Needham & Company Maintains a 'Hold' on FuelCell Energy (FCEL); Margin Improvement, But Not In The Black Yet
Tweet
Share
E-mailGet Alerts FCEL Hot Sheet
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
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on FuelCell Energy (NASDAQ: FCEL).
ANalyst, Michael Lew, said, "FCEL quarterly results were marked by steady gross margin improvement, which was better than we had forecasted. The POSCO investment, combined with a growing pipeline in Europe, suggests demand for FuelCell Energy’s products is improving on a global basis. However, we are maintaining our Hold rating as the annual production rate is unchanged and below ‘breakeven’ levels."
Needham raises FY12 EPS loss fro (0.25) to (0.20) and FY13 from (0.21) to (0.17)
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 $1.68 yesterday.
ANalyst, Michael Lew, said, "FCEL quarterly results were marked by steady gross margin improvement, which was better than we had forecasted. The POSCO investment, combined with a growing pipeline in Europe, suggests demand for FuelCell Energy’s products is improving on a global basis. However, we are maintaining our Hold rating as the annual production rate is unchanged and below ‘breakeven’ levels."
Needham raises FY12 EPS loss fro (0.25) to (0.20) and FY13 from (0.21) to (0.17)
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 $1.68 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- UBS Reiterates Buy Rating on HF Sinclair (DINO)
- New Street Research Upgrades Micron Technology (MU) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign 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!
