FuelCell Energy (NASDAQ:FCEL) Shares Gap Up – Should You Buy?

Posted by Francis Steltz on Sep 29th, 2026

FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $16.14, but opened at $17.52. FuelCell Energy shares last traded at $17.1660, with a volume of 1,561,189 shares traded.

More FuelCell Energy News

Here are the key news stories impacting FuelCell Energy this week:

Positive Sentiment: Oppenheimer initiated coverage with an “outperform” rating and a $24 price target, implying roughly 48.7% potential upside from the reference price of $16.14. The new coverage may provide support by signaling confidence in FuelCell Energy’s long-term opportunity. Oppenheimer coverage report
Neutral Sentiment: Fuel-cell shares broadly weakened as a recent sector rally cooled. Reports noted declines among Bloom Energy and Plug Power, suggesting that some pressure on FCEL reflects profit-taking and reduced risk appetite across the clean-energy and fuel-cell group rather than company-specific news alone. Fuel-cell sector pullback report
Negative Sentiment: Multiple law firms publicized a securities class action against FuelCell Energy and its officers. The lawsuit alleges that investors were not told that production under the Fit Energy agreement was substantially below the level needed to cover contractual pricing, potentially affecting the project’s economics and reported outlook. The allegations have not been proven, but the legal overhang can increase reputational, financial and disclosure-related risk. Investors who purchased during the cited class period—generally June 24 through September 1, 2026—have until November 10, 2026, to seek lead-plaintiff status. Levi & Korsinsky class-action notice Hagens Berman Fit Energy disclosure report

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, August 17th. TD Cowen reissued a “hold” rating and issued a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Wall Street Zen downgraded FuelCell Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.80.

Read Our Latest Stock Analysis on FCEL

FuelCell Energy Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 8.67 and a quick ratio of 7.77. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -5.04 and a beta of 2.35. The business’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $16.94.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). The company had revenue of $33.00 million during the quarter, compared to the consensus estimate of $38.79 million. FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. On average, research analysts forecast that FuelCell Energy, Inc. will post -2.09 EPS for the current fiscal year.

Insider Buying and Selling at FuelCell Energy

In related news, Director Homer Livingston, III purchased 16,404 shares of FuelCell Energy stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $15.05 per share, with a total value of $246,880.20. Following the completion of the transaction, the director owned 42,747 shares of the company’s stock, valued at approximately $643,342.35. This trade represents a 62.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shankar Achanta sold 2,500 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $28.71, for a total transaction of $71,775.00. Following the transaction, the executive vice president directly owned 2,618 shares in the company, valued at $75,162.78. The trade was a 48.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.46% of the stock is owned by company insiders.

Institutional Trading of FuelCell Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of FuelCell Energy by 444.4% in the second quarter. Allworth Financial LP now owns 1,301 shares of the energy company’s stock valued at $47,000 after purchasing an additional 1,062 shares during the period. NewEdge Advisors LLC boosted its position in shares of FuelCell Energy by 301.3% during the second quarter. NewEdge Advisors LLC now owns 1,605 shares of the energy company’s stock worth $58,000 after buying an additional 1,205 shares during the period. Hollencrest Capital Management acquired a new position in shares of FuelCell Energy during the second quarter worth approximately $90,000. Integrated Wealth Concepts LLC bought a new position in FuelCell Energy in the 2nd quarter worth approximately $120,000. Finally, IPG Investment Advisors LLC bought a new position in FuelCell Energy in the 2nd quarter worth approximately $273,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

About FuelCell Energy

(Get Free Report)

FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.

The company’s offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.