Shares of this cleantech stock could double on AI data center demand, says Canaccord Genuity

CNBC Top News ·

Shares of this cleantech stock could double on AI data center demand, says Canaccord Genuity

Disappointing earnings sent shares of FuelCell Energy down more than 10% on Monday. But Canaccord Genuity thinks investors should ignore the decline and get into the stock now. …

Disappointing earnings sent shares of FuelCell Energy down more than 10% on Monday. But Canaccord Genuity thinks investors should ignore the decline and get into the stock now. The firm upgraded its rating on the clean energy stock to buy from hold, and hiked its price target to $30. That indicates a more than 93% gain from Monday's close. Shares tumbled on Monday after the company reported fiscal second-quarter revenues that came in lighter than expected. …

Original source: CNBC Top News

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