Analyst Price Target is $8.75
▲ +25.00% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for FuelCell Energy in the last 3 months. The average price target is $8.75, with a high forecast of $9.00 and a low forecast of $8.00. The average price target represents a 25.00% upside from the last price of $7.00.
Current Consensus is
The current consensus among 6 polled investment analysts is to hold stock in FuelCell Energy. This rating has held steady since November 2020, when it changed from a Sell consensus rating.
FuelCell Energy, Inc. develops environmentally responsible distributed baseload power solutions through proprietary molten-carbonate fuel cell technology. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. It provides solutions for various applications, including utility-scale distributed generation, on-site power generation, combined heat and power, distributed hydrogen, carbon capture and hydrogen-based long duration storage. The Company's platform has the differentiating ability to do all these applications utilizing multiple sources of fuel including natural gas, renewable biogas, propane among others sources. The company was founded in 1969 and is headquartered in Danbury, CT.