Canaccord Genuity Maintains a 'Buy' on FuelCell Energy (FCEL); Q3 Review: P&L Makes Progress
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Price: $19.54 +6.43%
Rating Summary:
6 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on FuelCell Energy (NASDAQ: FCEL) price target of $3.00.
Canaccord analyst, John Quealy, said, "We maintain our rating as optionality remains intact, with the P&L beginning to reflect the leverage and profitability gains off the POSCO backlog. That said, cash utilization and lumpy order flow keep the risk profile speculative and elevated, in our view...Our F2011 revenue and EPS estimates adjust to $120.9M/$(0.32) from $116.2M$(0.37), while F2012 estimates go to $146.0M/$(0.20) from $144.0M/$(0.25)."
For more ratings news on FuelCell Energy click here and for the rating history of FuelCell Energy click here.
Shares of FuelCell Energy closed at $1.29 yesterday.
Canaccord analyst, John Quealy, said, "We maintain our rating as optionality remains intact, with the P&L beginning to reflect the leverage and profitability gains off the POSCO backlog. That said, cash utilization and lumpy order flow keep the risk profile speculative and elevated, in our view...Our F2011 revenue and EPS estimates adjust to $120.9M/$(0.32) from $116.2M$(0.37), while F2012 estimates go to $146.0M/$(0.20) from $144.0M/$(0.25)."
For more ratings news on FuelCell Energy click here and for the rating history of FuelCell Energy click here.
Shares of FuelCell Energy closed at $1.29 yesterday.
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