FuelCell Energy (FCEL.US) Price Target and Rating 2026/2027

20.66
Price history for FuelCell Energy (FCEL.US) – stock price at $20.66, October 2026
FuelCell Energy stock price – price development 2026. Updated Oct 7, 2026.
Share this analysis:

FuelCell Energy Price Target 2026: Analysts See 2% Upside

The average price target for FuelCell Energy is $21.10. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 2.13% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is FuelCell Energy overvalued or undervalued?

FuelCell Energy is currently fairly valued with a gap of 2.1% relative to the price target.


The current price is $20.66, which places FuelCell Energy in the fairly valued category. The stock is considered undervalued when the price is below $18.99, and overvalued when the price exceeds $23.21.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For FuelCell Energy, the fair value range lies between $18.99 and $23.21.


See the full price target analysis for FuelCell Energy →

Analyst Ratings for FuelCell Energy stock in 2026: Buy

12 analysts cover FuelCell Energy. The ratings are mixed, with 50% Buy, 33.3% Hold and 16.6% Sell. The average price target is $21.10, which gives an upside of 2.1% from the current price.

Consensus: Buy (3.75/5)
Strong Buy
6 (50%)
Hold
4 (33.3%)
Sell
1 (8.3%)
Strong Sell
1 (8.3%)
Strong Sell Sell Hold Buy Strong Buy
3.75 out of 5 based on 12 analysts

About FuelCell Energy – Electrical Equipment & Parts

FuelCell Energy designs and builds power plants that run on fuel cells instead of burning fuel. A fuel cell is a device that turns fuel into electricity through a chemical reaction, without needing to burn anything. The company makes money by selling, installing, and servicing these power plants, which are used to supply steady, round-the-clock electricity (called baseload power).

The company is best known for its SureSource product line. It sells the SureSource 1500, which produces 1.4 megawatts of power, and the larger SureSource 4000, which produces 3.7 megawatts. A megawatt is a unit of power; one megawatt can supply electricity to hundreds of homes at once. FuelCell Energy also offers SureSource Hydrogen, a system that produces up to 1,200 kilograms of hydrogen per day. Hydrogen is a gas that can be used as clean fuel or stored as energy.

In addition, the company provides SureSource Capture, a system that captures carbon dioxide (CO2) from power plants and factories, helping reduce emissions released into the air.

FuelCell Energy has installed its systems in various locations around the world. It positions itself as a global company focused on clean energy and hydrogen-based solutions.
Read more about the company

Key Figures for FuelCell Energy

$1.4B Market cap
$154M Revenue
Electrical Equipment & Parts Industry
- P/E
9.37 P/S
1.41 P/B
United States Listed on exchange

What kind of stock is FuelCell Energy?

Speculative stock

FuelCell Energy is classified as a speculative stock.

Score Overview for FuelCell Energy

💰 Value Score 27/100 (Low)
⭐ Quality Score 2/100 (Very Low)
🚀 Momentum Score 33/100 (Low)
📊 Total Score 20/100

⚠️ 5 red flags identified 3 critical

Our analysis has identified 5 potential risk factors in FuelCell Energy that investors should be aware of.

⚠️ Weak financial health: The Piotroski score is only 2/9 – the company shows signs of weakened profitability, liquidity or capital structure.
⚠️ Weak balance sheet (elevated risk): Altman Z2 is 1.03 – the balance sheet is measurably weaker than average. This is a risk signal based on the numbers, not a bankruptcy prediction.
🚨 Negative profit margin: The profit margin is -113.6% – the company is losing money on its operations.
🚨 Negative return on equity: ROE is -21.4% – the company is generating a negative return for shareholders.
🚨 High short interest: 31.2% of the shares are sold short – many professional investors are betting on price declines.

📈 Valuation

The P/S ratio is 9.4 (high — the market pays a premium for the revenue). The P/B ratio is 1.4. The PEG ratio is 0.36 — below 1.0 suggests the stock is cheap relative to its growth rate.

🏦 Financial Health

The Piotroski score is 2 out of 9 — weak financial health, be careful. Altman Z2 is 1.03 (weak balance sheet — elevated risk). The debt-to-equity ratio (D/E) is 30.2% — low debt, a solid balance sheet.

