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

Published 10/06/2022, 19:10
Updated 10/06/2022, 19:40
© Reuters.  Craig-Hallum Cuts FuelCell Energy Price Target By Half - Read Why
FCEL
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  • FuelCell Energy Inc (NASDAQ: 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 (NYSE: PKX).
  • Price Action: FCEL shares are trading lower by 2.24% at $3.72 on the last check Friday.
  • Photo Via Company
Latest Ratings for FCEL DateFirmActionFromTo
Jan 2022KeybancInitiates Coverage OnSector Weight
Dec 2021B. Riley SecuritiesMaintainsNeutral
Dec 2021Canaccord GenuityMaintainsHold
View More Analyst Ratings for FCEL

View the Latest Analyst Ratings

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