Roth Capital Affirms Rating, Price Target on FuelCell (FCEL) Amid Restructuring, Prelim. Results
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December 1, 2016 5:20 PM EST
FBR Capital reiterated a Market Perform rating on FuelCell Energy (NASDAQ: FCEL), and cut the price target to $2.50 (from $3.00), after recent setbacks cause the company to lower its F4Q16 revenue guidance. FCEL guided F4Q16 revenue to $23M$25M, lower than consensus forecasts. Part of the reduction was from not winning any clean energy awards and part from the reclassification of a fuel... More
December 1, 2016 7:04 AM EST
FuelCell Energy, Inc. (Nasdaq: FCEL) announced a business restructuring to reduce costs and align production levels with current levels of demand in a manner that is consistent with the Companys long-term strategic plan.
The Company is reducing materials spend as well as implementing various cost control initiatives. The workforce was reduced at both the North American production facility in Torrington,... More
November 30, 2016 8:23 AM EST
Roth Capital cuts its price target on Neutral-rated FuelCell Energy (Nasdaq: FCEL) from $4 down to $2, seeing a deeper impact from CT-DEEP rejection.
The firm commented today: We are lowering our estimates and price target on rejection of FuelCell Energy's projects... More
