FuelCell Energy Stock Forecast

Stock Price Forecast

According to 4 professional analysts, the 12-month price target for FuelCell Energy stock ranges from a low of $7.25 to a high of $12. The average analyst price target of $8.91 forecasts a 6.45% increase in the stock price over the next year.

Price Target: $8.91 (+6.45%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$7.25	$8.91	$8.40	$12
Change	-13.38%	+6.45%	+0.36%	+43.37%

* Price targets were last updated on Sep 17, 2025.

Analyst Ratings

The average analyst rating for FuelCell Energy stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	5	5	4	4	4	4
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	6	6	5	5	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Manav Gupta UBS	UBS	Hold Maintains $4.5 → $7.25	Hold	Maintains	$4.5 → $7.25	-13.38%	Sep 17, 2025
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $12	Hold	Maintains	$12	+43.37%	Sep 15, 2025
Christopher Souther B. Riley Securities	B. Riley Securities	Hold Maintains $9 → $8	Hold	Maintains	$9 → $8	-4.42%	Jun 13, 2025
Manav Gupta UBS	UBS	Hold Maintains $14 → $4.5	Hold	Maintains	$14 → $4.5	-46.24%	Apr 13, 2025
Christopher Souther B. Riley Securities	B. Riley Securities	Hold Maintains $12 → $9	Hold	Maintains	$12 → $9	+7.53%	Mar 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

150.82M

from 112.13M

34.50%

from 112.13M

Revenue Next Year

189.49M

from 150.82M

25.64%

from 150.82M

EPS This Year

-5.10

from -7.83

EPS Next Year

-3.37

from -5.10

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026
Revenue	70.87M	69.59M	130.48M	123.39M	112.13M	150.82M	189.49M
Revenue Growth	16.66%	-1.82%	87.52%	-5.43%	-9.13%	34.50%	25.64%
EPS	-12.60	-9.34	-11.43	-7.92	-7.83	-5.10	-3.37
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	10	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	160.8M	227.6M
Avg	150.8M	189.5M
Low	130.0M	151.6M

Revenue Growth

Revenue Growth	2025	2026
High	43.4%	50.9%
Avg	34.5%	25.6%
Low	16.0%	0.5%

EPS Forecast

EPS	2025	2026
High	-5.18	-1.84
Avg	-5.10	-3.37
Low	-4.97	-4.61

EPS Growth

EPS Growth	2025	2026
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.