Pivotal Point Tracking FuelCell Energy (FCEL): Off-Grid Power Supply for Server Farms – Oppenheimer Sets Price Target at $24

FuelCell Energy is a developer of commercial fuel cell power plants for decentralized electricity and hydrogen generation. On September 29, the initial rating from the analysis firm Oppenheimer with a grade of "Outperform" and a price target of $24.00 triggered a gap up in the stock price. Although the company reported a loss of $45.3 million on $33.0 million in revenue in the most recent quarter, it has a liquid cushion of approximately $737 million. The modular platforms provide continuous baseload energy right at the point of consumption. FuelCell...