5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

4. FuelCell Energy, Inc. (NASDAQ:FCEL)

Number of Hedge Fund Holders: 12

Average Upside Potential as of February 10: 15.16%

FuelCell Energy, Inc. (NASDAQ:FCEL) is a leading manufacturer of stationary fuel cell energy platforms, enabling the decarbonization of power and the production of hydrogen. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland and serves a variety of industries including utilities, industrials, health care, data centers, and hydrogen transportation among others.

FuelCell Energy, Inc. (NASDAQ:FCEL) is ranked among the most promising hydrogen and fuel cell stocks to buy according to analysts. The stock has a consensus Hold rating among analysts and has an average price target of $3.95. The average price target represents an upside of 15.16% from current levels. As of February 10, FuelCell Energy, Inc. (NASDAQ:FCEL) is trading at $3.43 per share.

On December 21, 2022, B. Riley analyst Christopher Souther revised his price target on FuelCell Energy, Inc. (NASDAQ:FCEL) to $4 from $5 and maintained a Neutral rating on the shares.

At the close of Q3 2022, 12 hedge funds were bullish on FuelCell Energy, Inc. (NASDAQ:FCEL) and held stakes worth $57 million in the company.