Canaccord Genuity Maintains a 'Buy' on FuelCell Energy (FCEL); Q1 Preview
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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.
Analyst, John Quealy, said, "We maintain our rating as a firm backlog keeps near-term visibility intact, while a 300+ MW longer-term pipeline sets the stage for additional wins in key geographies (Asia, US and Europe) into the ’13 timeframe. That said, speculative risk profile (and share volatility) likely remains."
"FuelCell will release Q1/12 results before the open on Monday March 12, followed by a call at 10am ET. We model revenue/EPS of $32.8M/$(0.06) vs. the Street at $32.6M/$(0.06)."
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 $1.41 yesterday.
Analyst, John Quealy, said, "We maintain our rating as a firm backlog keeps near-term visibility intact, while a 300+ MW longer-term pipeline sets the stage for additional wins in key geographies (Asia, US and Europe) into the ’13 timeframe. That said, speculative risk profile (and share volatility) likely remains."
"FuelCell will release Q1/12 results before the open on Monday March 12, followed by a call at 10am ET. We model revenue/EPS of $32.8M/$(0.06) vs. the Street at $32.6M/$(0.06)."
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 $1.41 yesterday.
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