FuelCell Energy Inc (FCEL)

[AgeOfReason]

One thing that gives me some hope of being able to buy FCEL back at about $11/share is that the most recent analyst (at least the most recent one at a big name company) to initiate coverage on FCEL did so with a price target of only $11/share (and with only a hold rating). For example see https://www.fool.com/investing/2021/01/07/why-literally-every-fuel-cell-stock-popped-today/ which is an article dated yesterday. It says '... Jefferies & Co., initiated coverage of [FuelCell] citing a rise in "fund flows" from investors interested in environmental stewardship, social responsibility, and corporate governance -- ESG investing -- as well as "favorable policy shifts in favor of renewables and hydrogen production, and progress on the company's own growth pivot."

And yet, citing heavy capital spending requirements and a high valuation, the most Jefferies could bring itself to give FuelCell stock was a hold rating, says StreetInsider.com -- and an $11 price target suggesting there's as much as 25% downside risk in the stock.' [Note the article is dated Jan. 7, 2021.]