Rodman & Renshaw Starts FuelCell Energy (FCEL) at Market Outperform
FCEL Hot Sheet
Rating Summary:1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Rodman & Renshaw initiates coverage on FuelCell Energy Inc. (Nasdaq: FCEL) with a Market Outperform rating and $6.25 price target.
The firm said, "We believe the FCEL s proprietary and patented DFC (Direct FuelCell) technology is a key competitive differentiator and positions the company as one of the few public plays that seek to capture multi megawatt distributed generation opportunities through deployment of stacked fuel cells. Growth for the company should come from management s focus on quickly moving the company towards expanded commercialization and rationalizing production costs."
The firm said, "We believe the FCEL s proprietary and patented DFC (Direct FuelCell) technology is a key competitive differentiator and positions the company as one of the few public plays that seek to capture multi megawatt distributed generation opportunities through deployment of stacked fuel cells. Growth for the company should come from management s focus on quickly moving the company towards expanded commercialization and rationalizing production costs."
You May Also Be Interested In
- UPDATE: William Blair Starts EPIQ Systems (EPIQ) at Outperform; Broad Suite of Solutions in Electronic Discovery Sector
- Citi, Oppenheimer, William Blair Starts Acquity (AQ) at Buy/Outperform
- UPDATE: Capstone Starts Facebook (FB) at Hold as Premium Multiple Not Justified
Create E-mail Alert Related Categories
New CoverageRelated Entities
Rodman & RenshawSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
