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- FuelCell Energy Inc FCEL price target has been lowered to $3 (a downside of 19%) from $6 by Craig-Hallum analyst Eric Stine.
- The analyst maintained the Hold rating on the shares.
- Stine specified that the company reported Q2 results well below expectations, with backlog up modestly on a sequential basis.
- Related: FuelCell Energy Shares Slide Post Q2 Miss
- FuelCell continues to demonstrate excellent momentum in expanding its Generation Portfolio, although the analyst would want to see additional product traction beyond POSCO Holdings PKX.
- Price Action: FCEL shares are trading lower by 2.24% at $3.72 on the last check Friday.
- Photo Via Company
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