FBR Capital analyst Carter Driscoll came out yesterday with new ratings and price targets on a handful of energy stocks. Lets take a look and see what Driscoll has to say about Sunedison Inc (NYSE:SUNE), FuelCell Energy Inc (NASDAQ:FCEL) and Canadian Solar Inc. (NASDAQ:CSIQ).

According to TipRanks.com, analyst Carter Driscoll has a yearly average return of -17.2% and a 26% success rate. Driscoll is ranked #3486 out of 3643 analysts.

Sunedison Inc

Driscoll initiated coverage on shares of SunEdison with an Outperform rating and price target of $10.50, which implies an upside of 62% from current levels.

Driscoll wrote, “We believe SunEdison has one of the best business portfolios in the industry, consisting of solar upstream manufacturing assets, a large global pipeline with strong project origination, development capabilities, and the potential to monetize the value of its project pipeline through multiple financing options. However, faced with challenging capital markets, the company just undertook a shift in strategy that involves more third-party project and warehouse sales (versus asset dropdowns into its Yield Cos.), a focus on driving margin expansion and closing/integrating a somewhat controversial acquisition of residential solar developer, Vivint Solar.”

“We believe there are some early signs that the company is beginning to execute on the new strategy. We believe the company still faces some execution risks and is not suited for all investors, but the proposed ITC extension helps provide a tailwind to U.S. solar demand and could help unlock more value in the shares,” the analyst added.

FuelCell Energy Inc

Driscoll was out pounding the table on FuelCell Energy, initiating an Outperform rating and price target of $8, which implies an upside of 42.5% from current levels.

Driscoll stated, “FuelCell is capturing an increasing share of the distributed power generation market with its stationary fuel cells as multi-megawatt (MW) projects grow in number and size. While we recognize that state and local regulatory processes will influence the timing and execution of FuelCell’s order flow, the company is branching out into new opportunities, such as capturing carbon at U.S. coal-fired plants and selling distributed hydrogen for industrial applications.”

As of this writing, 3 analysts are bullish on FuelCell Energy. According to TipRanks, the average 12-month price target on the stock is $18.70, marking a 233% premium to current levels.

Canadian Solar Inc.

Finally, Driscoll initiated coverage on shares of Canadian Solar, with an Outperform rating and price target of $32, which implies an upside of 18% from current levels.

The analyst noted, “Canadian Solar is a top three solar PV module manufacturer globally, driven by its low-cost position and improving product performance. It has also built a geographically diversified solar project development business, which it is further monetizing through the pending launch of its Yield Co. vehicle. We believe that Canadian Solar will withstand the 2H15 meltdown in Yield Co. valuations and that it should add value to the shares with its Yield Co. launch and execution.”

Out of the 5 analysts polled by TipRanks in the last 3 months, 4 rate Canadian Solar stock a Buy, while 1 rates the stock a Hold. With a return potential of 20.57%, the stock’s consensus target price stands at $33