Citigroup Initiates Coverage On FuelCell Energy with Neutral Rating, Announces Price Target of $19
Citigroup analyst Vikram Bagri initiates coverage on FuelCell Energy (NASDAQ:FCEL) with a Neutral rating and announces Price Target of $19.
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FuelCell Energy is rising Friday, attempting a modest rebound as investors weigh long-term AI power demand against near-term margin pressure.
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Citigroup analyst Vikram Bagri initiates coverage on FuelCell Energy (NASDAQ:FCEL) with a Neutral rating and announces Price Target of $19.
A class action lawsuit has been filed against FuelCell Energy, Inc. alleging the company made false and misleading statements regarding its manufacturing capacity, production rates under a capital equipment purchase agreement with Fit Energy, and profitability. The lawsuit covers securities purchased between June 24, 2026 and September 1, 2026. Investors can apply to be lead plaintiff until November 10, 2026.
Bloom Energy and FuelCell Energy are competing to power AI data centers. Bloom Energy has emerged as the market leader with $1.065B in Q2 2026 revenue (up 166% YoY), a $20B backlog, and a 225% year-to-date stock surge, but trades at a premium valuation. FuelCell Energy is a riskier, earlier-stage play with a $3.6B backlog and recent $300M capital raise, but faces execution challenges and currently operates at a loss.