Positives Seen But Analyst Maintains Market Perform On FuelCell (FCEL)

December 24, 2012 7:57 AM EST
Get Alerts FCEL Hot Sheet
Price: $1.75 --0%

Rating Summary:
    6 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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FBR Capital maintained a Market Perform rating on FuelCell Energy (NASDAQ: FCEL) with a price target of $1.50.

Analyst Ajay Kejriwal said "we remain positive on the longer-term secular drivers of demand for fuel cells, including tightening environmental standards globally and improving competitiveness relative to other renewable power equipment providers."

Kejriwal said the Market Perform rating reflects the ongoing lackluster investor sentiment toward small-cap clean-tech stocks and macro uncertainty resulting in project delays/deferrals in the U.S.

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 $0.98 yesterday.

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