Financial Data by Mer_Studio via Shutterstock
FuelCell Energy (FCEL) has been on a wild ride lately. FCEL stock is up more than 250% over the past year, despite trading more than 50% below its 52-week high. Now one major Wall Street firm says the pullback might be a buying opportunity.
Based in Danbury, Connecticut, FuelCell builds power systems that run on fuel cells instead of the traditional electric grid. That technology has become a hot topic as data centers scramble for electricity to run artificial intelligence (AI) workloads. A fresh call from top investment bank UBS suggests FCEL stock could still have significant room to run, even after its huge yearly gain.
