Jefferies Upgrades FuelCell Energy Stock Following Strategic Partnership with Fit Energy

Jefferies upgraded FuelCell Energy (FCEL) to a 'Buy' and raised its price target to $24, citing the company's strategic partnership with Fit Energy U.S. for supplying up to 380 MW of clean power for data centers. The analyst highlighted FCEL’s growing backlog and valuation discount relative to Bloom Energy.

By Wajeeh Khan Sat, June 27, 2026 at 12:05 AM GMT+3 3 min read · Yahoo Finance · June 26, 2026, 21:05 UTC

Tickers: $FCEL

Topics: data center power FuelCell Energy green hydrogen Jefferies upgrade

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