FuelCell Gets a Downgrade as Analyst Says Hydrogen Stocks Have Soared Too Far
Order Reprints Text size A vaporizer of liquid hydrogen gas in Japan. Hydrogen-linked stocks have soared this year. Yoshikazu Tsuno/AFP via Getty Images J.P. Morgan analyst Paul Coster is taking some of his hydrogen investing chips off the table after an epic run for hydrogen-linked stocks. Thursday, he downgraded stock in power equipment maker FuelCell Energy (ticker: FCEL) to the equivalent of Sell from Hold, and established a $10 price target, almost 50% below where shares closed Wednesday. The stock has climbed too far too fast for Costner. FuelCell stoc...