Needham & Company Maintains a 'Hold' on FuelCell Energy (FCEL); Positive Gross Margin is Now The Norm
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Price: $22.37 +9.98%
Rating Summary:
6 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on FuelCell Energy (NASDAQ: FCEL).
Needham analyst says, "FuelCell Energy delivered bettered than expected fiscal 4Q11 results with another quarter of ‘positive’ gross margin, which has now become the norm. We believe demand for the company’s products is gradually improving on a global basis. However, we are maintaining our rating as the annual production rate is unchanged and below ‘breakeven’ levels."
"Based on the unchanged annual production rates, we are revising our near-term estimates. For fiscal 2012, our revenue estimate is $128.8 million with operating loss of $0.25 per share (from $175.0 million and $(0.22)). We believe there is potential upside to our forecast as we expect adoption to increase in the future with the company eventually raising annual production rates."
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 $0.92 yesterday.
Needham analyst says, "FuelCell Energy delivered bettered than expected fiscal 4Q11 results with another quarter of ‘positive’ gross margin, which has now become the norm. We believe demand for the company’s products is gradually improving on a global basis. However, we are maintaining our rating as the annual production rate is unchanged and below ‘breakeven’ levels."
"Based on the unchanged annual production rates, we are revising our near-term estimates. For fiscal 2012, our revenue estimate is $128.8 million with operating loss of $0.25 per share (from $175.0 million and $(0.22)). We believe there is potential upside to our forecast as we expect adoption to increase in the future with the company eventually raising annual production rates."
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 $0.92 yesterday.
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