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Fly News Breaks for January 8, 2016
FCEL
Jan 8, 2016 | 09:13 EDT
Cowen analyst Jeffrey Osborne said his talks with FuelCell management, along with press reports, indicate that the Connecticut Siting Council has approved the draft proposal for the company's Beacon Falls Energy Park. The analyst sees this project as a huge win for the company that he estimates has a total potential value of about $500M, assuming total equipment revenue of about $200M and service revenue near $300M. Osborne has an Outperform rating and $23 price target on FuelCell shares.
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