Oppenheimer Sees 49% Upside in FuelCell Energy on Data-Center Power Demand
FuelCell Energy received an Outperform rating and $24 target from Oppenheimer, citing on-site power demand from data centers.
FuelCell Energy received an Outperform rating and $24 target from Oppenheimer, citing on-site power demand from data centers.
Key catalysts: 380 MW Fit Energy deal and Siemens collaboration for data centers.
Siemens and FuelCell Energy signed an MoU to develop large-scale fuel cell solutions with electrical infrastructure for 100MW+ projects targeting data centers and clean energy demand.
Strong upside potential vs Bloom Energy.
Initial 30 MW deployment starts this year.
Canaccord just upgraded FuelCell Energy from Hold to Buy and raised its price target to $30 on major data center opportunities. "Transformative deal expected soon."