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

Oppenheimer said growing power needs from data centers could drive strong demand for FuelCell’s energy products and support future growth. The brokerage said the company’s planned expansion could help it meet demand and support faster revenue growth in coming years. Six of 12 brokerages rate the stock “buy” or higher, four rate it “hold” and two rate it “sell”; the median price target is $21. FuelCell shares had more than doubled year to date, including the session’s gain.