Why FuelCell Energy Stock Is Plummeting Today
Key Points
Shares of FuelCell Energy performed well in the first few days of October.
FuelCell Energy announced a new member of its management team.
Investors with lower risk tolerances may prefer to choose one of FuelCell Energy's peers.
- 10 stocks we like better than FuelCell Energy ›
Before the market opened this morning, FuelCell Energy(NASDAQ:FCEL) had flourished in October, soaring almost 26%. With the fuel cell and hydrogen company announcing a change in the C-suite and commenting on its fourth-quarter 2027 guidance, however, investors are clearly more motivated to click the sell button.
As of 1:39 p.m. ET, shares of FuelCell Energy are down 14.5%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Management remains steadfast in its Q4 2027 forecast
FuelCell Energy announced today that Matthew Latino has joined the leadership team and is now serving as the company’s executive vice president, chief financial officer (CFO), and treasurer, replacing Michael Bishop, who served as the company's CFO for the past 15 years.
Previously, Latino had served as senior vice president, finance and segment chief financial officer for Xylem and its nearly $2 billion measurement and control solutions business.
Besides the transition in management, FuelCell Energy announced it was reaffirming its target of achieving positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the fourth quarter of fiscal 2027, "subject to the planned increase in annualized production rate, the conversion of awarded capacity backlog into committed backlog, customer delivery schedules and continued execution of the Company's cost reduction initiatives."
FuelCell Energy reported Q3 2026 financial results in early September, including adjusted EBITDA of negative $36.7 million.
Is FuelCell Energy stock a buy on today's dip?
While investors may see the transition on the management team as something troubling, it seems to be much ado about nothing. Similarly, some investors are likely selling shares due to the company reaffirming its target of achieving positive adjusted EBITDA in Q4 2027 — impatient to wait so long to see the improvement in profitability.
Although shares are trading at a lower price today, it's important to recognize that this hydrogen stock remains highly speculative, so those with low risk tolerances may prefer to consider one of FuelCell Energy’s more established peers for hydrogen-industry exposure.
Should you buy stock in FuelCell Energy right now?
Before you buy stock in FuelCell Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and FuelCell Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $370,440!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,470,022!*
Now, it’s worth noting Stock Advisor’s total average return is 955% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of October 7, 2026.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Xylem. The Motley Fool has a disclosure policy.
Recommended Articles
