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FuelCell Energy Just Got a Wake-Up Call From Wall Street

Investing.com·
FuelCell Energy Just Got a Wake-Up Call From Wall Street

FuelCell Energy surged over 12% following a Canaccord Genuity upgrade from Hold to Buy with a $30 price target. The upgrade reflects growing recognition that fuel cell technology is essential for powering AI data centers. The company's sales pipeline grew 267% sequentially to 4 GW, with 89% from potential AI data center clients. FuelCell Energy is investing $200-275 million to expand manufacturing capacity to meet anticipated demand.

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