FuelCell Energy edges higher as traders weigh latest earnings

FuelCell Energy Inc. (NASDAQ: FCEL ) shares are trading marginally higher Friday morning as traders continue to weigh the company’s recent earnings results.

Here’s what investors need to know.

FuelCell Energy stock is gaining positive traction.

Why are FCEL shares climbing? What Is FuelCell Energy’s Current Catalyst? FuelCell Energy’s latest quarter added fresh fundamental friction after gross loss widened nearly fivefold to $24.5 million, including $17 million in charges tied to the initial phase of its FIT Energy agreement.

The company also flagged operational headwinds, with the 7.4-megawatt Groton Project at a U.S.

Navy submarine base offline for an equipment upgrade.

FuelCell Energy’s call also put hard dates on its scale-up plan, targeting a Torrington, Connecticut production rate of 100 megawatts by October 2026 and 500 megawatts by June 2028.

Management reiterated the fourth-quarter 2027 goal for positive adjusted EBITDA but tied it directly to converting pipeline into backlog and scaling efficiently.

On the strategic side, FuelCell Energy highlighted its first order for Energy Blocks for data center applications and said backlog rose to $3.6 billion, including $2.4 billion in awarded capacity backlog.

Management also reiterated a target to reach positive adjusted EBITDA by fourth-quarter 2027, contingent on scaling production and converting pipeline into backlog.

FCEL Stock: Critical Levels To Watch From a trend perspective, FCEL is still in "repair mode" after the April break below support, and the stock remains stretched to the downside versus its shorter-term trend gauges.

At $14.58, shares are trading 24.2% below the 20-day SMA ($19.18) and 32% below the 50-day SMA ($21.40), which typically keeps rallies more prone to selling until those averages start flattening and price can reclaim them.

The bigger-picture trend is more mixed: FCEL is 8.7% above its 200-day SMA ($13.38), but still below the 200-day EMA ($15.25), putting the stock right around a key long-term "line in the sand" zone.

That tension matters because the 50-day SMA remains above the 200-day SMA (a golden cross that occurred in October 2025), yet the shorter-term 20-day SMA is below the 50-day SMA, signaling the near-term trend is still pointed down even if the longer-term structure hasn’t fully broken.

Momentum also leans cautious: MACD is below its signal line and the histogram is negative, which points to fading upside pressure versus the prior upswing.

In plain terms, when MACD sits below its signal line, it often means buyers are losing control unless the stock can re-accelerate and flip that relationship back in its favor.

Key Support: $11.50 — a nearby level where buyers previously stepped in, and a zone that sits well above the $3.81 52-week low but below the 200-day SMA ($13.38), making it a key "must-hold" area if the pullback deepens.

FCEL Stock Price Action Friday Morning FCEL Stock Price Activity: FuelCell Energy shares were up 0.27% at $14.71 on Friday, according to Pro data.

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