FuelCell Energy (NASDAQ:FCEL) Shares Gap Up – Still a Buy?

Posted by Brian Himes on Jul 11th, 2026

FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.54, but opened at $24.20. FuelCell Energy shares last traded at $23.8410, with a volume of 4,812,057 shares changing hands.

FuelCell Energy News Summary

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

Positive Sentiment: FuelCell Energy announced a collaboration with Siemens to scale fuel cell-based power solutions, including electrical infrastructure for 100+ MW projects and deployments aimed at data centers and industrial customers. The deal could improve execution, expand project opportunities, and support longer-term growth. Siemens and FuelCell Energy Collaborate to Explore Scalable Fuel Cell Power Solutions
Neutral Sentiment: Shares were also buoyed earlier by the Siemens announcement and technical traders noted the stock was holding a key multi-month golden cross, suggesting the chart remains constructive despite volatility. FuelCell Energy Stock Consolidates as Chart Defends Key Multi-Month Golden Cross
Neutral Sentiment: The company’s short-interest data showed no meaningful change in reported short interest, so it does not appear to be a major driver of the move. FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains
Negative Sentiment: Fuel-cell stocks are selling off as investors lock in gains after a huge run in 2026, and FCEL is getting caught in that broader unwind. FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains
Negative Sentiment: Investor concern also lingers around dilution after FuelCell Energy priced an upsized $225 million stock offering, which can weigh on the share price even if the capital helps fund growth. FuelCell Energy Announces Major Common Stock Offering

Analysts Set New Price Targets

Several research firms have recently commented on FCEL. Wells Fargo & Company upped their target price on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 16th. Weiss Ratings upgraded FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. B. Riley Financial raised FuelCell Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $32.00 in a report on Monday, June 29th. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. Finally, TD Cowen reissued a “hold” rating and set a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy currently has an average rating of “Hold” and a consensus price target of $22.00.

Check Out Our Latest Stock Analysis on FuelCell Energy

FuelCell Energy Stock Performance

The stock has a market cap of $1.42 billion, a P/E ratio of -3.20 and a beta of 2.31. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $21.41 and a 200 day simple moving average of $12.63.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last released its earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.05). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The company had revenue of $35.59 million for the quarter, compared to the consensus estimate of $40.47 million. During the same quarter in the previous year, the company posted ($1.79) earnings per share. On average, equities analysts expect that FuelCell Energy, Inc. will post -1.84 earnings per share for the current year.

Insiders Place Their Bets

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $28.71, for a total transaction of $71,775.00. Following the sale, the executive vice president directly owned 2,618 shares in the company, valued at $75,162.78. This represents a 48.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuelCell Energy

Several hedge funds and other institutional investors have recently made changes to their positions in FCEL. Legal & General Group Plc acquired a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $21,149,000. Invesco Ltd. increased its stake in FuelCell Energy by 75.4% in the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after acquiring an additional 647,151 shares during the last quarter. CenterBook Partners LP acquired a new position in FuelCell Energy during the fourth quarter valued at approximately $9,348,000. Renaissance Technologies LLC raised its position in FuelCell Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock valued at $8,915,000 after purchasing an additional 150,600 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in FuelCell Energy by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after purchasing an additional 23,981 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Company Profile

(Get Free Report)

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.