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FCEL — FuelCell Energy News Story

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Oppenheimer starts coverage on FuelCell with 'overweight'; shares rise

BUZZ-Oppenheimer starts coverage on FuelCell with 'overweight'; shares rise

** Brokerage Oppenheimer initiates coverage with "overweight" and a $24 PT, a premium of 48% from Monday's close of $16.14

** Shares rose 8.1% at $17.4

** Says growing power needs from data centers could drive strong demand for co's energy products and support future growth

** FCEL's planned expansion would help it meet growing demand and support faster revenue growth in the coming years

** Six of 12 brokerages rate the stock "buy" or higher, four "hold" and two "sell"; median PT is $21

** Including session's move, stock more than doubled YTD


(Reporting by Anand Gopal in Bengaluru)

((AnandGopal.R@thomsonreuters.com))

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