FuelCell Energy (NASDAQ:FCEL) Receives “Buy” Rating from Canaccord Genuity Group

FuelCell Energy (NASDAQ:FCEL)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued on Thursday, Benzinga reports. They currently have a $30.00 price target on the energy company’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 108.33% from the company’s current price.

FCEL has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research note on Tuesday, June 9th. B. Riley Financial raised FuelCell Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $32.00 in a report on Monday, June 29th. TD Cowen reaffirmed a “hold” rating and issued a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a report on Tuesday, June 9th. Finally, UBS Group upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.83.

FuelCell Energy Trading Down 15.7%

NASDAQ:FCEL opened at $14.40 on Thursday. FuelCell Energy has a one year low of $3.81 and a one year high of $37.88. The firm has a 50-day simple moving average of $21.67 and a 200-day simple moving average of $15.87. The firm has a market cap of $1.15 billion, a P/E ratio of -2.19 and a beta of 2.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.23). The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate of $38.78 million. FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%. Equities analysts anticipate that FuelCell Energy will post -1.73 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in shares of FuelCell Energy in the fourth quarter worth $21,149,000. CenterBook Partners LP purchased a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $9,348,000. Two Sigma Investments LP acquired a new position in FuelCell Energy in the third quarter valued at $5,348,000. Invesco Ltd. increased its position in FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock worth $11,005,000 after buying an additional 647,151 shares during the period. Finally, Trexquant Investment LP raised its holdings in shares of FuelCell Energy by 162.3% in the fourth quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after buying an additional 553,660 shares during the last quarter. Hedge funds and other 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 signed its first capacity reservation agreement with a major data-center operator for a planned 75 MW Texas project. The agreement includes an upfront reservation payment and gives the customer priority access to manufacturing capacity. FuelCell Energy Reports Third Fiscal Quarter 2026 Results
• Positive Sentiment: The company reported $1.3 billion of committed backlog and $2.35 billion of awarded capacity backlog, bringing total committed and awarded capacity backlog to approximately $3.6 billion. However, awarded backlog is not yet firm revenue and includes optional Fit Energy phases.
• Positive Sentiment: FuelCell Energy reiterated plans to reach a 100 MW annualized production rate in October 2026 and expand its Torrington, Connecticut facility to 500 MW by June 2028. Management now targets positive adjusted EBITDA in the fourth quarter of fiscal 2027, subject to contract conversion, delivery timing and cost reductions.
• Positive Sentiment: Cash, cash equivalents and restricted cash increased to $737.3 million, supported partly by recent equity offerings, providing funding for manufacturing expansion and working capital. The company also announced a Siemens collaboration and delivered its first carbon-capture modules to ExxonMobil.

FuelCell Energy Company Profile

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.