In a report issued Wednesday, Stifel initiated coverage on FuelCell Energy FCEL with a rating of Buy and a target price of $2.90.
Analyst Sven Eenmaa sees that FuelCell is an increasingly cost-competitive source of energy, which makes it very attractive. Eenmaa also sees that FuelCell's technology remains "largely untapped," which could mean for a bright future.
One project pipeline that Stifel highlighted in conjunction with NRG Energy could be an up to $12 billion market opportunity.
Shares of FuelCell Energy are surging, up 7.62 percent to $2.40.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in