FuelCell Energy (NASDAQ:FCEL) Research Coverage Started at Citigroup

Citigroup assumed coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $19.00 price target on the energy company’s stock.

Several other equities analysts also recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, August 17th. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price objective on shares of FuelCell Energy in a research report on Thursday, September 3rd. Wall Street Zen downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. B. Riley Financial upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $32.00 in a research report on Monday, June 29th. Finally, 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 note on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy presently has an average rating of “Hold” and a consensus price target of $21.75.

FuelCell Energy Stock Up 14.3%

Shares of FCEL opened at $17.71 on Tuesday. The company has a quick ratio of 7.77, a current ratio of 8.67 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $19.18 and a 200 day moving average of $16.49. The company has a market cap of $1.42 billion, a PE ratio of -5.16 and a beta of 2.35. FuelCell Energy has a 52-week low of $5.71 and a 52-week high of $37.88.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data 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). FuelCell Energy had a negative net margin of 113.60% and a negative return on equity of 16.85%. The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate of $38.79 million. On average, sell-side analysts expect that FuelCell Energy will post -2.09 EPS for the current year.

Insider Activity at FuelCell Energy

In other news, Director Homer Livingston, III acquired 16,404 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $15.05 per share, with a total value of $246,880.20. Following the completion of the purchase, the director directly owned 42,747 shares in the company, valued at $643,342.35. This trade represents a 62.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $71,775.00. Following the transaction, the executive vice president owned 2,618 shares in the company, valued at $75,162.78. The trade was 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 owned by corporate insiders.

Hedge Funds Weigh In On FuelCell Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in FCEL. Dimensional Fund Advisors LP increased its position in FuelCell Energy by 459.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,536 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 256,640 shares during the period. Bank of America Corp DE raised its holdings in shares of FuelCell Energy by 1,298.3% in the 1st quarter. Bank of America Corp DE now owns 190,724 shares of the energy company’s stock valued at $1,245,000 after purchasing an additional 177,084 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of FuelCell Energy in the 2nd quarter worth approximately $6,094,000. Baird Financial Group Inc. purchased a new stake in shares of FuelCell Energy in the 2nd quarter worth approximately $31,193,000. Finally, Tidal Investments LLC boosted its stake in shares of FuelCell Energy by 61.1% during the second quarter. Tidal Investments LLC now owns 244,049 shares of the energy company’s stock valued at $8,788,000 after purchasing an additional 92,572 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy News Roundup

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

• Positive Sentiment: The U.S. House passed the Ratepayers Protection Act, which would require technology and data-center operators—not utility ratepayers—to fund power-grid upgrades associated with new facilities. The measure could improve the competitive position of FuelCell Energy’s on-site fuel-cell systems and microgrid solutions as data-center electricity demand grows. Data-center power policy article
• Positive Sentiment: Director Homer John Livingston III purchased 16,404 shares for approximately $247,000, increasing his holdings by about 62%. The insider purchase may signal confidence in the company’s longer-term outlook, although it does not resolve FuelCell Energy’s operating losses or execution risks. Insider purchase article
• Neutral Sentiment: Citigroup initiated coverage of FCEL with a Neutral rating and a $19 price target. Citi reportedly sees limited near-term revenue visibility because of FuelCell Energy’s modest backlog, tempering the potential benefit from data-center demand. Citigroup coverage article
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased FuelCell Energy securities from June 24 through September 1, 2026. The allegations center on claims that the company did not adequately disclose production and delivery problems under its Fit Energy agreement, including output below contractual requirements, limited manufacturing capacity, higher costs and potential charges. The allegations have not been proven, but the case creates legal, reputational and possible financial risks. The lead-plaintiff deadline is November 10, 2026. FuelCell Energy class-action alert
• Negative Sentiment: Separate commentary highlighted concerns that FuelCell Energy may be selling power at a loss while attempting to fulfill a major artificial-intelligence-related contract, reinforcing investor scrutiny of execution, margins and the company’s ability to scale profitably. FuelCell Energy contract analysis

FuelCell Energy Company Profile

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.