Hydrogen for the future

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12 Best Alternative Energy Stocks To Buy Now

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

Number of Hedge Fund Holders: 10

FuelCell Energy, Inc. (NASDAQ:FCEL) is a Connecticut-based company specializing in fuel cell technology, which is an alternative to conventional combustion-based power generation. FuelCell Energy, Inc. (NASDAQ:FCEL) operates in the renewable energy, fuel cells, carbon capture, and energy storage industries.

Canaccord analyst George Gianarikas on October 21 initiated coverage of FuelCell Energy, Inc. (NASDAQ:FCEL) with a Hold rating and a $3.25 price target. FuelCell Energy, Inc. (NASDAQ:FCEL)’s management embarked on "a rather aggressive and transformational turnaround in 2019" and appears to be well positioned to benefit from the increased global interest in hydrogen, said the analyst. While he is bullish on fuel cell technology, the analyst needs to see more orders before becoming incrementally positive.

According to Insider Monkey’s second quarter database, 10 hedge funds were long FuelCell Energy, Inc. (NASDAQ:FCEL), compared to 16 funds in the prior quarter. D E Shaw held the leading stake in the company, comprising 8.3 million shares worth $31 million.

Like NextEra Energy, Inc. (NYSE:NEE), Enphase Energy, Inc. (NASDAQ:ENPH), and First Solar, Inc. (NASDAQ:FSLR), FuelCell Energy, Inc. (NASDAQ:FCEL) is one of the best clean energy stocks to invest in.

https://finance.yahoo.com/news/12-best-alternative-energy-stocks-203334654.html