Needham & Company Maintains a 'Hold' on FuelCell Energy (FCEL); Weak Q2 From Mix of Lower Margin Kits
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Price: $1.10 +2.80%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FCEL Now!
Needham & Company maintains a 'Hold' on FuelCell Energy (NASDAQ: FCEL).
Analyst, Michael Lew, said, "The weaker than anticipated fiscal 2Q12 financial results were due to a higher mix of lower margin fuel cell kits to POSCO Power (vs. complete systems). Backlog level did improve and an increase in non-POSCO orders should eventually help the company reach a ‘breakeven’ earnings level. However, we are awaiting a significant capacity increase before potentially becoming more positive of FCEL shares."
FY12 EPS loss raised from (0.20) to (0.22) and FY13 from (0.17) to (0.21).
For an analyst ratings summary and ratings history on FuelCell Energy click here. For more ratings news on FuelCell Energy click here.
Shares of FuelCell Energy closed at $1.06 yesterday, with a 52 week range of $0.80-$1.95.
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Analyst, Michael Lew, said, "The weaker than anticipated fiscal 2Q12 financial results were due to a higher mix of lower margin fuel cell kits to POSCO Power (vs. complete systems). Backlog level did improve and an increase in non-POSCO orders should eventually help the company reach a ‘breakeven’ earnings level. However, we are awaiting a significant capacity increase before potentially becoming more positive of FCEL shares."
FY12 EPS loss raised from (0.20) to (0.22) and FY13 from (0.17) to (0.21).
For an analyst ratings summary and ratings history on FuelCell Energy click here. For more ratings news on FuelCell Energy click here.
Shares of FuelCell Energy closed at $1.06 yesterday, with a 52 week range of $0.80-$1.95.
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