Needham & Company Maintains a 'Hold' on FuelCell Energy (FCEL); Margin Improvement, But Not In The Black Yet
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Price: $19.54 +6.43%
Rating Summary:
6 Buy, 8 Hold, 2 Sell
Rating Trend:
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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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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.
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