FuelCell Energy (NASDAQ:FCEL) Now Covered by Oppenheimer

Posted by Brenda Bartman on Sep 29th, 2026

Analysts at Oppenheimer initiated coverage on shares of FuelCell Energy (NASDAQ:FCEL – Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage set an “outperform” rating and a $24.00 price target on the energy company’s stock. Oppenheimer’s price target indicates a potential upside of 48.70% from the stock’s current price.

A number of other equities research analysts have also issued reports on FCEL. Wall Street Zen lowered shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, September 19th. Wells Fargo & Company upped their price objective on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 16th. UBS Group upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.00 to $27.00 in a research note on Tuesday, July 14th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research note on Tuesday, September 8th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $30.00 price target on shares of FuelCell Energy in a report on Thursday, September 3rd. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.80.

View Our Latest Analysis on FCEL

FuelCell Energy Stock Down 2.1%

Shares of FCEL opened at $16.14 on Tuesday. The firm has a market cap of $1.29 billion, a P/E ratio of -4.71 and a beta of 2.35. FuelCell Energy has a 12-month low of $5.71 and a 12-month high of $37.88. The company’s 50-day moving average price is $18.84 and its 200 day moving average price is $16.94. The company has a current ratio of 8.67, a quick ratio of 7.77 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling at FuelCell Energy

In other FuelCell Energy news, Director Homer Livingston, III bought 16,404 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of $15.05 per share, with a total value of $246,880.20. Following the completion of the acquisition, the director directly owned 42,747 shares of the company’s stock, valued at $643,342.35. This 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 this link. Also, EVP Shankar Achanta sold 2,500 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president owned 2,618 shares in the company, valued at approximately $75,162.78. This represents a 48.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of FuelCell Energy by 818.0% during the 2nd quarter. State Street Corp now owns 2,143,908 shares of the energy company’s stock worth $77,202,000 after buying an additional 1,910,356 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of FuelCell Energy in the 2nd quarter valued at $510,000. Tidal Investments LLC raised its stake in FuelCell Energy by 61.1% during the 2nd quarter. Tidal Investments LLC now owns 244,049 shares of the energy company’s stock worth $8,788,000 after acquiring an additional 92,572 shares in the last quarter. IPG Investment Advisors LLC purchased a new stake in FuelCell Energy in the second quarter valued at $273,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in FuelCell Energy in the second quarter valued at $120,000. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy News Roundup

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

Neutral Sentiment: Fuel-cell stocks broadly cooled after a sharp recent rally, with weakness in Bloom Energy and Plug Power also weighing on sector sentiment. Bloom Energy, Plug Power and FuelCell Energy sector article

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.