FuelCell Energy (NASDAQ:FCEL) Sees Strong Trading Volume on Analyst Upgrade

FuelCell Energy, Inc. (NASDAQ:FCEL) saw unusually-high trading volume on Friday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. Jefferies Financial Group now has a $24.00 price target on the stock, up from their previous price target of $16.00. 4,157,071 shares changed hands during trading, a decline of 26% from the previous session’s volume of 5,650,483 shares.The stock last traded at $23.3330 and had previously closed at $19.65.

Other equities analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research note on Tuesday, June 9th. B. Riley Financial upped their target price on FuelCell Energy from $8.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Wells Fargo & Company lifted their price target on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.38.

Key Stories Impacting FuelCell Energy

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

• Positive Sentiment: FuelCell Energy announced a multi-phase deal with Fit Energy USA LP to supply up to 380 MW of fuel cell power for data centers, a meaningful step toward expanding its pipeline and capturing demand tied to AI-driven infrastructure. FuelCell Energy (FCEL) Lands 380 MW Data Center Power Deal With Fit Energy
• Positive Sentiment: Jefferies Financial Group upgraded FCEL from “hold” to “buy” and set a $24 price target, signaling confidence that the stock still has room to run from recent levels. Jefferies upgrades FuelCell Energy
• Neutral Sentiment: Recent coverage highlighted that FCEL’s AI/data-center opportunity is growing, but investors are still waiting for more signed orders and clearer backlog conversion before assigning a stronger long-term valuation. FCEL Stock Outlook Hinges on AI Demand and Scale in 2026
• Negative Sentiment: Some traders took profits after the recent rally, and shares pulled back intraday as the market digested the size of the prior move and continued concerns about losses and funding needs. FuelCell Energy Drops 10%, Bloom Energy Falls 7%

Institutional Investors Weigh In On FuelCell Energy

Several institutional investors have recently bought and sold shares of FCEL. Legal & General Group Plc purchased a new position in FuelCell Energy in the fourth quarter worth $21,149,000. Invesco Ltd. increased its position in shares of 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 purchasing an additional 647,151 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at $9,348,000. Renaissance Technologies LLC boosted its position in shares of FuelCell Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock worth $8,915,000 after purchasing an additional 150,600 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of FuelCell Energy by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after purchasing an additional 23,981 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Performance

The firm has a fifty day simple moving average of $17.60 and a two-hundred day simple moving average of $11.21. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -3.59 and a beta of 2.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The company had revenue of $35.59 million for the quarter, compared to analyst estimates of $40.47 million. During the same quarter in the previous year, the company posted ($1.79) EPS. On average, analysts expect that FuelCell Energy, Inc. will post -1.84 EPS for the current year.

About FuelCell Energy

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.