FuelCell Energy (NASDAQ:FCEL) Given New $13.00 Price Target at B. Riley Financial

Posted by Brenda Bartman on Jun 9th, 2026

FuelCell Energy (NASDAQ:FCEL – Get Free Report) had its price target lifted by stock analysts at B. Riley Financial from $8.00 to $13.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the energy company’s stock. B. Riley Financial’s price target points to a potential downside of 29.52% from the stock’s previous close.

FCEL has been the topic of a number of other reports. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Canaccord Genuity Group set a $30.00 target price on shares of FuelCell Energy and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $13.24.

Get Our Latest Stock Analysis on FuelCell Energy

FuelCell Energy Price Performance

NASDAQ:FCEL traded up $2.95 on Tuesday, reaching $18.45. The stock had a trading volume of 9,893,722 shares, compared to its average volume of 4,952,805. The company has a market capitalization of $977.22 million, a P/E ratio of -2.66 and a beta of 2.42. FuelCell Energy has a 1-year low of $3.78 and a 1-year high of $27.69. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $14.09 and a 200-day moving average price of $9.99.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last released its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.16. The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. Research analysts forecast that FuelCell Energy will post -2.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in FuelCell Energy in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in FuelCell Energy by 1,316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in FuelCell Energy in the fourth quarter valued at $78,000. Franklin Resources Inc. bought a new position in FuelCell Energy in the fourth quarter valued at $84,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in FuelCell Energy in the fourth quarter valued at $91,000. Institutional investors own 42.78% of the company’s stock.

Key Stories Impacting FuelCell Energy

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

Positive Sentiment: FuelCell Energy said its sales pipeline has grown to about 4 gigawatts, with nearly 90% tied to data centers, and outlined plans to expand its Torrington facility to 500 MW at an estimated total cost of $200 million to $275 million. FuelCell Energy outlines Torrington expansion to 500 MW, with $200-$275M total cost, as pipeline reaches 4 GW
Positive Sentiment: Management also emphasized an AI/data-center push and capacity expansion, which could support longer-term revenue growth if projects convert into signed contracts and deployments. FCEL Q2 Earnings Call Highlights AI Push, Capacity Expansion
Neutral Sentiment: Unusually heavy call-option trading suggested traders were positioning for continued volatility in FCEL shares. FuelCell Energy rallies on sales pipeline after 137% AI-fueled run
Negative Sentiment: Q2 fiscal 2026 results missed expectations on revenue and earnings, with FuelCell Energy reporting EPS of -$0.53 versus estimates of -$0.52 and revenue of $35.6 million versus about $41.3 million expected, which pressured the stock. FuelCell Energy Reports Second Fiscal Quarter 2026 Results; Advances Data Center Power Strategy
Negative Sentiment: Investors also focused on the wider quarterly loss, weaker backlog, and a reported impairment charge, reinforcing concerns that near-term profitability remains under pressure. FuelCell Energy (FCEL) Stock Plunges Nearly 20% Following Disappointing Q2 Earnings Report

About FuelCell Energy

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FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.