Why FuelCell Energy Stock Just Popped

Core Viewpoint - FuelCell Energy's stock surged 22% following an analyst upgrade of a rival company, Plug Power, despite no direct mention of FuelCell in the upgrade [1][2]. Group 1: Analyst Insights - H.C. Wainwright raised Plug Power's price target from $3 to $7 per share, citing increased demand for electricity produced by fuel cells due to rising electricity prices [2][4]. - The analyst noted a preference for nuclear power stocks over hydrogen stocks, which raises questions about the sustainability of the price increase for both Plug and FuelCell [4][7]. Group 2: Market Dynamics - Plug Power has a short interest of 31%, making it susceptible to a short squeeze, which could explain the stock price increase [5]. - In contrast, FuelCell has a lower short interest of only 7%, suggesting less market speculation driving its stock price [5]. Group 3: Financial Performance - FuelCell Energy remains unprofitable, with no expectations for profitability before 2030, leading to skepticism about its stock performance [6][7]. - Analysts from The Motley Fool Stock Advisor have identified ten stocks they believe are better investment opportunities than FuelCell Energy [8].