# Fuelcell Energy (FCEL) — Analyst Forecast

FCEL · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/fcel/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 7 | 3 | 2 | 12 |

## Price target

| Low | Average | High | Analysts |
| --- | --- | --- | --- |
| $19.00 | $22.60 | $30.00 | 5 |

Last price $14.09 (as of Oct 15, 2026).

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Sep 29, 2026 | Oppenheimer | Initiated Coverage | Outperform | $24.00 |
| Sep 24, 2026 | Barclays | Initiated Coverage | Equal-Weight | $20.00 |
| Sep 15, 2026 | Citigroup | Initiated Coverage | Neutral | $19.00 |
| Sep 8, 2026 | Jefferies | Maintained | Buy | $20.00 |
| Sep 3, 2026 | Canaccord Genuity | Maintained | Buy | $30.00 |
| Jul 14, 2026 | UBS | Upgraded | Neutral → Buy | $27.00 |
| Jun 29, 2026 | B. Riley Securities | Upgraded | Neutral → Buy | $32.00 |
| Jun 26, 2026 | Jefferies | Upgraded | Hold → Buy | $24.00 |
| Jun 26, 2026 | UBS | Maintained | Neutral | $22.00 |
| Jun 16, 2026 | Wells Fargo | Maintained | Underweight | $8.00 |
| Jun 10, 2026 | Jefferies | Maintained | Hold | $16.00 |
| Jun 9, 2026 | Canaccord Genuity | Upgraded | Hold → Buy | $30.00 |
| Jun 9, 2026 | B. Riley Securities | Maintained | Neutral | $13.00 |
| Jun 9, 2026 | TD Cowen | Maintained | Hold | $16.00 |
| Mar 10, 2026 | Wells Fargo | Maintained | Underweight | $6.00 |
| Dec 19, 2025 | Canaccord Genuity | Maintained | Hold | $12.00 |
| Sep 17, 2025 | UBS | Maintained | Neutral | $7.25 |
| Sep 15, 2025 | Canaccord Genuity | Maintained | Hold | $12.00 |
| Jun 13, 2025 | B. Riley Securities | Maintained | Neutral | $8.00 |
| Mar 12, 2025 | B. Riley Securities | Maintained | Neutral | $9.00 |

## Frequently Asked Questions

### What is the price target for FCEL stock?

The average 12-month analyst price target for Fuelcell Energy (FCEL) is $22.60, with a high estimate of $30.00 and a low of $19.00, across 5 analysts.

### Is FCEL a buy, sell, or hold?

Analysts covering Fuelcell Energy currently average a Buy rating: 7 buy, 3 hold and 2 sell, from 12 analysts. Ratings reflect analyst opinion, not investment advice.

### What upside do analysts see for FCEL?

The average price target of $22.60 implies 60.40% upside from the last price of $14.09.

### What is the latest analyst rating on FCEL?

On Sep 29, 2026, Oppenheimer initiated coverage of Fuelcell Energy at Outperform with a price target of $24.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).