FCEL Stock: $9 Target By Wells Fargo

By Amit Chowdhry ● May 1, 2021
  • The shares of FuelCell Energy Inc (NASDAQ: FCEL) have received a $9 price target by Wells Fargo. These are the details.

The shares of FuelCell Energy Inc (NASDAQ: FCEL) have received a $9 price target by Wells Fargo. And Wells Fargo analyst Praneeth Satish initiated coverage of FuelCell with an “Underweight” rating.

Satish believes that FuelCell’s commercialization is behind its peers. And even though FuelCell has a number of growth opportunities like stationary power, distributed hydrogen, long-duration hydrogen storage, and carbon capture, Satish struggles to see a path for the company’s stock to “grow into its current valuation” due to the lag.

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