FuelCell Energy Inc. (FCEL) shares jumped on Thursday after the company announced it had added a heavy hitter from the tech and cybersecurity world to its board. The stock was up about 25.67% at $25.41 at the time of writing, according to market data.
The new board member is John Livingston, a veteran with more than 25 years of experience in strategy, technology, and cybersecurity. He was appointed effective May 19, 2026. His background fits neatly with FuelCell's mission of providing resilient power solutions — a selling point that's becoming more important as demand for clean energy grows and cyber threats to infrastructure become a bigger concern.
Technical Picture: Bullish Momentum Intact
FuelCell Energy has been on an absolute tear over the past year, with the stock up a staggering 487.70%. That kind of move doesn't happen without some serious momentum, and the charts suggest that momentum is still there. The stock continues to trade well above its key short- and long-term moving averages, which is a classic sign of a strong uptrend.
The MACD indicator — a tool traders use to gauge momentum — is above its signal line, suggesting that downside pressure is easing and the bullish trend has room to run. In plain English, the technicals are saying the stock could keep climbing.
Earnings Preview: What to Watch
FuelCell is set to report its next quarterly results on June 8, 2026. Here's what analysts are expecting:
- EPS Estimate: A loss of 47 cents per share, an improvement from a loss of $1.79 a year ago.
- Revenue Estimate: $41.57 million, up from $37.41 million in the same quarter last year.
Analysts are cautiously optimistic. The stock carries a consensus Hold rating, with an average price target of $9.00. That's well below the current price, so the market is clearly pricing in a lot of optimism already. Recent analyst moves include:
- Wells Fargo: Underweight, with a price target lowered to $6.00 (March 10).
- Canaccord Genuity: Hold, maintaining a $12.00 target (December 19, 2025).
- UBS: Neutral, raising its target to $7.25 (September 17, 2025).
ETF Exposure: FuelCell's Weight in Hydrogen Funds
For investors who prefer ETFs, FuelCell Energy has a notable presence in a couple of hydrogen-focused funds. The stock makes up 4.28% of the Global X Hydrogen ETF (HYDR) and 6.56% of the Defiance Next Gen H2 ETF (HDRO). That means any big inflows or outflows from these ETFs can automatically trigger buying or selling of FCEL shares — something to keep an eye on if you're trading the stock.
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