BUZZ - Oppenheimer initiates coverage on FuelCell with an "Outperform" rating; stock price rises

September 29 - ** Oppenheimer & Co initiates coverage of the stock with an "Outperform" rating and a target price of $24, representing a 48% premium over Monday's closing price of $16.14

** The stock rose 8.1%, to $17.4

** The institution stated that the increasing power demand of data centers is expected to drive strong demand for the company's energy products and support future growth

** FCEL's planned expansion will enable it to meet growing demand and drive faster revenue growth in the coming years

** Of 12 brokerages, 6 have a "Buy" or higher rating on the stock, 4 have a "Hold" rating, and 2 have a "Sell" rating; the median target price is $21

** Including the gains from this trading day, the stock has more than doubled so far this year

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