FuelCell Energy Inc is trading 5.8% down now at $16.66 as investors take profits following a multi-day rally driven by bullish analyst activity and data-center optimism.
- Jefferies recently more than doubled its price target to $16.00, following earlier target hikes from B. Riley and Canaccord Genuity tied to surging demand for fuel-cell solutions in the data-center sector.
- The stock is experiencing a pullback after trading above many recent valuation estimates and analyst targets.
- Despite today's decline, the company remains in focus as a key provider for power-hungry AI infrastructure.