Canaccord Genuity Maintains a 'Buy' on FuelCell Energy (FCEL); Adjusting Estimates After Q1 Review
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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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Canaccord Genuity maintains a 'Buy' on FuelCell Energy (NASDAQ: FCEL) price target of $3.00.
Analyst, John Quealy, said, "We maintain our rating as incremental POSCO (NYSE: PKX) order flow keeps near-term visibility intact, while a $30M equity investment helps support the balance sheet into ’13. That said, the speculative risk profile (and share volatility) remains...Our F2012 revenue and EPS estimates adjust to $137.6M/$(0.17) from $139.0M$(0.21), while ‘13 goes to $155M/$(0.11) from $155M/$(0.15)."
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 $1.61 yesterday.
Analyst, John Quealy, said, "We maintain our rating as incremental POSCO (NYSE: PKX) order flow keeps near-term visibility intact, while a $30M equity investment helps support the balance sheet into ’13. That said, the speculative risk profile (and share volatility) remains...Our F2012 revenue and EPS estimates adjust to $137.6M/$(0.17) from $139.0M$(0.21), while ‘13 goes to $155M/$(0.11) from $155M/$(0.15)."
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 $1.61 yesterday.
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