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Will FuelCell Stock Reach $20 By 2022?

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Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

We surveyed a group of over 300 investors on whether shares of FuelCell (NASDAQ: FCEL) will reach $20 by 2022.

FuelCell Stock Forecast

FuelCell Energy designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions.

According to FuelCell, their systems are catered to meet the needs of customers across several industries, including utility companies, municipalities, universities, government entities and a variety of industrial and commercial enterprises.

The stock trades around $10.84 at publication time. Overwhelmingly, 80% of readers told us shares of FuelCell would reach $20 per share by the end of 2021.

Many respondents suggested the Biden administration’s embrace of clean energy will provide favorable business conditions for FuelCell in the coming years, providing strength to the electric vehicle, fuel cell and biogas industries at large.

See Also: Best Index Funds.

This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 300 adults.

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© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.