Craig-Hallum Cuts FuelCell Energy Price Target By Half - Read Why

  • FuelCell Energy Inc FCEL price target has been lowered to $3 (a downside of 19%) from $6 by Craig-Hallum analyst Eric Stine.
  • The analyst maintained the Hold rating on the shares.
  • Stine specified that the company reported Q2 results well below expectations, with backlog up modestly on a sequential basis.
  • Related: FuelCell Energy Shares Slide Post Q2 Miss
  • FuelCell continues to demonstrate excellent momentum in expanding its Generation Portfolio, although the analyst would want to see additional product traction beyond POSCO Holdings PKX.
  • Price Action: FCEL shares are trading lower by 2.24% at $3.72 on the last check Friday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!