FuelCell Energy jumps as UBS upgrades to 'Buy'

FuelCell Energy

14/07/2026 14:11

** Shares of FuelCell Energy FCEL.O rise over 9% to $20.85 premarket after UBS upgrades the renewable power company to "buy" from "neutral"
** The brokerage also raises its price target on the stock from $22 to $27, an upside of 41.5% from its Monday close
** Says upgrade driven by FCEL's recent deal with Fit Energy, its newly announced product-development collaboration with Siemens and an ability to capture demand left by rivals shifting their focus toward significantly larger orders
** "If FuelCell Energy's solution performs as expected, we believe Fit Energy could ultimately move forward with the remaining ~350 MW outlined in the agreement" - UBS
** Adds that a potential significant follow-on order and any capacity expansion announcement can improve revenue visibility and be catalysts for the stock
** As of last close, FCEL shares up 161% YTD

 (Reporting by Sumit Saha in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))