FuelCell Energy (NASDAQ:FCEL) Stock Rated Equal Weight in New Coverage at Barclays

Barclays assumed coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $20.00 price target on the energy company’s stock.

A number of other research firms also recently issued reports on FCEL. TD Cowen reiterated 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. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, September 8th. UBS Group upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.00 to $27.00 in a report on Tuesday, July 14th. Wells Fargo & Company raised their target price on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen lowered shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FuelCell Energy currently has a consensus rating of “Hold” and a consensus price target of $21.56.

FuelCell Energy Stock Up 0.6%

NASDAQ:FCEL opened at $16.49 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.77 and a current ratio of 8.67. The company has a market cap of $1.32 billion, a PE ratio of -4.81 and a beta of 2.35. FuelCell Energy has a 52-week low of $5.71 and a 52-week high of $37.88. The stock has a 50-day simple moving average of $18.91 and a 200 day simple moving average of $16.81.

FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $38.79 million. On average, sell-side analysts expect that FuelCell Energy will post -2.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Homer Livingston, III acquired 16,404 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were bought at an average price of $15.05 per share, for a total transaction of $246,880.20. Following the purchase, the director directly owned 42,747 shares in the company, valued at approximately $643,342.35. This trade represents a 62.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shankar Achanta sold 2,500 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale is available in the SEC filing. 5.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On FuelCell Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in FuelCell Energy by 444.4% during the second quarter. Allworth Financial LP now owns 1,301 shares of the energy company’s stock worth $47,000 after acquiring an additional 1,062 shares in the last quarter. NewEdge Advisors LLC lifted its stake in FuelCell Energy by 301.3% in the second quarter. NewEdge Advisors LLC now owns 1,605 shares of the energy company’s stock valued at $58,000 after acquiring an additional 1,205 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of FuelCell Energy in the 1st quarter valued at about $88,000. Hollencrest Capital Management bought a new position in shares of FuelCell Energy in the 2nd quarter valued at about $90,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of FuelCell Energy in the 2nd quarter valued at about $120,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FuelCell Energy

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

• Positive Sentiment: FuelCell Energy’s Tri-gen platform, which produces hydrogen, electricity and water, is being positioned for transportation, industrial and data-center applications. The technology could support longer-term growth if the company converts interest in dependable, low-carbon power into contracts. FCEL Targets Hydrogen Growth With Versatile Tri-gen Platform
• Neutral Sentiment: Barclays began coverage with an “Equal Weight” rating and a $20 price target, implying potential upside from the referenced $16.49 level, but the rating suggests limited conviction that FCEL will outperform the broader market. Barclays coverage reference
• Negative Sentiment: Multiple law firms announced or promoted a securities-fraud class action covering investors who purchased FCEL shares primarily between June 24 and September 1, 2026. The notices allege that FuelCell Energy failed to disclose unfavorable Fit Energy contract economics and manufacturing-cost issues. The allegations have not been proven, but the number of announcements increases reputational, legal and potential financial risks. The lead-plaintiff deadline is November 10, 2026. FCEL class-action notice
• Negative Sentiment: Fuel-cell stocks broadly sold off as rising Treasury yields increased the cost of capital for capital-intensive clean-energy projects, making future financing and expansion more difficult. Fuel cell stocks slide on higher Treasury yields
• Negative Sentiment: Barclays’ Hold-equivalent rating follows investor concerns about execution and valuation. Those concerns are compounded by FuelCell Energy’s recent quarterly revenue and earnings miss, continuing losses, and allegations that manufacturing costs exceeded contractual pricing, potentially resulting in significant charges.

About FuelCell Energy

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.