Stifel Nicolaus raises FuelCell Energy’s price target to $4.10, Reiterates Buy
Admin March 12, 2014 Stifel Nicolaus raises FuelCell Energy’s price target to $4.10, Reiterates Buy2014-03-12T08:29:03+00:00 PT Changes, United States No Comment
Fuel Cells: "...And Yet We've Just Begun..."
By Martin Tillier, March 11, 2014, 10:01:22 AM EDTAAAVote upCommentMore Sharing ServicesShare|Share on printShare on facebookShare on twitterShare on emailIf you follow markets, I’m sure it hasn’t escaped your attention that there are a few small companies, all in the same field, that have quite simply been on fire in the last couple of weeks. The field is fuel cells and the companies are Plug Power (PLUG), Ballard Power Systems (BLDP) and Fuel Cell Energy (FCEL). When I say “on fire” I mean that all three stocks yesterday traded at triple their value just one short month ago.Read more: .nasdaq
"We remain on track for closing multiple megawatts of orders and my confidence level is high as we have negotiated contracts for projects where we are waiting on final customer or regulatory approval," said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc. "Inquiries and activity levels globally remain high as we work to convert pipeline into backlog, supported by the validation from on-time completion of multi-megawatt fuel cell parks on two different continents."