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Fly News Breaks for November 23, 2018
FCEL
Nov 23, 2018 | 08:53 EDT
Roth Capital analyst Craig Irwin downgraded FuelCell to Neutral from Buy and cut its price target to 80c from $2.10. Irwin said new project bookings momentum is weak following the ITC renewal earlier in 2018 and sees limited options for FuelCell to finance its 100 MW in company owned plants. The analyst kept estimates unchanged for now, but said financing the buildout of the generating portfolio is materially more challenging.
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