UBS has revised its price target for FuelCell Energy (FCEL, Financial), reducing it from $13.75 to $4.50. Despite maintaining a Neutral rating on the stock, the investment firm highlights FuelCell's strategic pivot towards cost reduction and an increased focus on greenfield and brownfield data center opportunities.
The adjustment in the price target reflects the anticipation of short-term macroeconomic challenges. However, UBS emphasizes the long-term demand for natural gas-based power, which is forecasted to continue expanding. This demand is expected to ultimately benefit FuelCell as the company navigates through the current market landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for FuelCell Energy Inc (FCEL, Financial) is $10.21 with a high estimate of $13.75 and a low estimate of $5.00. The average target implies an upside of 148.98% from the current price of $4.10. More detailed estimate data can be found on the FuelCell Energy Inc (FCEL) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, FuelCell Energy Inc's (FCEL, Financial) average brokerage recommendation is currently 3.3, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FuelCell Energy Inc (FCEL, Financial) in one year is $38.45, suggesting a upside of 837.8% from the current price of $4.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FuelCell Energy Inc (FCEL) Summary page.
