast of $72.45M by 9.90%. Lastly, the company's EPS was $-0.38, beating the average prediction of $-0.226 by 68.06%. In terms of the last quarterly report (Jan 2024), FuelCell Energy's revenue was $16.69M, missing the average analysts' forecast of $25.74M by -35.16%. The company's EBITDA was $-42.478M, beating the average prediction of $-22.767M by 86.58%. FuelCell Energy's net income was $-19.793M, missing the average estimation of $-1.151B by -98.28%. The company's SG&A was $16.4M, beating the average forecast of $13.28M by 23.51%. Lastly, the company's EPS was $-0.0438, missing the average prediction of $-2.288 by -98.09%