Wall Street Turns Bullish On FCEL<\/p>\n
UBS analyst Manav Gupta cited FuelCell\u2019s recently announced strategic partnership with Fit Energy USA as the basis for the bullish outlook on the company.<\/p>\n
Gupta highlighted that the agreement includes an expanded production plan targeting up to 500 MW annually, supported by a planned $200 million to $275 million investment over the next 24 months.<\/p>\n
Jefferies upgraded FuelCell Energy to \u2018Buy\u2019 from \u2018Hold\u2019 and raised its price target to $24 from $16 following the agreement with Fit Energy to provide power for data centers using its utility-scale fuel cell technology.<\/p>\n
The firm said FuelCell’s outlook has shifted from a “show me” story to one focused on executing a visible backlog, while its “deep valuation discount” relative to Bloom Energy Corp. (BE) creates an “asymmetric entry point” for investors.<\/p>\n
FCEL CEO Says Deal Validates Decision To Expand Capacity<\/p>\n
FuelCell\u2019s agreement with Fit Energy, announced Wednesday, includes an immediate deposit for an initial 30 MW of power, with deliveries expected to begin later this year.<\/p>\n
FuelCell Energy said Fit Energy could also receive warrants tied to future deployment milestones of up to 380 MW, a structure designed to align incentives with project execution and customer deployments.<\/p>\n
CEO Jason Few said the deal validates the company’s decision to expand annual production capacity to 500 MW to meet growing demand from data center customers.<\/p>\n
\u201cWe\u2019ve engaged with a diverse range of prospective customers across the digital infrastructure landscape, and Fit Energy has distinguished itself through its commitment to \u2018energy as a service\u2019 power solutions that support both communities and the environment,\u201d Few added.<\/p>\n
What Retail Investors Think Of FCEL Stock<\/p>\n
Retail sentiment on Stocktwits around FuelCell trended in the \u2018bullish\u2019 territory, with message volumes at \u2018high\u2019 levels at the time of writing.<\/p>\n
FCEL stock<\/a> is up 240% year-to-date and 317% over the past 12 months. The Invesco WilderHill Clean Energy ETF (PBW) is up 86% over the past 12 months, while the S&P Kensho New Economies Composite ETF (KOMP) is up 27%.<\/p>\n Also See:\u00a0Micron Added Over $1.2 Trillion In Market Cap In A Year \u2014 This Analyst Says The AI Memory Rally Has More Room To Run<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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