Roth Capital Affirms Rating, Price Target on FuelCell (FCEL) Amid Restructuring, Prelim. Results
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FBR Capital Cuts Price Target as FuelCell Energy (FCEL) Cuts Revenue Guidance
December 1, 2016 5:20 PM ESTFBR 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
FuelCell Energy (FCEL) to Conduct Corp. Restructuring; Prelim. Q4, FY16 Revenue Light of Views
December 1, 2016 7:04 AM ESTFuelCell 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
Roth Capital Halves PT on FuelCell (FCEL) to $2 Amid CT-DEEP Rejection
November 30, 2016 8:23 AM ESTRoth 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
