FuelCell Energy (NASDAQ:FCEL) Shares Gap Up Following Analyst Upgrade

Market Beat
2026.06.09 16:35
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FuelCell Energy (NASDAQ:FCEL) shares gapped up to $18.05 following B. Riley Financial's price target increase from $8.00 to $13.00, though the firm maintained a neutral rating. The stock traded at $19.53 with significant volume. Other analysts like Jefferies and TD Cowen also adjusted targets or ratings. Despite recent positive sentiment regarding AI data center demand and facility expansion, Q2 results showed weak revenue and losses. Institutional investors increased holdings, with hedge funds owning 42.78% of the stock.