🚀 Momentum & Short Interest

Short interest is 31.19% — very high, the market is skeptical.

Insider Trading in FuelCell Energy 2026: The Signal Is clearly positive

In 2026, insiders at FuelCell Energy have made 7 transactions – split into 2 purchases and 5 sales. On a net basis, insiders put $483,410 into the stock, which is a positive signal. Active insiders include Livingston III Homer John, Achanta Shankar, Shankar Achanta and others. In the short term (last 3 months), the insider signal is clearly positive.

Short-Term Signal (3 months): Clearly positive

Insiders have exclusively bought shares over the last 3 months. This is a strong signal of confidence in the company in the short term.

Over the last 3 months: 2 purchases and 0 sales. A net $741,865 into the stock.

Long-Term Signal (all transactions): Mostly positive

Insiders have bought considerably more than they have sold. This suggests several key people see value in the stock.

Across the last 7 transactions: 2 purchases and 5 sales. A net $483,410 into the stock.

Latest purchase: Livingston III Homer John bought 16,404 shares at $15.05 each on 2026-09-14. The stock has since risen 37.2%.

Latest sale: Achanta Shankar sold 2,500 shares at $28.71 each on 2026-07-06.

Who is buying: Livingston III Homer John.

Who is selling: Achanta Shankar, Shankar Achanta, Bingham Betsy B, Betsy B Bingham.

Latest Insider Trades in FuelCell Energy (2026)

The table shows the last 7 reported insider transactions in FuelCell Energy. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-09-14 Livingston III Homer John Buy 16,404 15 246,880
2026-07-16 Livingston III Homer John Buy 26,343 19 494,985
2026-07-06 Achanta Shankar Sell 2,500 29 71,775
2026-04-20 Shankar Achanta Sell 2,500 8 20,000
2026-04-20 Achanta Shankar Sell 2,500 8 20,000
2025-12-22 Bingham Betsy B Sell 8,608 9 73,340
2025-12-22 Betsy B Bingham Sell 8,608 9 73,340

Who is buying and selling FuelCell Energy shares in 2026?

The following insiders have bought shares in FuelCell Energy: Livingston III Homer John. In total, $741,865 was bought across 2 transactions. The following insiders have sold shares: Achanta Shankar, Shankar Achanta, Bingham Betsy B, Betsy B Bingham. In total, $258,455 was sold across 5 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

FuelCell Energy Short Selling 2026: 31.2% Sold Short

Extremely shorted: 31.2% of the free float
Short % of free float
31.2%
Assessment
Extremely shorted
Short squeeze risk
Very High
Data source
EODHD
Reported about twice a month

Short interest over time: FuelCell Energy

0.0%17.9%35.9%
5/307/309/30
31.2% today (extremely high)Last 30 days: +10.1 percentage pointsMeasured over 123 days
What does the trend tell you?
Short interest is rising. It is up 10.1 percentage points over the last month and now stands at 31.2%. More investors have borrowed FuelCell Energy and sold it, expecting the price to fall.

It cuts both ways: if they are wrong and the price rises, they have to buy the share back — and those purchases can push the price up further on their own. That is called a short squeeze. That is not in itself a signal about what the price will do — we cannot predict the market, and short interest is only one number among many. But it does say something about what the large players are doing.
The stock has an extremely high share of short selling. More than 20% of the freely traded shares are sold short, which is unusual and can point to great skepticism among institutional investors. The risk of a short squeeze on positive news is considerable.

What does this mean for you as an investor?
A short interest of 31.2% means that 31.2% of the freely traded shares in FuelCell Energy have been borrowed and sold by investors betting on falling prices. On positive surprises (e.g. a strong earnings report), short sellers can be forced to buy back shares quickly to close their positions, which can cause a short squeeze with sharp price gains in a short time.

Short interest comes from our data provider EODHD. The figure is reported about twice a month; we check it every trading day.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
▲
31.2%

When Does FuelCell Energy Report Earnings?

The next earnings date for FuelCell Energy is not yet available. Check the company's investor calendar for more information.



