---
title: "These Analysts Boost Their Forecasts On FuelCell Energy Following Q2 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289206183.md"
description: "FuelCell Energy reported Q2 losses of $0.53 per share and sales of $35.59 million, both missing estimates. Despite poor financials, analysts upgraded price targets due to strong commercial momentum in data center strategies. Canaccord Genuity raised its target to $30 (Buy), while TD Cowen increased its target to $16 (Hold). Shares surged 20.6% to $18.68 following the announcement."
datetime: "2026-06-09T14:23:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289206183.md)
  - [en](https://longbridge.com/en/news/289206183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289206183.md)
---

# These Analysts Boost Their Forecasts On FuelCell Energy Following Q2 Results

**FuelCell Energy Inc** (NASDAQ:FCEL) on Monday reported worse-than-expected second-quarter financial results.

FuelCell Energy reported quarterly losses of 53 cents per share which missed the analyst consensus estimate of losses of 52 cents per share. The company reported quarterly sales of $35.589 million which missed the analyst consensus estimate of $40.496 million.

“This past quarter reflected strong commercial momentum and disciplined operational execution across the business, including continued progress on our data center strategy,” said Jason Few, President and CEO of FuelCell Energy. “Our carbonate fuel cell platform was designed from inception as a megawatt-scale distributed generation solution and has been proven through more than two decades of commercial operations. Unlike architectures that aggregate numerous sub-scale units to achieve meaningful output, FuelCell Energy deploys utility-scale energy blocks capable of bringing resilient, continuous power directly to the customer. In effect, we are focused on extending the grid to the data center, enabling customers to accelerate time-to-power, reducing dependence on constrained transmission infrastructure, removing permitting friction, and supporting the growing energy demands of AI-driven compute environments with proven, scalable technology.”

FuelCell Energy shares gained 20.6% to $18.68 on Tuesday.

These analysts made changes to their price targets on FuelCell Energy following earnings announcement.

-   Canaccord Genuity analyst George Gianarikas upgraded FuelCell Energy from Hold to Buy and raised the price target from $12 to $30.
-   TD Cowen analyst Jeff Osborne maintained the stock with a Hold and raised the price target from $9 to $16.

**Considering buying FCEL stock? Here’s what analysts think:**

_Photo via Shutterstock_

### Related Stocks

- [FCEL.US](https://longbridge.com/en/quote/FCEL.US.md)

## Related News & Research

- [FuelCell Energy Stock Is Surging Tuesday: What's Driving The Move?](https://longbridge.com/en/news/289200625.md)
- [Assessing FuelCell Energy (FCEL) Valuation After A Steep Rally And Sharp Single Day Pullback](https://longbridge.com/en/news/288755220.md)
- [FuelCell Energy Says Data Centers Account For Nearly 90% Of Its Pipeline](https://longbridge.com/en/news/289076761.md)
- [Top Wall Street Forecasters Revamp FuelCell Energy Expectations Ahead Of Q2 Earnings](https://longbridge.com/en/news/289030153.md)
- [FuelCell Energy (FCEL) Reports Q1: Everything You Need To Know Ahead Of Earnings](https://longbridge.com/en/news/288946132.md)