FuelCell Energy (FCEL) to Conduct Corp. Restructuring; Prelim. Q4, FY16 Revenue Light of Views
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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
Roth Capital Affirms Rating, Price Target on FuelCell (FCEL) Amid Restructuring, Prelim. Results
December 1, 2016 10:02 AM ESTRoth Capital affirms FuelCell Energy (Nasdaq: FCEL) at Neutral with a price target of $2 following restructuring news and preannounced results.
The firm noted today:
FuelCell Energy preannounced F4Q16 (Oct.) results well below consensus. The company preannounced F4Q16 (Oct) revenue of... More