Technical Analysis of FuelCell Energy 2026 – Signal: Strong Buy

Overall Technical Signal: Strong Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated October 7, 2026.

Technical analysis of FuelCell Energy (FCEL.US) – RSI 63, MACD positive (bullish), daily candlestick chart October 2026
FuelCell Energy technical analysis – candlestick chart with RSI, MACD and volume profile. Updated Oct 7, 2026.

Trend Analysis of FuelCell Energy, Inc

FuelCell Energy, Inc is in a short-term uptrend. The price of $20.65 is 21.8% above the 20-day average ($16.95). Medium term, the picture is positive: the price is 11.8% above the 50-day average ($18.47). Long term, the stock is 43.1% above the 200-day average ($14.43), which confirms a long-term uptrend.

Golden Cross: The 50-day average (18.47) is above the 200-day average (14.43), which is a classic bullish signal for FuelCell Energy, Inc.

Is FuelCell Energy, Inc overbought or oversold?

FuelCell Energy, Inc has an RSI of 63.0. The stock shows positive momentum in the upper part of the neutral zone. Combined with the positive trend, this supports the bullish picture.

MACD Analysis for FuelCell Energy, Inc

Daily MACD: MACD is positive (0.090), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (-0.377) by 0.467, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (1.115), which indicates a broader bullish long-term trend. MACD5 is below the signal line (2.108) by 0.993, which suggests the long-term momentum is fading – the positive trend could come under pressure.

Overall MACD assessment: Both the daily and weekly trend are bullish (MACD positive). However, momentum shows signs of weakening on a weekly basis. Watch whether the trend holds.

Risk Profile for FuelCell Energy, Inc

FuelCell Energy, Inc has an annual standard deviation of 135.9%, which classifies the stock as Extremely speculative. Only risk-tolerant investors should consider this stock, because the price swings can be very large.

Overall Technical Conclusion for FuelCell Energy, Inc

Trend: Positive. The price trades above SMA50 and SMA200.

MACD trend (zero line): Daily bullish (0.090). Weekly bullish (1.115).

MACD momentum (signal): Daily rising. Weekly falling.

RSI: 63.0 – neutral.

Technical signal: Strong Buy

The price is in an uptrend (above SMA50/SMA200) and MACD is positive on both a daily and weekly basis. Trend and MACD trend confirm each other – the strongest technical buy signal.

Frequently Asked Questions About FuelCell Energy stock in 2026

Should you buy FuelCell Energy stock now?
Yes, the technical signal for FuelCell Energy is currently Strong Buy. FuelCell Energy trades at $20.66 as of Oct 7, 2026. The technical analysis shows the following: MACD is positive (bullish trend) at 0.090 with rising momentum (signal: -0.377); RSI is at 63.0 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $21.10 points to 2.1% upside. The stock is in a broader uptrend (above SMA50/SMA200). This is a technical observation based on current data, not investment advice.
What is the price target for FuelCell Energy stock?
The average analyst price target for FuelCell Energy is $21.10. The current price is $20.66, which gives an upside of 2.1%. Based on this, the stock is considered fairly valued. The fair value range (±10% of the price target) is between $18.99 and $23.21.
Is FuelCell Energy a dividend stock?
No, FuelCell Energy does not currently pay a dividend to shareholders. The company reinvests its profits in growth instead of paying dividends.
What is the risk of FuelCell Energy stock?
FuelCell Energy is rated as a stock in the risk category Extremely speculative. the annual standard deviation is 135.9%, which classifies the stock as Extremely speculative.
Is FuelCell Energy overvalued?
FuelCell Energy is considered fairly valued – the price is close to the analyst price target. FuelCell Energy has the following valuation ratios: a P/S ratio of 9.4, a P/B ratio of 1.4. The stock trades close to the analyst price target and is considered fairly valued.
Is FuelCell Energy overbought?
No, FuelCell Energy is not overbought. RSI is at 63.0 (neutral zone). The technical indicators show: RSI is at 63.0 (upper neutral zone), which shows positive momentum but is not yet overbought. In addition, the price is 21.9% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next FuelCell Energy earnings report?
The date of the next earnings report for FuelCell Energy has not been published yet. Check the company's investor calendar for updates.
Is FuelCell Energy shorted?
Yes, FuelCell Energy is shorted with 31.2% of the free float sold short. This is an extremely high level of short selling, which points to great skepticism among institutional investors. The risk of a short squeeze on positive news or earnings is very high. The figure comes from our data provider EODHD, is reported about twice a month, and we check it every trading day.
Are insiders buying FuelCell Energy stock?
Yes, insiders are net buyers of FuelCell Energy – they are buying more shares than they are selling. Over the last 3 months, insiders have made 2 purchases and 0 sales. On a net basis, 741,865 $ worth of shares were bought. Across the last 7 reported transactions, the split is 2 purchases and 5 sales, with a net 483,410 $ bought. Active buyers include Livingston III Homer John. Insider buying is generally seen as a positive signal, because management is putting its own money into the company.
Is FuelCell Energy a good stock?
Based on our total score, FuelCell Energy is rated as a poor stock with a total score of 20 out of 100. The stock scores below average on value, quality and momentum – it sits at the lower end of the market. The score is made up of Value: 27/100, Quality: 2/100, Momentum: 33/100. In addition: technical signal: Strong Buy. Whether FuelCell Energy is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for FuelCell Energy stock?
The outlook for FuelCell Energy based on current data: the average analyst price target is $21.10 (+2.1%); the stock is in an uptrend (above SMA50 and SMA200). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is FuelCell Energy stock rising?
FuelCell Energy is rising right now. The technical indicators show: the price is 21.9% above the 20-day average; MACD is positive with rising momentum (bullish signal); short interest is 31.2% (high – many are betting on a decline); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis and insider section above.
How high can FuelCell Energy go?
The average analyst price target for FuelCell Energy is $21.10, which corresponds to a potential gain of 2.1% from the current price of $20.66. The stock has traded between $5.71 and $37.88 over the last 52 weeks. The price is 45.5% below the 52-week high, which can indicate potential if the underlying fundamentals are intact. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can FuelCell Energy fall?
The stock has traded as low as $5.71 over the last 52 weeks — that is 72.4% below the current price of $20.66. The biggest decline (drawdown) in the same period was 84.9% from high to low. Within a year, the price typically swings about ±135.9% (standard deviation — a measure of price swings). A difficult year could therefore mean a further decline of that size. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does FuelCell Energy do?
FuelCell Energy designs and builds power plants that run on fuel cells instead of burning fuel. A fuel cell is a device that turns fuel into electricity through a chemical reaction, without needing to burn anything. The company makes money by selling, installing, and servicing... The company belongs to the Industrials sector, more specifically the Electrical Equipment & Parts industry, is headquartered in United States, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate FuelCell Energy as an investment.
Did FuelCell Energy raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from FuelCell Energy. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history above.
Is FuelCell Energy making money or losing money?
No, FuelCell Energy is currently not making money — the company is losing money with a negative profit margin of -113.6%, a substantial loss. That means the business loses money on every dollar of revenue. For growth stocks investing in expansion this is normal — but it raises the risk if the company does not reach break-even before its capital runs out.
Can FuelCell Energy go bankrupt?
The bankruptcy risk of FuelCell Energy is rated as elevated. Altman Z2 (a model for assessing financial distress) is 1.03 — that places the company in the weak zone. This is a probability based on the numbers, not a verdict — bankruptcy is not imminent. But the balance sheet is measurably weaker than average, so watch the debt, liquidity and possible capital raises. The Piotroski score (financial health 0-9, higher is better) is 2 — which is weak. Debt relative to equity is 30% (low). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does FuelCell Energy have a lot of debt?
No, FuelCell Energy has low debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 30%. For the industrials sector, anything below 100% counts as low debt. Industrial companies often sit at 100-200% because of heavy production assets and long order books. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector.

Other Stocks in Industrials

Compare FuelCell Energy with other stocks in the industrials sector. Click a stock to see its technical analysis, insider trading and key figures.

See all 121 stocks in the Industrials sector